Economy

According to the CEO of Stanbic Bank, Leina Gabaraane, to build a stronger economy post the COVID-19 pandemic, ZAMBIA embraces significant shifts created in the virus's local economic landscape. According to Jimmy Khan, the CEO of Lafarge ZAMBIA, There has been quite a notable shift in ZAMBIA's domestic construction industry due to the acute increase in small projects all over the country. Gabaraane...

As the majority of Zambians become wealthy, there is a growing taste in overseas holidays. The country’s excellent relationship with Israel has resulted in a high number of Zambians choosing Israel as the ideal tourist destination. Israel holds bragging rights as the birthplace of Christianity, attracting millions of Christian tourists. Zambia has not been left out as most Zambians are Christians....

Angola and Zambia are looking to expand integration and cooperation among them in order to promote growth in both their economies. The two embarked on creating transportation infrastructure aimed at linking them. This is aimed at providing mobility for people and moving merchandises across the two countries. Minister of Transport for Angola Augusto Tomas shared these views after visiting construction...

Zambia recently received an upgrade on its credit rating by Moody which is one of the top credit rating agencies. According to Miles Sampa who is the former deputy minister in Finance and Commerce, the new rating is an indication of sound economic leadership by President Edgar Lungu. The former deputy minister said that the move from negative to stable credit rating was a sign of confidence and proper...

In a shareholder’s agreement, Ethiopian Airlines acquired a 45 percent stake in Zambia Airways in January this year. The deal will see Zambia Airways re-launched after more than 20 years. The Ethiopian Airlines confirmed that the deal with Zambia was finalized. This agreement would facilitate the realization of Ethiopian Airline’s commitment in setting up various hubs in the Horn of Africa, Central...

To many people around the world, Sub- Sahara Africa is a no-go region especially when one thinks in investment and entrepreneurship lines of thought. However to informed business minded people this region has endless great investment opportunities. Efforts have started to play off in African countries to diversify the economy in order to maintain a steady economic growth.  These calls are aimed at...

Africa, for the last year, has been resourceful and rewarding to bond investors. Investors poured in large numbers to have a taste of the high yielding continent and recovering economy from investments dating three years back. Africa’s dollar securities and local currency performed quite well compared to emerging markets globally. But this has not been a bed of roses for investors who were faced with...

In 2017, Zambia climbed up from 98 to 85 on the 2018 World Bank’s Ease of Doing Business Rankings. The country was also in seventh position on the Top-10 reformers, with Brunei leading at one. Over the course of the last year, Zambia implemented three reforms that helped making business easier in Lusaka. The reforms were in the areas of getting credit, paying taxes and trading across borders. The...

Zambia can be proud of its economic growth of 3% during the first quarter of 2017 according to research figures. This growth is the result of the activity in the mining, information and communication, as well as financial services sectors. The real estate sector stands to benefit from this situation. Recently, the ZamReal Property Forum, held on 28 September at the Radisson Blu in Lusaka, talked about the...