Posted by Benson on May 22, 2017

 

The Bank of Zambia (BoZ) has significantly reduced its Policy Rate to 12.5 per cent from 14.0 per cent, bringing a new lease of hope for Commercial Banks to also trigger reductions in the lending rates.

The announcement was made on Wednesday 17th May, 2017 by Central Bank Governor Dr. BoZ’s Monetary Policy Committee (MPC) factored in the lower inflation and subdued economic growth for the reduction to be effected.

Posted by Adminstrator on February 24, 2017

Government ministers comprising Minister of Finance, Minister of Agriculture and Minister of Commerce Trade and Industry met officials from TAZ and ZNFU to discuss the issue of exempting VAT on green leaf tobacco. The private sector informed the three Ministers that the VAT component made the Zambian tobacco uncompetitive compared to regional competitors such as Malawi, Zimbabwe and Tanzania where the crop is exempt from VAT.

Posted by Benson on February 22, 2017

 

Government ministers comprising Minister of Finance, Minister of Agriculture and Minister of Commerce Trade and Industry met officials from TAZ and ZNFU to discuss the issue of exempting VAT on green leaf tobacco. The private sector informed the three Ministers that the VAT component made the Zambian tobacco uncompetitive compared to regional competitors such as Malawi, Zimbabwe and Tanzania where the crop is exempt from VAT.

 

Posted by Adminstrator on November 22, 2016

The Minister of Agriculture, Hon. Dora Siliya assured the ZNFU that farmers owed by the FRA will be paid before the end of the month. She revealed this when the ZNFU President and some Board members paid a courteousy call on the Minister.

Posted by Adminstrator on November 22, 2016

The Monetary Policy Committee (MPC) of the Bank of Zambia has maintained the policy rate at 15.5%. the committee further eased commercial bank’s access to the central bank liquidity by removing some quantitative restrictions. This move has been supported by the downward trend in the annual rate of inflation and is forecast to decelerate further and end the year on a single-digit note. Meanwhile expectations are for a stable kwacha in the last quarter of 2016 with support from the recent significant increase in the international copper prices which would hopefully be sustained.

Posted by Adminstrator on November 08, 2016

The Food Reserve Agency is requesting for local suppliers such as grain traders, commercial farmers and any firms or persons with maize stocks to make offers for the sale of 220,000MT of maize to the Agency. This is in an effort by the agency to meet its minimum targeted purchase of 500,000MT of maize during the 2016 crop marketing season. The Agency could not meet its target between 1st June and 31st October 2016 due to marketing dynamics.

Posted by Adminstrator on October 31, 2016

ZNFU on 27th October,2016 successfully held its 2016 Council Meeting and the 111th Congress which ushered in a new President Mr. Jervis Zimba and a new Board.

Posted by Adminstrator on October 03, 2016

On Tuesday 27th September, 2016, members of the ZNFU Board led by the Acting President, Mr. Richard Lisimba, met with the Cooperating Partners (CPs) that have been supporting the Union through the Core Support Programme. This follows the conclusion of the KPMG Audit, hence the need to discuss the next steps. During this meeting, the Acting President reported that the ZNFU President had stepped down as President of the ZNFU as well as President of the WFO, and that the Executive Director had been suspended from duty by the Board. To this effect the Deputy Executive Director, Mrs.

Posted by Adminstrator on October 03, 2016

The President of the Republic of Zambia, His Excellency Edgar Chagwa Lungu, opened the 12th  session of the National Assembly on Friday 30th September 2016. The President stated that government’s focus for the next five years will be on developmental milestones in line with the 7th National Development Plan whose focus shall be to achieve a resilient and diversified economy.

Posted by Adminstrator on September 20, 2016

The Zambia National Farmers’ Union (ZNFU) Officers from Head Office in Lusaka and farmers from Choma/Kalomo held a meeting in Choma with the Water Resources Management Authority (WARMA) Officials to discuss the issue of penalties on farmers with unregistered water facilities. The meeting was prompted by farmers in Kalomo, Zimba and Livingstone who complained to ZNFU during the last quarter of 2015 that WARMA had imposed hefty fines/penalties on farmers with unregistered dams.

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