Zambia cuts 2010 GDP forecast to 5.8%
Zambia has lowered its economic growth forecast for 2010 to 5.8 percent from a previous 7 percent, Finance Minister Situmbeko Musokotwane said in a letter to the International Monetary Fund on Monday. Musokotwane also said the government and Bank of Zambia were aiming for inflation of 8 percent by the end of the year. Annual [...]
The Southern African Center for Construction Resolution of Disputes SOCCORD says the ruling MMD will scoop the 2011 general elections if the PF/UPND pact does not resolve its internal conflicts that are emerging. SACCORD Executive Director Lee Habasonda tells QFM in an interview that the PF/UPND pact risks losing the support of the people if [...]
Continue reading …The Zambian government has handed over the 75 percent shares in Zamtel to the new owners Libya’s telecommunication firm Lap Greenn. This means that government now owns only 25 percent shares in the country’s telecommunication firm. Speaking during the handover signing ceremony Finance and National Planning Minister, Situmbeko Musokotwane hoped the sale of the shares [...]
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