Mr Yaluma says Zambia’s slow down in economic activity has not reached a level that forces people into panic buying caused by artificial shortage of essential goods. And Mr. Yaluma says government is keen on enhancing trade with other countries and easing procedures for exporting and importing of goods. Launching the publicity campaign for the Zambia Trade Information Portal at his office today, Mr. Yaluma said government is easing processing and availability of information required to trade through the portal....Read

The IMF last week forecast Zambia’s economy will contract by 3.5% in 2020, from the growth of 1.5% in 2019, as the coronavirus pandemic hits economies across the world. Zambia’s economic activity has also been hampered by widespread power shortages.“Zambia will now discuss with the fund on an appropriate macro-economic framework that will lead to a program eventually,” Ng’andu told reporters. Talks with the IMF hinged mainly on debt sustainability, Ng’andu said, adding that Zambia had already embarked on measures including reduced borrowing and the suspension of some projects. ...Read

The Ministry of Commerce, Trade and Industry in partnership with the Southern Africa Trade and Investment Hub (SATIH) conducted sensitization workshops at four border posts on the Zambia Trade Information Portal. Prior to this, the first sensitization program was conducted in Lusaka at the Radisson Blu Hotel. The program was later conducted in four border towns were Chipata-Mwami, Chirundu, Kazungula-Katima Mulilo and Kasumbalesa....Read