Rates too high'

THE Bank of Zambia should help control the interest rates commercial banks are charging, says National Energy Sector and Allied Workers Union general secretary Yotum Mutayachalo. He told the Times of Zambia that borrowing from commercial banks had become "unfavourable".

Banks provide funds

THREE banks have guaranteed loans of US185m for a project to mine titanium ores from the heavy sands in northern Mozambican, reports the Beira daily, Diario de Mocambique.