Business
Economy, mining, kwacha, markets and enterprise.
217 stories
-
HH directs Mopani, KCM to prioritise youth contracts
PRESIDENT Hakainde Hichilema has directed Mopani Copper Mines (MCM) and Konkola Copper Mines (KCM) to award more contracts to Zambian youths, saying empowering young people through business opportunities is central to the government’s economic agenda. Addressing a campaign rally in Mufulira, President…
-
KCM pledges continuity in cultural preservation investment
KONKOLA Copper Mines (KCM) has reaffirmed its long-term commitment to supporting communities in Shibuyunji through continued investment in cultural preservation and community development. KCM Chief Executive Officer Malcolm Mawet says the mining company is proud to sponsor the Ikubi Lyaalongo Traditional Ceremony…
-
EIZ sees investor boost from global recognition
ZAMBIA’S efforts to attract more investment into mining, transport infrastructure, energy, agriculture and water development are expected to receive a boost following the country’s admission as a provisional signatory to the Washington Accord, the Engineering Institution of Zambia (EIZ) has said. Speaking…
-
BoZ Cuts Reserve Requirements: What Does This Mean for You? By Prof. Lubinda Haabazoka
The Bank of Zambia (BoZ) has reduced the Statutory Reserve Ratio (SRR) on Kwacha deposits from 26% to 21%, effective 3 August 2026. At first glance, this sounds like technical banking language, but it is actually one of the most important monetary policy decisions made…
-
World Bank urges reforms to unlock private sector growth
THE World Bank has urged governments to accelerate reforms that strengthen the private sector, saying competitive businesses will be critical to creating jobs, attracting investment and raising living standards as developing economies grapple with a rapidly expanding workforce. In its latest weekly…
-
Hichilema urges businesses to pass on gains of economic recovery to Zambians
PRESIDENT Hakainde Hichilema has called on the business community to pass on the benefits of Zambia’s economic recovery to consumers, saying improvements in key fundamentals have been too slow to reach prices in shops and markets. State House Chief Communications Specialist Clayson Hamasaka, Hichilema cited…
-
ERB cuts fuel prices for August as global oil falls
THE Energy Regulation Board has reduced pump prices for all petroleum products for August 2026, citing lower international oil prices and a weaker Kwacha. In a statement issued Friday, July 31, 2026, ERB Board Chairperson James Banda said the new prices take effect at midnight…
-
U.s. Moves Zambia Visa Processing to South Africa
Routine United States visa applications for Zambians will from 1st August 2026 be processed in South Africa following changes to U.S. visa operations announced by the United States Government. The Ministry of Foreign Affairs and International Cooperation says it has been formally notified by the…
-
Zambia’s annual inflation holds steady at 6.5% in July
ZAMBIA’s annual inflation rate remained unchanged at 6.5% in July 2026, the same level recorded in June, the Zambia Statistics Agency has said. Speaking during the monthly inflation briefing in Lusaka, ZAMSTAT Statistician General Sheila Mudenda said the July rate means that, on average, the…
-
Zambia targets 82% domestic financing for 2026 budget, says Treasury Secretary
ZAMBIA expects 82% of resources supporting the 2026 National Budget to be mobilized domestically through tax and non-tax revenue, up from 55.2% in 2021, Secretary to the Treasury Felix Nkulukusa has said. Nkulukusa said the increase reflects Zambia’s shift from reliance on borrowing and external…
-
Int’l Credit Rating Agency gives Professional Insurance AA rating
JACK ZIMBA Lusaka INTERNATIONAL Credit Rating Agency (ICRA) has awarded an AA rating with a Stable Outlook to Professional Insurance Corporation Zambia (PICZ), recognising the company’s strong financial position, sound corporate governance and ability to meet its obligations to policyholders. Speaking during the presentation of…
-
Stop taxing inputs before production – ZAM
THE Zambia Association of Manufacturers (ZAM) has urged Government to stop taxing manufacturing inputs before production begins, arguing that the current tax regime is driving up factory costs, reducing competitiveness and slowing industrial growth. Speaking during the 2026 Pre-Budget Meeting, ZAM Policy…
-
Stop taxing inputs before production – ZAM
THE Zambia Association of Manufacturers (ZAM) has urged Government to stop taxing manufacturing inputs before production begins, arguing that the current tax regime is driving up factory costs, reducing competitiveness and slowing industrial growth. Speaking during the 2026 Pre-Budget Meeting, ZAM Policy…
-
Sugilite wasn’t stolen – NPA
THE 23 tonnes of sugilite at the centre of Zambia’s high-profile Luapula mining scandal, once estimated by Nkana Member of Parliament Binwell Mpundu to be worth over US$50 million, were lawfully returned to a Syrian-owned construction company whose registered business activities do not include mining…
-
Yango Named Southern Africa’s Most Reliable Ride-Hailing Service Provider
Regional recognition highlights Yango’s commitment to quality, safety, innovation and locally tailored mobility solutions across Southern Africa Lusaka, Zambia [22 July 2026] – Yango Group, the global technology company, has been named the Most Reliable Ride-Hailing Service Provider in Southern Africa at the 2026 Southern…
-
KCM Pledges ZMW 93 Million (US$5 Million) to Transform National Football Development in Zambia
Konkola Copper Mines (KCM) has announced a landmark ZMW 93 million (US$5 million) sponsorship pledge over the next five years with the Football Association of Zambia (FAZ), aimed at strengthening football development across the country. This sponsorship reflects the passion of KCM’s employees and workforce…
-
KCM Pledges K93 Million to Transform National Football
Konkola Copper Mines (KCM) has announced a landmark K93 million sponsorship pledge over the next five years with the Football Association of Zambia (FAZ), aimed at strengthening football development across the country. The announcement follows KCM’s recent sponsorship of the Copper Queens, who are currently…
-
Pensions and Insurance Authority Launches 2026 Pensions Awareness Week
#WATCH #LIVE Mwebantu is LIVE as the Pensions and Insurance Authority (PIA) officially launches 2026 Pensions Awareness Week, an initiative aimed at helping Zambians better understand their pension benefits, make informed retirement decisions, and build a more secure financial future. Let us know where in…
-
CEC Powering Zambia’s Renewable Energy Future and the Journey to 10,000 Megawatts
As Zambia pursues an ambitious target of generating 10,000 megawatts of electricity to power industrial growth, mining expansion and economic transformation, one company is increasingly positioning itself at the centre of the country’s renewable energy revolution. The Copperbelt Energy Corporation (CEC) is…
-
Outsourcing can help fulfil job creation promises, says entrepreneur
GLOBAL entrepreneur JW Oliver Jr. has urged Zambia’s political leaders to leverage the outsourcing industry to deliver on their promises of creating jobs, saying the sector has the potential to generate employment opportunities within a short period. Speaking ahead of the August…
-
From Idea to Action: Practical Business Tips from 1xBet Business School
A business often starts with one clear question: what do people need, and how can I provide it better, faster or more reliably? In Zambia, many business ideas come from everyday needs: food near busy areas, tailoring, phone repairs, delivery, fresh products or services that…
-
BoZ explains delays in Investrust payouts
THE Bank of Zambia (BoZ) says the liquidation of Investrust Bank Plc is being conducted in line with the law, insisting that no creditor or former employee will receive preferential treatment as the central bank works to maximise recoveries from the failed…
-
Access Bank wins women SME award
ACCESS Bank has been named Best SME Bank for Women Entrepreneurs in Africa at the Global SME Banking Innovation Awards 2026. The award, presented by The Digital Banker, recognises the bank’s programmes targeting women-owned small and medium-sized enterprises across its African operations…
-
Govt signs K4.3bn contracts to roll out solar power plants in all 156 constituencies
GOVERNMENT has signed contracts worth over K4.3 billion for the implementation of the Presidential Constituency Energy Initiative, a flagship programme that will see the construction of 2-megawatt solar power plants in each of the country’s 156 constituencies. Speaking during the contract signing…
