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Chris Mfula

Zambia's chamber of mines sees 21,000 job cuts due to higher taxes

Dec 11 2018

LUSAKA, Dec 11 Mining companies in Zambia may lay off more than 21,000 workers due to reduced capital expenditure over the next three years if the government introduces higher taxes in January, an industry body said on Tuesday.

Zambian court says Lungu can run for president in 2021, opposition cries foul

Dec 07 2018

LUSAKA President Edgar Lungu can stand in presidential elections due in 2021 without breaching a constitutional two-term limit, Zambia's top court ruled on Friday, rejecting an opposition challenge.

UPDATE 1-South Africa should avoid uncertainty in land reform - World Bank executive

Nov 15 2018

LIVINGSTONE, Zambia, Nov 14 Investors will want South Africa to avoid creating uncertainty with its proposed land reforms, a senior World Bank group executive said on Wednesday, as the ruling African National Congress considers changing the constitution to allow expropriation of land without compensation.

South Africa's land expropriation unnerves investors: World Bank executive

Nov 14 2018

LIVINGSTONE, Zambia Plans by South Africa's ruling African National Congress (ANC) to change the constitution to allow the expropriation of land without compensation have unnerved investors, a senior World Bank group executive said on Wednesday.

South Africa's land expropriation unnerves investors - World Bank executive

Nov 14 2018

LIVINGSTONE, Zambia Plans by South Africa's ruling African National Congress (ANC) to change the constitution to allow the expropriation of land without compensation have unnerved investors, a senior World Bank group executive said on Wednesday.

UPDATE 3-Zambia hikes mining taxes in 2019 budget to rein in debt

Sep 28 2018

* Western donors worried about debt, transparency (Adds analyst comments)

CORRECTED-UPDATE 2-Zambia hikes mining taxes in 2019 budget to rein in debt

Sep 28 2018

LUSAKA, Sept 28 Zambia will introduce new mining duties and increase royalties to help bring down mounting debt, the finance minister said in a budget speech on Friday, as crowds outside protested about alleged government corruption.

Zambia power firm CEC proposes electricity tariff migration plan

Jun 22 2018

LUSAKA, June 22 Zambia's planned migration to cost-reflective electricity tariffs should be done on a case by case basis because production costs vary, the nation's largest supplier of power to mines said on Friday.

Vedanta Resources expects supply constraints to sustain zinc prices

Apr 11 2018

LUSAKA Zinc prices are expected remain buoyant in the coming years after reaching their highest levels in a decade because of a shortfall caused by years of underinvestment, the founder and chairman of Vedanta Resources said on Wednesday.

Zambian parliament delays debate on motion to impeach president

Mar 28 2018

LUSAKA Zambia's parliament has delayed a debate due on Wednesday on a motion seeking to impeach President Edgar Lungu over accusations of breaching the constitution, according to a letter from the parliamentary clerk seen by Reuters.

World News