Glencore’ Mopani told to pay more taxes
LUSAKA – Zambia has asked commodity trader Glencore’s Mopani Copper Mines for unpaid taxes after an audit of the subsidiary, leaked earlier this year, revealed it had underpaid mining dues, Min...
Tag Archives: Situmbeko Musokotwane
Mine tax funds K1 trillion road construction
By CHRISTINE CHISHA GOVERNMENT has disclosed that the K1 trillion to be used on an urban roads rehabilitation programme will be paid by mining companies. Minister of Finance and National Planning Sit...
Zambia 2011 GDP to grow above 7%
LUSAKA, May 21 (Reuters) – Zambia’s economy is likely to grow beyond 7.0 percent in 2011 largely driven by investments in mining and infrastructure, Finance Minister Situmbeko Musokotwane...
ZAMBIA has frozen Libyan 75 percent shares in Zamtel
LAP Green shares frozen By DARLINGTON MWENDABAI ZAMBIA has frozen LAP Green Network’s 75 percent shares in Zamtel in conformity with the international community’s decision to freeze all assets belong...
Saudis plan major pineapple project US$125 million
By CYNTHIA MWALE SAUDI firm Menafea Holding intends to invest US$125 million in a 5,000-hectare farm in North-Western Province this year and in building 2,000 housing units in Lusaka South multi-faci...
Zambia ready to launch $500 million eurobond, has a B credit rating
Zambia is getting ready to launch a debut $500 million eurobond after receiving a B credit rating from Fitch this week, Finance Minister Situmbeko Musokotwane said on Today. Dr Musokotwane told Reute...
Zambia to secure a credit rating in March
Zambia, Africa’s largest copper producer may secure a credit rating by March this year to enable the Southern African nation attract more portfolio investors into the country and develop infrastructu...
RB warns Zambians, do not emulate revolts
Republican President Rupiah Banda has warned Zambians against emulating the revolts that have recently engulfed North African countries ahead of this year’s general election. President Banda sa...