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Showing posts from July, 2019

Zambian president fires finance minister

Zambia’s president has fired Finance Minister Margaret Mwanakatwe and appointed central bank deputy governor Bwalya Ng’andu to replace her, the president’s office said. 
The statement, issued on Sunday night, gave no reasons for President Edgar Lungu’s decision and there were no immediate comments from Mwanakatwe, who only took up the post last year, or from Ng’andu.
Ng’andu will take over the management of an economy the International Monetary Fund has repeatedly warned is struggling with high debts and shrinking foreign exchange reserves.
External debt rose to $10.05 billion at the end of 2018, compared with $8.74 billion a year earlier. Zambia is trying to shrink a fiscal deficit that amounted to 7.5% of gross domestic product last year.
The government also faces tensions with miners who say taxes it has imposed will stymie investment and hit output in Africa’s second-largest copper producer.
Ng’andu has previously served as managing director of the Development Bank of Zambia, managing …

Zambian Biz - Adastra fruit juice processors (mango juice makers)

Adastra fruit juice processors (mango juice makers). They are based in Mongu and can be contacted via +260977490565. 

Zambian Biz - Nammie’s yummies

Today we share with you another Zambian Biz. If you like this kind of content then make sure to follow us on  Twitter via @topzedbrands and share this post. 
Nammies YUMMIE'S
If you love Cupcakes then you need to get in touch with this Zambian Startup. Nammie's Yummies is open 8am- 5pm on weekdays. DM or WhatsApp 0962560118 for orders. (texts preferred over calls). Please order 3 days in advance to avoid any sad faces.









Find them on Twitter via @Nammiesyummies and on Instagram