LONDON (Reuters) – Foreign holdings of Zambian debt have fallen to their lowest since 2005, reflecting uncertainty over the direction of policy following elections last year and the spillover from the global financial crisis, a central bank official said on Tuesday. The Bank of Zambia also wants to consolidate the 170-plus bonds in circulation to spur [...]

Former Transport and Communications minister Dora Siliya has been granted K50 million cash bail with two working sureties.   This is in a matter in which Ms Siliya is charged with two counts of abuse of Authority of office following her arrest and subsequent detention yesterday by the joint government investigative team. Ms Siliya who [...]

LAFARGE Cement Zambia Plc says the weak Kwacha is putting pressure on cement prices due to input costs imported from other countries. The local currency has generally been trading at the level of K5, 200 and K5, 300 for buying and selling respectively on the interbank. Company chief financial officer Chrissie Moloseni said apart from [...]

Following media reports on the Zambian government’s failure to lay charges in support of requests for the arrest of Henry Banda, son of former Zambian President Rupiah Banda, their legal counsel have dismissed the arrest requests as unfounded and politically motivated. “These unspecified allegations against Henry Banda are politically driven and without foundation. It is [...]