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Top news items in major Zambia media outlets

Xinhua, January 3, 2017 Adjust font size:

The following are news highlights in Zambia's major media outlets on Tuesday:

-- Zambia's revenue collection agency has launched investigations to establish whether imported petroleum products from South Africa qualify for preferential treatment under various trade protocols.

Currently, the Zambia Revenue Authority (ZRA) is withholding tax on imported petroleum products from South Africa as most of the petroleum products coming from South Africa was imported from the Middle East. (Times of Zambia)

-- The World Bank has given Zambia a 45-million-U.S.-dollar grant to strengthen tuberculosis (TB) programs.

Zambia has one of the highest TB prevalence rates in the world. The prevalence of TB was estimated to be 455 per 100,000 people according to the country's first-ever TB prevalence survey conducted in 2014. (Zambia Daily Mail)

-- The Zambian currency has been described as the best performing currency and assets in Best Spot Returns in Africa, and among the six best performing in the world in 2016.

This is contained in a study published by Bloomberg, which placed Zambia 6th with Russia, Brazil, Palladium, Iceland and Silver as 1st, 2nd, 3rd, 4th and 5th respectively.

In 2015, the Kwacha fell by 41 percent, becoming the worst performer among the more than 150 currencies tracked by Bloomberg. (Daily Nation)

-- Grain traders have complained that a 10-percent maize export duty will kill Zambia's exports this year as local producers will be rendered uncompetitive regionally.

The export duty announced in the 2017 budget came into effect on January 1. (The Mast) Endit