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Fruits and Vegetables Association President Benard Sikunyongana has revealed that Zambia is making significant strides in the production of good-quality oranges.

According to Sikunyongana, the country is currently producing about 20% of the oranges it needs, with the remaining 80% being imported.

Speaking in an exclusive interview with the Zambian Business Times, Sikunyongana emphasized the improving quality of local oranges, noting that farmers in Mkushi have been harvesting high-quality oranges for the past two months.

He expressed pride in the fact that Zambia is now able to offer locally grown oranges of exceptional quality, disputing the misconception that Zambia cannot produce top-grade oranges.

Sikunyongana highlighted the need to further boost local production. He called for increased support for farmers and investment in agricultural infrastructure to capitalize on the potential for greater local orange production.

“We now have farmers who have nice very good quality oranges in Mkushi as we have started harvesting this year and they have been on the market for 2 months now.” He said.

Sikunyongana further stated that people used to think that Zambia could not have quality oranges and they didn’t know that the oranges were currently on the Market.

By investing in farming techniques, infrastructure, and market access, Zambia can further enhance its capacity to meet the domestic demand for oranges.

Fruits and Vegetables Association President Benard Sikunyongana

Cotton production has drastically dropped from 67,607 metric tones last year to about 10,367 metric tones this year representing a reduction of about 85%.

Speaking during an exclusive interview with the Zambian Business Times, Cotton Board of Zambia Senior Inspector, Derrick Sichilima said, factors like drought had contributed to the reduction in cotton production, As well as a reduction in the number of farmers that came through to cultivate cotton also contributed due to other competing crops like soya beans and maize due to the pronouncement that was made by government as well as other incentives like The farmer input supports program arrangements .

“Although cotton Farmers also get free input which they later pay back at the end of the harvest when they sell their crops, but you see when government makes a pronouncement obviously everyone is attentive, so most of the farmers who grow cotton had opted to go for maize. We also have another competing crop which is soya beans so you find that farmers would go for soya beans because of its short season in terms of growth as it matures early before cotton,” He explained.

Sichilima further alluded that The price of cotton per kilo on the market also contributed as cotton is not an edible crop that could be stored for consumption, as well as lack of facilities like textiles in Zambia that could process cotton, resulting to 98 -99% of cotton mainly being exported as it is a crop that is mainly marketed on the international market.

“You find that the price is mainly regulated by the international market, so the farmers just receive the price as they do not have any say in terms of negotiating, currently it is selling at k9.50 per kg as compared to last year were it was selling at k6 per kg which demotivated a lot of farmers into not cultivating it this year, were we saw about almost a 180,000 farmers backing out.” He stated.

Sichilima further alluded that the only input cotton farmers get is the one from cotton ginners or cotton companies who recruit farmers to grow cotton and enter into a contract with them by supplying them with seed and chemicals that would allow the crop to grow favorably a part from the rains.

“This input by cotton companies is supplied to farmers in form of a loan, for example all these things like seed, chemicals and sprayers can maybe amount to about a k500 for argument sake, so when the farmer harvests the cotton crop they will deliver to the particular ginner who supplied him or her with these inputs and then the ginner will deduct that loan of about a k500 as an example and then the balance of the money that’s the one the ginner will pay the cotton farmer, so this is entirely a private arrangement,” He alluded.

Meanwhile Sichilima said that cotton is mainly cultivated in Central province, Southern province, Eastern province as well as a part of Muchinga province.

“In these other provinces like northern province for example, Luapula, and copperbelt there is too much rainfall and the temperatures are not as high as in these other provinces because the nature of cotton requires high temperatures in the barleys and not as much rain as we find in northern province.” He said.

Furthermore Sichilima said ,that research had proven that cotton can not be grown in these other provinces because of factors like too much rainfall,highly acidic soils, which is not suitable for cotton, as it might germinate but may not fully grow in it’s full potential as it could result in zero profit.

Cotton production has drastically dropped from 67,607

Special Education Association of Zambia (SEAZ) Secretary General Dr. Cornelius Chitukwa says there is urgent need to digitalize content for the visually impaired learners to have equitable access to education and advance their ambitions.

Speaking in an exclusive interview with the Zambian Business Times (ZBT) Chitukwa said aside from braille the learners can utilize the technological tools if they are made available.

“The best thing that can be done is to digitalize content, so that they can access content in a digital content, and for us to achieve that we need to fix the Computers with a JAWS Soft ware, which learners can use to access sound, this is a device which will make the Computer can have some sound, without these facilities it is practically impossible for the learners to be fully accommodated in the education space, they need a lot of access to information, through digital content”he said.

Dr. Chitukwa said braille has been of hep in helping the learners to access Information but there is need for other facilities that would enhance teaching and learning.

“For instance when one wants to go to grade 8 for an ordinary learner they just need books and uniforms which will cost less than K500 but for a learner who is visually impaired they need a writing frame and the two of them are K1000 and for him or her to learn mathematics they need a Taylor frame which is also K1500, and these things are not provided for by the Government, and they are not locally available, these are things that cannot be bought from ShopRite, but they can be sourced from abroad, so depending on the people that import them, ” he said.

Special Education Association of Zambia (SEAZ) Secretary

Izwe a subsidiary of the Izwe Africa Group, an international financial solutions group that operates in Zambia with its headquarters are located in Mauritius, has posted about K200 million profit after tax for the year ended 2023.

Despite these hefty profits, some customers have questioned the institutions business practices in Zambia and the jury is still out if their operations are above board.

According to the audited financial statement seen by the Zambian Business Times – ZBT, Izwe exceeded its profit after tax estimate for the year 2023 increasing by 44% to ZMW190 million compared to a profit after tax of ZMW132.0 million reported in the prior year.

The Company’s gross revenue in the Zambian market also has balooned by 37% to ZMW600.1 million attributed to an increase in customers.

“The Company continued to diversify its funding sources, with borrowings increasing by 79% to ZMW1.0 billion to fund the increase in demand from clients.”

“As a result, there was a marked increase of 87% in interest expenses from K60.5 million in 2022 to K113.1 million in 2023.”

Menawhile, Izwe’s impairment losses has drastically reduced from K50 million in 2022 to K2.3 million in 2023, with large portions of the arrears book having been successfully cured.

“Izwe exceeded its profit after tax estimate for the year 2023 increasing by 44% to ZMW190 million compared to a profit after tax of ZMW132.0 million reported in the prior year.”

“This represents an increase of 50% in earnings per share to ZMW1.94 and an increase in return on equity from 34% to 40% year-onyear. Year on year, the Company recorded an increase in operating cashflows, in line with the increase in loans disbursed.” According to financials.

Izwe a subsidiary of the Izwe Africa

The Zambia power utility Company ZESCO has subcontracted Sinohydro a Chinese state-owned hydropower engineering and construction company to construct a 100 megawatts solar power plant in Chikonkome ward of Chisamba District of Central Province.

Chisamba District Commissioner DC has exclusively confirmed the development to the Zambian Business Times – ZBT, indicating that the completion of the construction of the 100MW will take a maximum of 2 years.

Questions have emerged on the contractual terms and the amounts that are to be paid to Sinohydro on this particular project.

Mboyoma however could not reveal the total budget for the project adding that ZESCO will be in a better position to give out contractual terms and the amounts that are to be paid.

Moyoma however said that the land has been identified for the construction of the 100MW solar power in Chisamba District of Central Province.

“ZESCO has subcontract Sinohydro and they are the project executors and the project construction is likely to take a maximum of two years.” Responded Mboyoma to a ZBT query.

Asked if two years is not too much for such an important project at a time when the country is facing a huge power deficit, Mboyoma said, “It’s not too much because I said within it can be 2 years or less for you, and me that understand the technical aspects that are required in the installation of such a plant we would rush such a project because there are a lot of technical issues that have to be looked at just to make sure that the plant serves that people.”

efforts to however get a comment from ZESCO have proved futile by press time.

The Zambia power utility Company ZESCO has

The Zambia Institute of Chartered Accountants – ZICA has emphasized the need for the Zambian government to underpin institutions to address the issue of financial illicit flows and unaccounted wealth.

ZICA pointed to the Financial Intelligence Centre’s report, which revealed a significant increase in illicit financial flows and tax evasion in the first quarter of 2024, with a substantial amount attributed to foreign nationals operating businesses in Zambia.

Speaking at a media briefing attended by the Zambian Business Times – ZBT, ZICA President Yande Siame Mwenye emphasized the importance of accountability and transparency in the utilization of financial resources, stressing the need for tangible actions to deter misappropriation of funds.

Mwenya added that ZICA has adopted the International Financial Reporting Standards S1 and S2, emphasizing the growing integration of financial and sustainability information for decision-making and risk management.

“Both locally and internationally there is a move towards a future where financial data and sustainability information are inextricably linked, and this correlation is becoming increasingly necessary for decision making, useful reporting, and for business from a risk management perspective.” She stated.

Mwenye further alluded that there is a need for accountability and transparency when it comes to the utilization of financial resources.

“This should not just be on paper but should be seen to be done, where there is misappropriation of public or private funds there should be consequences and it is hoped that this would serve as a deterrent.” She alluded.

Mwenye added that the Financial Intelligence Centre (FIC) quarter 1 2024 Trends report highlighted an increase in illicit financial flows and tax evasion which amounted to about K61 Billion of which most of it was by foreign nationals that had set up business operations in Zambia.

“There is a need for the Government of the Republic of Zambia to strengthen institutions for them to tackle financial illicit flows and unaccounted wealth. As you would appreciate when resources do not go to the intended purpose, there is a regression in the growth of our economy as a nation.” She stated.

Meanwhile, Mwenye has urged the government that for 2024 to be a year of progress in terms of the successful implementation of the green growth strategy, there is a need for the climate and sustainability bill to be tabled in parliament otherwise the implementation of the strategy would be a pipe dream as it requires legislative backing.

She further called on the government to employ resources in the Metrological department as there are projections that the nation could experience the opposite of El Nino.

The Zambia Institute of Chartered Accountants –

Chisamba District Commissioner Joel Mboyoma has disclosed that the construction of the 100 megawatts solar power plant in Chikonkomene ward of Chisamba District of Central Province will take maximum of 2 years.

The announcement of the 100MW solar project among other solar projects was seen as a short term measure by the new dawn government to deal with the current power crisis which has negatively affected businesses across the country.

Speaking in an exclusive interview with the Zambian Business Times – ZBT, Chisamba DC Joel Mboyoma however said so far the clearing of the land has commenced with a contractor to undertake the Construction works engaged but the project will be completed within  2 years.

Mboyoma said the full implementation of the 100 megawatts solar power project in Chikonkome ward of Chisamba District will bring in more benefits to the local community in the area.

“The benefits are huge ranging from employment already people are getting engaged and will have more than two hundred people engaged at the peak of the project, local people will be employed but then obviously that will change their economic status as individuals and the entire community as there will be more money in circulation which will be a plus and then we are also seeing people wanting to investing around and near the solar plant, we have seen shops coming up other houses which they will be renting to people that will be working there so the economy of of the district will improve.” As a district is not about the power that we will be benefiting from but also in terms of employment currently  works clear the area where the solar panels will be installed is going on and we have close to 100 people from the community that have been employed and the number is likely to increase to over 200 so there that economic value that the people in the district and especially around the project area that will accrue to them.

“The project will also attract other investment as we already have people that are coming  through to consult if they invest around the project area and see how they can access the power from the plant so we are basically I think going to have some sort of industrial hub around the 100MW solar plant which is in Chikonkomene ward of Chisamba district and we are very grateful to government for this project which is done through ZESCO.” He said.

“So we are hoping once everything starts, by 2026 everything should be completed of course there are issues of the materials that are required to set up the plant and if there will be any delay it has to be on the movement of the materials that are required, the solar panels and other accessories that are required to make sure that that the plant is completed and also issues of securing the area because is a big area.”

Meanwhile, Mboyoma could not reveal the total budget for the project adding that ZESCO will be in a better position to give out contractual terms and the amounts that are to be paid.

Asked if two years is not too much for such an important project at a time when the country is facing huge power deficit, Mboyoma said, “it’s not too much because I said within it can be 2 years or less for you and me that understand the technical aspects that are required in the installation of such a plant we would rush such a project because there are are alot of technical issues that have to be looked at just to make sure that the plant serves that people.”

Chisamba District Commissioner Joel Mboyoma has disclosed

The National Pension Scheme Authority (NAPSA) Director General Muyangwa Muyangwa says the Authority has disbursed 35 million dollars out of the total $300 million dollars towards the Ndola Dual Carriage Way construction.

Responding to a Zambian Business Times (ZBT) query on the update on the construction of the road, Muyangwa said the project is advancing, and concrete visibility is expected by the end of this year.

“We have disbursed $35 million dollars out of the $300 million, we are still quite a long way to go, but we are happy with the progress reports that we are receiving, we should be able to start seeing a concrete road as we approach the end of the year in some of the segments,” he said.

He echoed that the Authority will give another progress report in the aspect of the dual Carriage project in the near future.

The Pension Scheme Authority (NAPSA) signed the $300 million funding and investment agreement for the rehabilitation and upgrade of the US$650 million 372-kilometre Lusaka-Ndola road to a dual carriageway.

The long-awaited Lusaka–Ndola dual carriage way is more than a mere transportation link and is expected to create opportunities to empower communities and drive economic growth.

The National Pension Scheme Authority (NAPSA) Director

Economist Esther Banda has cautioned that despite the reported increase in copper export earnings, the overall economy has not seen significant improvement due to the mining sector’s underutilization.


According to the Zamstats report, copper export earnings rose from 15.7 percent in May to 19.2 percent in June 2024, representing a 22.6 percent increase.


Speaking in an exclusive interview with the Zambian Business Times (ZBT), Banda emphasized the urgent need for strict policies to ensure that the country benefits fully from its mineral resources.


She expressed concern that the increase in export earnings does not translate into tangible benefits for the economy, as the full potential of the mining sector remains untapped.


Banda called for a concerted effort to compel investors to remit the required revenue into the country, stressing the importance of seeing through policies that are intended for the country’s good.
She highlighted the abundant resources of the country and emphasized the need for policies that support the effective utilization of the mining sector.


She underlined the pivotal role of the mining sector in the country’s economy and urged against distraction or a shift in focus to other sectors.


Banda suggested that while agriculture and tourism are important, they should support the mining sector and not divert attention from fully utilizing the country’s mineral wealth.


She stressed the importance of ensuring that policies designed to benefit the country are implemented effectively, especially in a country that is one of the largest producers of copper but has experienced challenges in meeting Euro Bond payments.


“We need to make sure that the balance of payment is not just on paper, it’s unfortunate that we have never had a politician that has compelled the investors to remit the required revenue into the Country, but we have every right and mandate to see that the export earnings are generated and are useful to the economy,” she said.


“When certain policies are being pronounced they are for the good of the Country, we cannot be a Country that is one of the largest Producers of Copper but yet be the first to default a Euro Bond payment, whether it was as a result of Covid 19 or not but what am saying is that some of these policies should be seen through until the end of implementation,” she said.


Banda emphasized that the Mining Sector is pivotal to the Country’s Economy and there should not be any distractions or change of focus to other sectors like agriculture or tourism.


“These are just sectors that can support the mining sector because we have copper, we have many minerals, why then don’t we sit down and say how best can we utilize the mining sector, we can’t continue.

Economist Esther Banda has cautioned that despite

Concerns are growing over the prolonged closure of the Kasenseli gold mine, despite President Hakainde Hichilema’s explicit directive to have the mine operational.

The delay in reopening the mine, which has been shut since 2021 has raised questions about the government’s commitment to reviving the crucial gold mining industry.

President Hichilema had in May 2024 ordered the operationalization of Kasenseli Gold Mine, along with other mining sites, in a bid to stimulate economic growth and harness the country’s vast natural resources.

However, this directive seems to have fallen on deaf ears, as the mine remains non-operational, prompting frustration and uncertainty among the local community and industry stakeholders.

Speaking in an exclusive interview with Zambian Business Times – ZBT, Mwinilunga Member of Parliament Newton Samakayi has expressed dismay over the lack of progress in reopening the gold mine, emphasizing that mere pronouncements without tangible action have left the community in limbo.

“The President has unequivocally stated that the mine must be reopened, yet on the ground, there is little to no movement towards achieving this goal,” stated Samakayi.

The prolonged closure of Kasenseli gold mine, which was initially launched with high hopes for bolstering the Zambian economy, has deprived the country of a valuable opportunity to strengthen its gold reserves.

The Zambia Gold Company, a subsidiary of ZCCM IH started its official gold mining operations at Kasenseli in June 2020, with great anticipation and hope for the Zambian economy as the huge gold reserves held were believed to be large enough for the setup of a huge gold reserve that could provide a viable alternative to holding of US dollar reserves.

The delay has however placed undue strain on the Bank of Zambia, which has had to hugely rely on gold supplies from private entities due to the dormant state of the Kasenseli mine.

Concerns are growing over the prolonged closure