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PICK N PAY has started facilitating the export of Zambian sweet potatoes into its outlets in South Africa. The chain store in Zambia supports 64 local small and large-scale farmers who they have engaged as suppliers. Pick n Pay partners, Natural Value Foods manager Chris Greishaber said in an interview during the fresh produce...
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FINANCE Bank Zambia Limited (FBZ) has assured its customers that it is still strong with plans to open more branches across the country next year so as to strengthen its position in the financial market. Bank managing director Barkat Ali said in an interview that about six branches are expected to be opened with...
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Southern Sun Hotels has announced that it has launched a new Hotel in southern Africa – the StayEasy Lusaka. The hotel caters for the Business traveller and is centrally located in the new multimillion US dollar development, Levy Business Park. For a simple budget stay, business and leisure travellers who are heading to Zambia...
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Following the recent successful launch of their Vehicle and Asset finance product in Zambia, First National Bank Zambia (FNB) yesterday officially launched their home loans product to the Zambian market at Lusaka’s Inter Continental Hotel. The main features of the FNB home loans product are flexible pricing, terms and accessibility appropriately suited to the...
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THE Zambia Consumer Association (ZACA) has bemoaned the high cost of INTERNET bundles charged and alleged unfair conditions attached to INTERNET services by mobile service providers. The association has since challenged Zambia Information and Communication Technology Authority (ZICTA) to discharge its mandate and protect consumers. ZACA executive secretary Muyunda Ililonga said, “We do agree...
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Japanese technology giant Sony has bought full control of mobile phone maker Sony Ericsson from Swedish telecoms equipment maker Ericsson. Sony has agreed to buy 50% of the firm for 1.1bn euros ($1.5bn; £964m), making the mobile handset business a wholly-owned subsidiary of Sony. Ericsson said that the “synergies” between telecoms equipment and mobile...
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Zambia’s inflation rate for the month of October, 2011 has slightly reduced by 0.1 percent to 8.7 percent from 8.8 percent in September last month. The decrease is attributed to reductions in some food and non- food prices. Central Statistical Office (CSO) Acting Director John Kalumbi announced reduction at a press briefing held at...
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THE Lusaka Stock Exchange (LuSE) all-share index closed last week at 4,025.07 points up by 5.28 percent from 3,823.12 points over the previous week ending October 7, 2011. During the same week, LuSE recorded over K13 billion turnover compared to K5.3 billion registered the previous week. According to LuSE weekly stock news update for...
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Standard & Poor’s affirmed Zambia’s foreign and domestic credit ratings at B+ with a stable outlook, saying the country’s economic prospects are promising and newly elected President Michael Sata is likely to continue to court foreign investment. Sata defeated incumbent Rupiah Banda in a Sept. 20 vote. Since taking control of Africa’s largest Copper...
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Zambia’s annual inflation rate for the month of August has declined to 8.3 percent from 9.0 percent in July, 2011. The decrease in the inflation rate has been attributed to reductions in food and non-food prices, the Central Statistical Office has revealed. CSO deputy director William Makaya says of the total 8.3 percent annual...
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