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.

Posted by Adminstrator on September 20, 2016

 Zambia National Farmers’ Union (ZNFU) President Dr Evelyn Nguleka has stepped down with immediate effect.
Dr Nguleka has stepped down in order to prepare for the upcoming court case regarding allegations of misapplication of funds at ZNFU, following an audit that took place earlier this year.

Posted by Adminstrator on September 14, 2016

Background

You may be wondering why ZNFU will be giving its responses to the media instead of KPMG. Since our CPs went to the media, it is only fair that stakeholders are afforded an opportunity to learn of ZNFU position on various matters which have been in the public domain.

 

Posted by Adminstrator on September 12, 2016

In its quest to protecting consumers of products and services offered by banks, on one hand, and promoting market discipline and competition among market players in the banking industry, on the other hand, the Bank of Zambia has published the bank charges, interest and lending rates for all commercial banks as at 30th June, 2016.

This is done pursuant to Section 121A(I) of the Banking and Financial Services Act, Chapter 387 of the Laws of Zambia, which gives the Bank of Zambia power to publish any data or information it may determine to be in the public interest.

Posted by Adminstrator on September 06, 2016

The maize industry stakeholders have proposed that there is need for the government to have policies in place that will harness the potential of large and medium scale farmers to produce early maize with a view to maximize the regional market potential. The early maize, which would be planted under irrigation before the on-set of the rain season, would also act as a national food security buffer should need arise. It was however noted that farmers can only be incentivised to produce early maize if there are export off-takers and guarantees from government.

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