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Buumba Chimbulu

Buumba Chimbulu

Associated tags : business, feature, feature


Welcome to my BLOGSPOT. Economic matters such as the exchange rate among others remains critical to governance in any country. As such, the media and bloggers equally have an important role to play in ensuring that checks and balances are offered to all players in economic matter. Here you will find all business related issues, including economic matters and updates. Kindly feel free to comment on any issues and help me improve where possible.
Buumba Chimbulu Buumba Chimbulu
Articles : 163
Since : 26/07/2016
Category : Economy, Finance & Legal

Articles to discover

Zambia, Angola trade volumes low

ZAMBIA'S exports to Angola have remained significantly low with the country exporting goods worth K20 million the whole of last year, says Ministry of Commerce, Trade and Industry Permanent Secretary Kayula Siame. Ms Siame said therefore that there was urgent need to improve trade between the two countries. The Permanent Secretary was speaking in L
Mushimba challenges aviation sector players

Mushimba challenges aviation sector players

MINISTER of Transport and Communications, Brian Mushimba, has challenged players in the aviation sector to introduce services which will support Governments’ efforts in making Zambia a transport hub in the Southern region. Mr. Mushimba said while Government was making efforts to ensure that Zambia became a hub of transport in the region, players

ZRA awaits FQM response over K76.5bn claim

THE Zambia Revenue Authority (ZRA) is still waiting for a response from First Quantum Minerals (FQM) over the K76.5 billion assessment of duties regarding the import of capital items, authority Corporate Communications Manager Topsy Sikalinda has said. The matter also includes consumables and spares parts for use at FQM`s Sentinel Mine from January

‘Nuclear technology can boost Zambia’s exports’

ZAMBIA can become a major supplier of agricultural products and exporter of electricity if it embraces of the use of nuclear technology, says Economist Lubinda Haabazoka. Dr Haabazoka said in an interview that some agricultural products could not make it on the international markets such as Europe and the United States due to short shelf lifespan.
Beef, honey added to Saudi deal

Beef, honey added to Saudi deal

SAUDI Arabia has added beef and honey to the deal expected to be sealed early next month that will see Zambia exporting goats and sheep to that country. Government and Saudi Arabia in 2016 signed a Memorandum of Understanding for Zambia to export one million goats monthly to the Middle-East country Fisheries and Livestock Minister, Kampamba Mulenga

ZRL revenue swells

A TOTAL of K55.09 million revenue was realised from freight, passenger and real estate activities by the Zambia Railways Limited (ZRL) during the first quarter of this year. ZRL Chief Executive Officer, Christopher Musonda, said the parastatal recorded an increase of 23 per cent in revenue to K55.09 million from K41.78 million recorded in the first

930 tonnes of sugar dumped in Zambia monthly

OVER 930 tonnes of sugar is currently being smuggled into Zambia on a monthly basis through various border posts. The illegal trend has caused price distortion and compromised product quality on the market. Zambia Sugar plc managing director, Rebecca Katowa, attributed the development to porous border points and lack of regulation in the sugar indu


Zambia National Commercial Bank (ZANACO) is set for a re-launch this month-end to become the top transactional and digital institution in the country by 2020, company managing director and chief executive officer, Henk Mulder, has announced. And the bank has also announced its financial performance for the year ended December 2017 which has see imp

Zambia’s US$40m mill-balls firm targets export market

ZAMBIA will soon be exporting mill-balls used by mines in crushing ore following the construction of a US$40 million manufacturing facility which is nearing completion in Kalumbila. The plant meant to start operations this year will be producing high-quality mill-balls for mines in Zambia and the neighbouring countries. According to a consultant en


ZAMBIA’S fiscal deficit is expected to reduce immensely this year due to the slowdown in acquiring new loans by Government, economist Lubinda Haabazoka has predicted. Recently, the Southern Africa Economic Outlook 2018 also indicated that Zambia is among the few countries in the region expected to have an improved fiscal outlook in the medium-ter