Zambia ‘s Economy grew by 3% in the first quarter of 2017

ZAMBIA recorded an economic growth of three percent in the first quarter of 2017 with the agriculture, forestry and fishing sectors contributing the highest percentage of 1.7. The manufacturing and energy sectors were second with each contributing 0.3 percent to the country’s economic growth. This is according to the monthly bulletin released by the Central Statistical Office (CSO) at the on-going 53rd Zambia International Trade Fair (ZITF) here. And speaking during a media briefing recently, CSO director of census and statistics John Kalumbi said the energy sector recorded the highest…

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7th NATIONAL DEVELOPMENT PLAN

LAST week, President Lungu launched the 7th National Development Plan (7NDP), which is the country’s blueprint for development. The 7NDP will determine the course for development for Zambia for the next five years, up to 2021. The 139-page document is imprinted with the aspirations and dreams of the 16 million Zambians. The document had input from various stakeholders within Government, and is broad-based and all-encompassing. The foreword to the document is written by President Lungu, himself. In it, he expresses his belief in the plan and confidence in the Zambian…

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Buying Choice: The Rise of Shopping Malls in Zambia

By Herryman Moono Recently a number of sentiments have been passed by political and economic commentators – and policy makers – seemingly expressing displeasure at the increasing number of shopping malls in Zambia, with most of these malls owned by South African multi-national chain stores. The complaints have ranged from those arguing that they promote a culture of consumerism and love for foreign goods at the expense of local goods, to the infant industry argument that the shopping malls promote foreign (South African) goods at the expense of locally produced…

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Public Discussion: The Economics of HIV/AIDS in Zambia: Investing in sustainable responses

The Aid Healthcare Foundation in joint collaboration with the Economics Association of Zambia has the pleasure to invite you to a public discussion “The Economics of HIV/AIDS in Zambia: Investing in sustainable responses” which will take place on Tuesday, 20th June 2017 at Intercontinental Hotel from 18:30 hrs to 20:30hrs. The key note speech will be by Dr. Penninah  Lutung- AHF Bureau Chief-Africa. by

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JSE to launch Zambia dollar-denominated maize contract

The Johannesburg Stock Exchange (JSE) is setting up a contract for Zambian maize that will be denominated in US dollars. The contract will add liquidity to the Zambian market and provide the South African grain industry with better access to Zambian grain. “We are in the process of launching a contract listed on the JSE, denominated in U.S. dollars, which will be the first foreign currency listed contract in any asset class on the JSE,” Donna Nemer, the bourse’s director of capital markets, told Reuters on the sidelines of the…

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Cabinet approves national strategy for development statistics bill

National Development Planning Ministry has revealed that Cabinet approved the National Strategy for the Development of Statistics Bill during a meeting in Lusaka. National Development Planning Public Relations officer Sikabele Chikuba said the bill presented to Cabinet by Minister of National Development Planning Lucky Mulusa seeks to establish an effective and efficient National Statistics System that will be responsive to the information requirements of a modern and smart Zambia. He explained that the 2017 Statistics Bill was drafted to replace what he termed as the outdated 1964 census and statistics…

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Commodity hedge fund Blenheim sees upside in copper, zinc

MELBOURNE Copper and zinc are the two standouts among a brightening outlook for base metals, with supply constraints and China-driven demand set to lift prices in coming months, U.S. commodity hedge fund Blenheim Capital Management said. After a near six-year downturn that bottomed early last year, industrial metals are being driven more by supply and demand fundamentals than global monetary trends, base metals analyst Ingrid Sternby told Reuters in a rare interview. The famously private Blenheim sees interest in commodities finally picking up and Sternby said there’s now “a good…

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Kenya starts selling bonds via mobile phones

Kenya has become the first country to exclusively sell government bonds to citizens via their mobile phones, as it seeks new ways of raising money. The country is already a pioneer in the use of mobile money. The government is looking to tap into that network by allowing mobile phone users to trade the government securities across their phones. Kenyans can buy one of the bonds for as little as 3,000 Kenyan shillings ($30; £23), the country’s central bank said. Kenya’s banking system is fuelled by mobile payments. The main…

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PUBLIC DISCUSSION – ZAMBIA DEBT SITUATION: BACK TO HIPC?

The Economics Association of Zambia (EAZ) presents a public Discussion themed “Zambia Debt Situation: Back to HIPC?” We hereby cordially invite you to this public discussion to be held on Friday, 31st March, 2017 at the Taj Pamodzi Hotel, from 18:00hrs to 20:00hrs. We look forward to seeing you there. Yours sincerely, EAZ Secretariat by

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Bank of Zambia eases Monetary Policy Rate by 1.5% to 14%.

“In the implementation of monetary policy, BoZ will continue to strengthen the forward looking monetary policy, anchored on interest as the key signal for monetary policy. Changes in the Policy rate will be guided by inflation outcomes, forecasts as well as progress in fiscal consolidation” said the Bank of Zambia Governor during the first quarter Monetary Policy meeting. For more download the document below. Click this link to download by

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