Konkola Copper Mines (KCM) has reaffirmed its commitment to paying all creditors under the court-approved Scheme of Arrangement. The company stated that it has not defaulted on any payments and remains dedicated to meeting its obligations in line with the court ruling. KCM has already settled debts for smaller creditors (Class I), who were owed…
In a pivotal move, Konkola Copper Mines Plc (KCM) has begun paying local authorities and other creditors under the newly implemented Creditors’ Scheme of Arrangement. According to a circular by Evelyn Mulenga, Chingola Municipal Council Assistant Public Relations Manager, this development signifies a major step in the company’s efforts to honor its financial commitments and…
The International Monetary Fund (IMF) has raised concerns over Zambia’s proposed de-dollarization initiative, highlighting potential risks to inflation control efforts. According to the IMF, Zambia’s current economic conditions are not conducive to de-dollarization, as the country lacks the low and stable inflation rates necessary for such a transition. This warning follows the Bank of Zambia’s…
Welcome to ZambianHub.com, your premier destination for exploring the vibrant culture, entertainment, lifestyle, and sports of Zambia. Immerse yourself in a world where tradition meets modernity, where the rhythms of Zambian music echo through bustling markets and serene landscapes alike. Discover the rich tapestry of Zambian entertainment, from the soulful melodies of local artists to…
Welcome to ZambianHub.com, your premier destination for exploring the vibrant culture, entertainment, lifestyle, and sports of Zambia. Immerse yourself in a world where tradition meets modernity, where the rhythms of Zambian music echo through bustling markets and serene landscapes alike. Discover the rich tapestry of Zambian entertainment, from the soulful melodies of local artists to…
