Business
Economy, mining, kwacha, markets and enterprise.
640 stories
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Why do most property owners wait until property is in serious disrepair?
Property owners have been urged to embrace
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Kwacha ends nine-day losing streak, as pressure on South African rand eases
The Zambian Kwacha halted its nine-day losing streak on Friday, gaining 0.21% against the U.S. dollar to close just below K19.75 per dollar, according to Bloomberg data. The local currency’s advance came after it failed to sustain a break below the K19.70 per dollar level…
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ZRA urges taxpayers to conduct tax health checks during 100% waiver window
The Zambia Revenue Authority (ZRA) has urged businesses and other eligible taxpayers to conduct comprehensive tax health checks on their historical tax affairs and take advantage of the Extended Voluntary Disclosure Programme before it closes on Dec. 31, 2026. Under the programme, eligible taxpayers who…
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2 Chisamba men buried alive by sand wall
CHAMBO NG’UNI Kabwe TWO young men have tragically died after being buried alive by a collapsing sand wall while mining building sand in the Kamaila area of Chisamba, while a third colleague survived the ordeal. Central Province police commanding officer Lemekani Chirwa identified the deceased…
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Govt vows to keep inflation low
PHILIP CHISALU Lusaka MINISTER of Finance and National Planning Situmbeko Musokotwane has stated that the Government will rigorously prioritise safeguarding the economic stability achieved over the past five years to prevent a resurgence of high inflation and escalating living costs. Speaking during an appearance on…
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Zambia, other Southern Africa countries see new trade opportunities as AGOA extends to 2028
The Southern African Development Community (SADC) says the extension of the African Growth and Opportunity Act (AGOA) to December 2028 will provide greater certainty for exporters and investors while creating opportunities to expand value-added trade with the United States. The United States had extended AGOA…
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Govt responds to reported outbreak of livestock diseases with anthrax vaccines
The Ministry of Fisheries and Livestock says it has dispatched 600,000 doses of anthrax vaccine for mass vaccination campaigns in selected districts as part of measures to prevent the spread of the disease among livestock. Director of Veterinary Services, Charles Maseka, said there were currently…
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African Football Star Sadio Mané Reportedly Invests $20 Million in Massive Mango Project Set to Create 1,000 Jobs as He Chooses Community Development over Luxury Lifestyle
省 Senegalese football star Sadio Mané is being widely praised after reports emerged that he has invested approximately $20 million into a large-scale agricultural project focused on mango
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ZESCO Begins Scheduled Maintenance Ahead of Rainy Season
ZESCO Limited has commenced scheduled maintenance on electricity infrastructure in selected parts...
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Ministry of Labour Employees to Declare Gifts Above K500
The Ministry of Labour and Social Security has introduced a new Gifts and Benefits Policy requiring employees to declare gifts valued above K500 received in connection with their official duties. The policy is aimed at strengthening transparency and accountability while reducing the risk of gifts…
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Chinsali Budget Hotel Set for Commissioning
The first-ever state-of-the-art Chinsali Budget Hotel in Muchinga Province has reached 99...
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World Bank Group mobilizes $112 billion in private capital in 2026
The World Bank Group mobilized a record US$112 billion in private capital in fiscal year 2026, more than tripling the amount recorded four years earlier, as it ramps up efforts to channel private investment into developing economies. The Group said in a statement on Friday…
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WWF Zambia urges stronger policy frameworks to unlock green investment
World Wide Fund for Nature (WWF) Zambia has called for stronger policy and institutional frameworks to unlock investment in the country’s green economy, including accelerated implementation of Zambia’s Green Finance Taxonomy. Country Director, Nalucha Nganga-Ziba, said Zambia needed to develop bankable green investment pipelines, promote…
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Afreximbank, DBSA to commit about $10 million for Southern Africa projects
The African Export-Import Bank (Afreximbank) and the Development Bank of Southern Africa (DBSA) have agreed to contribute up to US$10 million to a joint facility to prepare high-impact infrastructure and industrial projects in South Africa and the wider Southern African region. The Joint Project Preparation…
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Muntali Bids Farewell as UN Resident Coordinator, Hichilema Hails Partnership
Outgoing United Nations Resident Coordinator in Zambia, Beatrice Muntali, has bid farewell to the country after four years of service, expressing confidence that Zambia and the UN will continue working together to advance sustainable development. Ms Muntali, who served from 2022 to 2026, says Zambia…
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Muchinga official urges community ownership of K3 million irrigation infrastructure
Muchinga Province Permanent Secretary, Dr Tuesday Bwalya, has urged communities benefiting from the Transforming Landscapes for Resilience and Development (TRALARD) Phase One and Two projects to take ownership of infrastructure financed under the programme. Bwalya made the call during a tour of TRALARD II sites…
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Copper experiences continuous gain as Chinese demand offsets U.S. pressure
Copper prices are heading for an 11th weekly gain in the past 12 weeks, trading around $14,460 a tonne as stronger Chinese demand and signs of tightening supply offset pressure from a more hawkish U.S. Federal Reserve. According to Access Bank Group, the latest gains…
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World Bank awaits Zambian govt’s nod for proposed $102 million forestry programme
The World Bank is ready to begin preparing a proposed $102 million programme to develop Zambia’s plantation forestry sector, subject to a formal request from the government, the Ministry of Green Economy and Environment said. The proposed Lobito Plantation Forest Economy Programme aims to promote…
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KCM, China NERIN strike $498 million deal to build copper tailings leach plant
Konkola Copper Mines (KCM) has awarded China NERIN Engineering Company Ltd a US$498 million contract to build a 70,000-tonne-per-year tailings leach plant in Chingola, the mining company said on Wednesday. The plant will recover copper from existing tailings and is expected to support mine’s production…
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Zambia’s energy regulator approves licences, permits tied to K1 billion investment
Zambia’s Energy Regulation Board (ERB) has approved 33 licence applications, three construction permits and various licence amendments representing an investment commitment of about 1.0 billion Kwacha ($50.9 million), the regulator said on Wednesday. The approvals were granted at the ERB Licensing Committee meeting held on…
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Zambia extends tax amnesty to boost compliance, revenue as ZRA pays K21.2bn in VAT refunds
Zambia has launched an extended tax amnesty offering eligible taxpayers relief from penalties and interest as the government seeks to improve compliance and strengthen domestic revenue mobilisation. The Extended Voluntary Disclosure Programme, running from Sept. 17 to Dec. 31, 2026, allows eligible taxpayers to voluntarily…
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Landlords Urged to Declare Rental Income to ZRA
The Zambia Revenue Authority (ZRA) has urged landlords to declare their rental income and comply...
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Landlords Urged to Declare Rental Income to ZRA
The Zambia Revenue Authority (ZRA) has urged landlords to declare their rental income and comply with tax obligations. ZRA Commissioner General Dingani Banda says rental income remains highly under-declared, with a previous 2018 assessment showing that only five percent of rented properties were registered for…
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FQM Founder Shareholder KWALELA LAMASWALA Dies
One of the founder shareholders of First Quantum Minerals and Chairperson of...
