KCM Commences Landmark Payments to Local Authorities and Creditors

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…

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IMF Warns Zambia Against Proposed de-dollarization Initiative

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…

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