The Bank of Zambia (BoZ) has increased the Monetary Policy Rate by 100 basis points to 11.0 % from 10.0 %. BoZ Governor Denny Kalyalya says the decision was informed by the current and projected inflation, moving further away from the 6 – 8 percent target band. Speaking during the…
The Food Reserve Agency (FRA) says it has paid all farmers that supplied their crops to the agency in this year’s just ended crop marketing season. A total of K1,943,195,420.00 was paid to farmers countrywide that supplied crops to the Agency. FRA Public Relations Coordinator John Chipandwe says from the…
Common Market for Eastern and Southern Africa (COMESA) Secretary General, Mulenga Kapwepwe, says the supply chains for essential commodities continue to be strained by adverse shocks initially induced by the COVID-19 pandemic and the negative impacts of geo-political conflicts around the world. Ms. Kapwepwe was speaking during the opening of…
Minister of Finance and National Planning Situmbeko Musokotwane says government is committed to enhancing the agriculture sector by facilitating access to finance, smart agriculture practices and proper institutional frameworks. Zambia has signed the first amendment to the compact development funding grant agreement with millennium challenge corporation to the tune of…
The Zambia Association of Manufacturers (ZAM) has partnered with First National Bank (FNB) Zambia in the implementation of the Inaugural Manufacturers Month that is running from 23rd October 2023 to 24th November 2023. The series of events in this Manufacturers Month have been called under the theme “Catalyzing Value Chains for…