Business
Economy, mining, kwacha, markets and enterprise.
642 stories
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Mapping of mineral resources advances
Country geophysical survey now at 93.6 % NKOMBO KACHEMBA Lusaka ZAMBIA is making significant progress in mapping its mineral resources, with the countrywide high resolution geophysical survey now 93.6 percent complete. Ministry of Mines and Minerals Development Acting Permanent Secretary Anthony Chilengi said the survey…
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Zesco $519m solar deal
500MW Copperbelt project to boost power supply MAZOMBWE BANDA, PHILIP CHISALU Lusaka ZESCO Limited and Hungary based climate infrastructure platform Enersynk Group have signed a US$519 million power purchase agreement (PPA) for a 500-megawatt solar photovoltaic project in Copperbelt Province, in a major investment expected…
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IMF congratulates HH
THE International Monetary Fund (IMF) has congratulated President Hakaïnde Hichilema on his re-election and has reaffirmed its commitment to support Zambia. In a congratulatory letter issued in Washington D.C yesterday by IMF managing director Kristalina Georgieva to President Hakaïnde, she pledged to continue rendering assistance…
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FNB launches titled land loans ranging from K50k to K1.5m
The First National Bank Zambia-FNB has launched
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TIZ Report Highlights Governance Risks in Chinese Mining Sector
Transparency International Zambia report on mitigating governance risks associated with Chinese mining in Zambia has highlighted the country’s failure to maximize the benefits from the mining sector, despite the industry generating significant economic value. The report states that much of the value generated is externalized…
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COMESA, Zimbabwe sign agreement to host 25th summit in Harare
The Common Market for Eastern and Southern Africa (COMESA) and Zimbabwe have signed an agreement for Zimbabwe to host the 25th COMESA Summit of Heads of State and Government in Harare from Oct. 19 to 22, 2026. The Hosting Agreement was signed in Harare on…
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‘Ambition doesn’t deliver outcomes,’ Economists urge govt to ensure Grow Zambia benefits households
Economics Association of Zambia (EAZ) has urged the government to ensure its Grow Zambia economic agenda translated into more jobs, higher household incomes and lower poverty rather than being measured mainly by economic growth figures. In a statement issued on Tuesday, EAZ National Secretary, John…
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Inside the Technology Helping Make Yango Rides Safer in Zambia
For many passengers, a ride-hailing journey begins with opening an app, entering a destination and requesting a vehicle. Behind that simple interaction, however, is a wider system of verification, monitoring, feedback and human support designed to help manage safety before, during and after a trip…
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Developers reject 5% commission Agents Cry Foul
A real estate agent has lamented the
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Cotton Sector Needs at Least 50,000 Farmers to Support Textile Revival
Zambia must increase its cotton farmer base to at least 50,000 if the revival of Zambia-China Mulungushi Textiles is to drive a meaningful recovery of the country’s cotton industry, says the Cotton Association of Zambia (CAZ). In an interview with Diamond News, CAZ Executive Director…
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ZCCM-Ih Shareholders Approve K183 Million Dividend
Shareholders of ZCCM Investments Holdings have approved a K183 million final dividend for the year ended December 2025. The dividend of K1.13 per share is the company’s 11th consecutive annual payout since 2015, according to a statement issued by ZCCM-IH Corporate Affairs Manager Loisa Mbatha…
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Global rate hikes put African currencies under renewed pressure —Report
African currencies are facing renewed pressure as higher interest rates in major economies threaten to trigger capital outflows and increase the cost of servicing external debt, according to Access Bank Group. The bank said the pressure was being driven by widening yield differentials and rising…
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Zambia police chief orders officers to crack down on illegal mining
Deputy Inspector General of Police in charge of Operations, Fred Hamaamba, has directed officers deployed to mining areas to step up efforts to combat illegal mining and protect the country’s mineral resources. Hamaamba said police officers had a duty to ensure that national minerals were…
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AfCFTA unveils $5.17 billion digital trade corridor ahead of Accra summit
The African Continental Free Trade Area (AfCFTA) Secretariat has announced a US$5.17 billion Digital Trade Corridor aimed at strengthening digital infrastructure and facilitating intra-African commerce. The announcement comes ahead of the 2026 Elevate Africa Convening, scheduled for October in Accra, Ghana, where African leaders, policymakers…
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MoM happy with local content uptake
Says compliance by mining firms at 90% MELODY MUPETA Kitwe THE Ministry of Mines and Minerals Development says the uptake of local content regulations by companies in the mining industry has been encouraging, with about 90 percent compliance recorded so far. In an interview, Ministry…
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Puma Energy records K97 million in profit
According to the interim financials for Puma
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Unlicensed agents eat into the real estate business
Despite the boom of the real estate
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Zambia has the highest mortgage rate in Africa
According to a check by the Zambian
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Is Zambia’s development too Lusaka-centred?
According to the official government data, Zambia’s
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K1.7BN CEEC loans: Who got the money?
According to the Citizens Economic Empowerment Commission
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ZCCM-IH set to expand business portfolio, targets mining, energy
ZCCM-IH expects to significantly increase its power and copper capacity over the next two years as it advances Maamba Phase II, reopens 28 Shaft at Luanshya and ramps up Mopani Copper Mines towards more than 200,000 tonnes of copper annually. The company told shareholders that…
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Lusaka Province reportedly boosts food security with distribution of wetland inputs to farmers
The Lusaka Provincial Administration has announced the completion of wetland inputs distribution across all six districts in the province, as part of government’s efforts to boost food security. Logic Lukwanda, Principal Public Relations Officer at Lusaka Provincial Administration, said the intervention targeted dry-season and year-round…
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Zambia Sugar sweetens growth agenda
CATHERINE BWALYA Choma ZAMBIA Sugar Plc has committed to making a significant contribution towards the national target of producing one million tonnes of sugar under the Grow Zambia Agenda. Company corporate affairs director Eugene Chungu said the sugar target will also enable the company to…
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Refereeing body admits judgement error over Haaland derby winner
BBC-The Premier League refereeing body Pro Ref has admitted an “error of judgement” in awarding...
