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Commercial banks - mostly subsidiaries of foreign banks - are the most dominant financial institutions in Zambia. The banking system is comprised of 14 commercial banks, holding 90 percent of financial assets. Foreign equity participation is significant, accounting for three quarters of the banking system...
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Those aspiring to break into economies at the bottom of pyramid (e.g. Zambia) face the main challenge of how build a business model that would adequately 'sell to the poor', through the acquistion of resources at a cost below their potential and deploying these resources into capabilities that...
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A new Norwegian NGOs report on the Zambia - China Relations paints a bleak picture of Zambia's weak external debt control mechanisms. According to the report, loan contracts between China and Zambia are not open to public scrutiny, leaving a lot of power in the hands of the President. The new post...
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After giving China a tax free zone, the southern African nation of Zambia wants to create a similar exclusive economic zone for Indian companies to bring 'value-addition' to its mining industry. 'We have had a long partnership in India, with investments in several areas. But what has been...
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The Trade Development Authority of Pakistan (TDAP) had arranged a 5-day visit of an 11-member trade delegation to Lusaka, last week. The objective of the visit was to enhance bilateral trade relations, to explore the local market for Pakistani products, to discuss other allied issues with their Zambian...
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Barclays Bank Zambia has secured a 125 billion kwacha (over 31 million U.S. dollars) investment bond from the European Investment Bank (EIB) in Luxembourg for lending to productive sectors of the economy of Zambia, Times of Zambia reported Thursday.
Briefing journalists at the Barclays Bank head office...
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The British High Commissioner to Zambia, Alistair Harrison, has urged the Zambian government to take advantage of its envisaged strengthened financial position owing to the increased mine tax revenue to invest in infrastructural development. Speaking Tuesday when he hosted journalists at the British...
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The city of Kitwe is in the heart of the Zambian copper belt. The new roads and lush green parks intersecting the shanty towns hint at the boom in copper prices, which have quadrupled in six years. But neither Zambian mining firms nor the government paid for them. The roads and parks are a gift from...
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Zambian President Levy Mwanawasa on Tuesday praised China's role in his country but told investors from the Asian economic giant to improve its treatment of local workers in the key copper mining sec
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Zambian President Levy Mwanawasa praised Tuesday the establishment of the Zambia-China Economic and Trade Cooperation Zone, which he said would provide more job opportunities and help improve the liv