Business360 TV Zambia

26/09/2025

2026 National budget presentation!

12/09/2025

11/08/2025

ZRA SEIZED 66,000 LITRES OF SMUGGLED ETHANOL BELONGING TO ZAMBIAN BREWERIES

The Zambia Revenue Authority (ZRA) has seized two trucks carrying 66,000 litres of smuggled ethanol with a revenue loss of K3 million to the Zambian government.

The two trucks which entered Zambia through the Nakonde One Stop Border Post were both declared as carrying 132 packages of Calcium Hypochlorite each. Calcium does not attract customs duty but is subject to 16% Import Value-Added Tax (VAT).

However, upon inspection, ZRA officers discovered that the trucks were carrying Ethanol 96.0% in 250-liter plastic drums, contrary to the initial declaration. The Ethanol was packaged in drums labelled "Extra Neutral Alcohol 96%" with stickers bearing the code UN1170, confirming the commodity was indeed Ethanol.

Further verification of the declarations confirmed that the entries were declared with Zambia Breweries PLC as the importer and Transtra International (Z) LTD as the declarant or agent. An Alcohol Permit and delivery documents were also discovered, confirming the product as Ethyl Alcohol, with Zambia Breweries Limited listed as the buyer.
This misclassification constitutes smuggling, violating Sections 141, 149, and 159 of the Customs and Excise Act CAP 322 of the Laws of Zambia.

The Authority has commenced further investigations on the matter with potential prosecution of all parties involved. The agent which is Circle Transtra International (Z) Limited’s TPIN has already been suspended with a possible revocation of its operating license.

A thorough check on all the twenty-one (21) declarations processed between 2023 and 2025 by Zambia Breweries and Circle Transtra International (Z) Limited will also be made to ascertain if there was any revenue loss.

The two trucks were intercepted between 3rd August and 6th August 2025 along the Great North Road.
Taxpayers are encouraged to pay their taxes and remain compliant with tax laws in order to avoid punitive enforcement measures incl

18/07/2025

IDC SIGNS AGREEMENTS FOR 2 PROJECTS WORTH OVER US$2 BILLION

At the inaugural Invest Zambia International Conference, which was held yesterday, the Industrial Development Corporation (IDC) signed two landmark memoranda of understanding (MoUs) worth over US $2 billion with two leading Chinese corporations, securing major investments in Zambia’s energy and agricultural sectors.

The two signings were witnessed by President Hakainde Hichilema and Chinese Ambassador to Zambia H.E. Han Jing.

The first MoU was signed between IDC CEO, Mr. Cornwell Muleya, and Mr. Huang Tieming, President and Chairperson of Fujian Xiang Xin Corporation (FJXX). This agreement paves the way for the development of a state-of-the-art crude oil refinery and integrated energy complex in Ndola, with a total investment of US $1.1 billion.

The planned facility will have the capacity to process three million metric tonnes of crude oil per year—equivalent to approximately 60,000 barrels per day—sufficient to meet Zambia’s entire current fuel demand and creating potential for exports to neighbouring countries. Groundbreaking for the project is targeted for the third quarter of 2025, with the first phase of commercial operations anticipated to commence in 2026.

During its construction phase, the project is expected to generate about 2,200 jobs across civil works, mechanical and electrical installations, and logistics. Once operational, it will sustain around 600 direct jobs and more than 2,000 indirect jobs in plant operations, supply chain services, maintenance, and support roles.

Beyond fuel production, the refinery will also include facilities for LPG bottling, bitumen production, lubricant blending, and a 130MW generation plant, which will contribute 100 MW of electricity to the national grid. The project is further expected to stimulate investments in new storage infrastructure, rail upgrades, and provide feedstock for industries such as plastics, fertilizers, synthetic materials, and asphalt ma

13/07/2025

PIGS FOR SALE BY LWASE FARMS IN KITWE! Price Price range from K1500 to K7500

11/07/2025

Nigeria's Dangote petroleum refinery will construct storage tanks in Namibia to hold at least 1.6 million barrels of gasoline and diesel to supply refined fuel to southern Africa, Reuters reported. The refinery is aiming to dominate fuel supply in Africa and beyond, potentially reshaping energy trade flows in the region and boosting access to refined products for southern African nations.

10/07/2025

Today's exchange rate!

10/07/2025

Tomatoes, continue appreciating on its market price as it continues to give pressure to zambian soup lovers!

10/07/2025

FOOTBALL AS BUSINESS!! 3 bullets from Shepolopolo hits the senegal women national team. with senegal women only managing to shoot back 2.