Business
Economy, mining, kwacha, markets and enterprise.
630 stories
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Govt calls for prudent management of SOEs as ZCCM-IH pays K31.2 million dividend
The Zambian government has urged State-Owned Enterprises (SOEs) to uphold good corporate governance and sound financial management to ensure public investments generate sustainable returns. Ministry of Finance and National Planning Permanent Secretary for Economic Management and Investments, Mulele Mulele, said prudent management of public investments…
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Zambia seeks wider rollout of emissions reduction projects beyond Muchinga
Zambia has urged the World Bank Group to consider extending emissions reduction programmes to other provinces under the proposed additional financing for the Transforming Landscapes for Resilience and Development (TRALARD II) project. Ministry of Green Economy and Environment Permanent Secretary, Dr. Douty Chibamba, said expanding…
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CFAO unveils 9th Gen Hilux
CFAO Mobility Zambia has launched the ninth-generation Toyota Hilux, saying the new model reaffirms its commitment to innovation and world-class mobility solutions. Secretary to Cabinet Patrick Kangwa has commended the company, noting the vehicle's importance to key sectors such as agriculture, construction and SMEs.
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Zam Welcomes Grow Zambia Agenda’s Focus on Manufacturing
The Zambia Association of Manufacturers (ZAM) welcomes the Grow Zambia Agenda’s focus on the inclusion of the manufacturing sector in the next five years. In a statement, ZAM President Muhammad Umar says President Hakainde Hichilema’s speech in Parliament on 9 October has been welcomed by…
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Kitwe Bus Station Upgrade Gets Us$1 Million
Government has pumped over 1 million United States Dollars into the upgrade of the Kitwe Main Bus Station, a project expected to be completed within 12 months. The funds have been secured through the Zambia Devolution Support Programme (ZDSP) under the World Bank to transform…
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ZCCM-Ih Dividend Falls by K346 Million
ZCCM Investments Holdings has reduced its dividend payout by K346 million to approximately K183 million for the 2025 financial year, from K529 million paid for 2024, representing a decline of about 65.4 percent. Despite the lower payout, the mining investment company recorded a 40 percent…
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Zambia targets fresh financing, investment at IMF-World Bank meetings
Zambia is seeking to mobilise development financing, attract productive investment and strengthen international partnerships at the 2026 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group, which opened in Bangkok, Thailand, on Monday. Finance and National Planning Minister, Situmbeko Musokotwane, is leading…
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Kwacha maintains stability as dollar supply meets demand
The Zambian Kwacha remained stable against the United States dollar on Friday, as foreign exchange supply matched demand on the market, according to ABSA Bank Zambia. The bank said the local currency traded at K19.8500 and K19.9000 against the dollar on the interbank market throughout…
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Plan with El Niño in mind – Chilengi
Minister says health sector should factor in floods, droughts FUMBE CHANDA Lusaka MINISTER of Health Roma Chilengi says health planning for 2027 should take into account potential floods and droughts associated with El Niño, which can disrupt service delivery. Meanwhile, Minister of Green Economy and…
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Egg supply to hit 78m trays
PAZ expects small, medium producers to drive 4% sector growth TRYNESS TEMBO Lusaka POULTRY Association of Zambia (PAZ) expects a four percent growth for the sector with the industry poised to supply over 78 million trays of eggs, up from 75 million last year. The…
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Machungwa: Bankable PPPs key to closing Africa’s energy infrastructure gap
Nkandu Machungwa, Vice President for Energy, Infrastructure and Real Estate Finance at Stanbic Bank, has called for well-structured public-private partnerships (PPPs) to attract private capital into energy and infrastructure projects across Africa. Machungwa said bankable PPPs required clearly identifiable revenue streams, appropriate risk allocation and…
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Treasury releases K14.6bn
Govt prioritises debt servicing, social protection, public service delivery CHOMBA MUSIKA Lusaka GOVERNMENT says it will maintain fiscal discipline as it prepares the 2027 national budget, with spending commitments focused on delivering tangible improvements in citizens’ welfare. And the Treasury released K14.6 billion in September…
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Treasury Releases K14.6 Billion in September
The Government released 14.6 billion kwacha in September to support public service...
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Debt servicing gulps K5.4bn as Zambia spends K14.6bn in September
Zambia released K5.4 billion towards debt servicing and the clearance of domestic arrears in September 2026, out of total government budget releases of K14.6 billion for the month, Finance and National Planning Minister Situmbeko Musokotwane said on Sunday. Of the amount, K4.1 billion went towards…
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Zambia Steps Up Efforts to Boost Beef Exports
The Ministry of Fisheries and Livestock says it will step up efforts...
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Zambia queues up for $1.47bn IMF loan, as Hichilema outlines ambitious 5-yr economic agenda. See our top 10 stories of the week
In case you missed it. Here are the top 10 stories of the week. 1. The International Monetary Fund (IMF) has reached a staff-level agreement with Zambia on a new 36-month, US$1.472 billion lending programme aimed at supporting balance of payments needs, budget financing and…
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Cspr Warns IMF Deal Must Not Deepen Household Poverty
Civil society body raises concern over K212.2 billion debt servicing burden, urges protection of social...
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IMF Grants Zambia $1.5Bn In New Financing Deal
ZAMBIA is expected to access about 1.5 billion United States dollars over...
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IMF reaches staff-level agreement on new $1.47 billion programme for Zambia
The International Monetary Fund (IMF) has reached a staff-level agreement with Zambia on a new 36-month, US$1.472 billion lending programme aimed at supporting balance of payments needs, budget financing and economic stability. The proposed arrangement under the Extended Credit Facility (ECF), equivalent to 1.076 billion…
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Zambia urges World Bank to fast-track green investments along Lobito Corridor
Zambia has urged the World Bank Group to accelerate green investments along the Lobito Corridor and strengthen climate preparedness as the country braces for an anticipated El Niño event. Minister of Green Economy and Environment, Gilbert Siame, said on Friday that the corridor presented a…
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Zambia’s copper ambitions hinge on reliable power —Chilengi
Zambia’s target of producing three million tonnes of copper annually by 2031 will require significant investment in the energy sector, acting Ministry of Mines and Minerals Development Permanent Secretary, Anthony Chilengi, has said. Chilengi said the mining and energy sectors must develop hand-in-hand, as increased…
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New African credit agency seeks to deepen continent’s capital markets
The launch of the Africa Credit Rating Agency (AfCRA) could help deepen African capital markets and improve access to financing by providing investors with independent assessments of the creditworthiness of governments, companies and institutions, the African Export-Import Bank (Afreximbank) said on Thursday. Credit ratings play…
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Zambia probes country’s possible link to seizure of 446 elephant tusks in Thailand
The government says the Department of National Parks and Wildlife (DNPW) is working with Thai authorities to establish the origin and circumstances surrounding the reported seizure of 446 elephant tusks concealed in timber logs. Ministry of Tourism Permanent Secretary, Evans Muhanga, said the tusks were…
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Cost of Living Eases as Basket Falls to K11,399
The cost of meeting basic household needs in Lusaka has eased, with the Jesuit Centre for Theological Reflection’s Basic Needs and Nutrition Basket for a family of five falling by more than six hundred Kwacha in September. The basket stood at ZMW 11,399.64, down from…
