Business
Economy, mining, kwacha, markets and enterprise.
639 stories
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Petrol, diesel prices hit record highs as ERB hikes prices by over K6
The Energy Regulation Board (ERB) has announced increases of more than K6 per litre in the prices of petrol and diesel, citing higher international oil prices, geopolitical tensions in the Middle East and the reinstatement of excise duty. The price of petrol for October 2026…
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Mukandila to face trial October 13 after denying signature forgery in ZRIMS Farm shares case
Tonse/Pamodzi Alliance Secretary General, Celestin Mukandila, has denied forging a businessman’s signature and uttering documents allegedly used in the surrender of shares in ZRIMS Farm Limited. Mukandila, who is also a lawyer, pleaded not guilty to two counts of forgery and two counts of uttering…
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Lagos to host Africa’s creative industries gathering in November
Lagos will host thousands of creatives, investors, policymakers, financiers and buyers from Africa and the diaspora in November for the Creative Africa Nexus Weekend (CANEX WKND), as the continent seeks to expand trade and investment in its creative industries. The four-day event, organised by the…
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Zambia Seeks More British Investment
Finance and National Planning Minister, SITUMBEKO MUSOKOTWANE, says Zambia is seeking to...
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Borrowing Costs Begin to Ease
Kalyalya says lower inflation cuts benchmark rate to 10.75%, with loan rates expected to fall...
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Microfin firms crucial to SMEs
Microfinance institutions are stepping in to fill the funding gap for entrepreneurs, offering speed and accessibility that traditional banks often cannot match. However, high interest rates and mismatched loan terms threaten to undermine the very businesses they aim to support.
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BOZ Cuts Monetary Policy Rate by 2.5 Percent
Bank of Zambia Governor Dr. Denny Kalyalya has announced a 250-basis-point (2.5 %) reduction in...
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More investments in alternative energy needed ahead of El NiñoTOURISM
Zambia is accelerating private investment in solar and coal power to diversify its energy mix and avert an anticipated El Niño-induced drought, as the country races to meet a 1,000 MW solar target by late 2026.
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BOZ Cuts Monetary Policy Rate by 2.5 Percent
Bank of Zambia Governor Dr. Denny Kalyalya has announced a 250-basis-point (2.5 %) reduction in the Monetary Policy Rate to 10.75 percent from 13.25 percent in the previous quarter. Dr. Kalyalya has announced the decision during the second quarter Monetary Policy Rate announcement and press…
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Zambia Signs Us$2 Billion Medical City Mou as ZDA Partners with Uae Investor
Zambia has signed six Memoranda of Understanding (MoUs) with the United Arab Emirates (UAE), worth...
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Govt Starts Talks with IMF for Another Funding Programme
The government has started discussions with the International Monetary Fund—IMF—on a successor programme under the...
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Zambia Signs Us$2 Billion Medical City Mou as ZDA Partners with Uae Investor
Zambia has signed six Memoranda of Understanding (MoUs) with the United Arab Emirates (UAE), worth a total of US$2.14 billion, to support investment across various sectors of the economy. Among the agreements is a US$2 billion MoU between the Ministry of Health and DIHAD Sustainable…
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Govt Starts Talks with IMF for Another Funding Programme
The government has started discussions with the International Monetary Fund—IMF—on a successor programme under the Extended Credit Facility. The discussions are aimed at building on macroeconomic stability achieved under the previous programme while supporting investment, exports, economic diversification, and job creation. IMF Mission Chief Edward…
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MPR Cut to 10.25%
The Bank of Zambia has cut the Monetary Policy Rate by 2.5...
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Bank of Zambia cuts policy rate to 13.25% as inflation remains anchored within target band
The Bank of Zambia Monetary Policy Committee has adjusted the Monetary Policy Rate downwards to 13.25 percent, citing a favourable inflation outlook and the need to better align the policy stance with inflation at 6.1 percent. Bank of Zambia Governor, Dr. Denny Kalyalya, said projections…
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ITC, Access Bank partner to support small businesses across 14 African countries
The International Trade Centre (ITC) and Access Bank have entered into a three-year partnership to support small and medium-sized enterprises across 14 African countries, including Zambia, through improved access to finance, business skills and markets. The partnership, formalised through a memorandum of understanding, brings together…
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Zambia inks $2.14bn deals in UAE
Zambia has signed six investment agreements worth US$2.14 billion with United Arab Emirates investors, covering healthcare, renewable energy, logistics, technology and biotechnology, including a US$2 billion medical city planned for Lusaka.
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Zambia begins talks with IMF on new economic programme
Zambia and the International Monetary Fund (IMF) have opened discussions on a new programme aimed at maintaining economic stability while placing greater emphasis on investment, exports, economic diversification and job creation. An IMF mission led by Mission Chief Edward Gemayel is in Lusaka for talks…
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Copper prices booms to above $14,600/ton, why is the Kwacha not coming down to below K15/Dollar?
An economic analyst has raised concerns over
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Zambia Seals $2.1Bn Investment Agreements Abu Dhabi
Zambia has signed investment agreements worth more than 2.1 billion United States...
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2026 CDF loans suspended
The 2026 CDF loan empowerment component has been suspended over low repayment rates, with the Government focusing on recovering funds already disbursed to beneficiaries.
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Mercuria, Exergy Energy Sign Us$250 Million Power Investment Deal
Energy and commodities group Mercuria and Africa-focused integrated energy company Exergy Energy have signed a...
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Zambia, UAE sign $2.14 billion agreement to boost trade, investment
Zambia and the United Arab Emirates (UAE) have signed a Comprehensive Partnership Agreement worth US$2.14 billion to be implemented across various sectors of the economy. President Hakainde Hichilema, who attended the Zambia-UAE Business Forum in Abu Dhabi on Tuesday where the agreements were signed, expressed…
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Food agency claims 2 million tonnes maize purchased in 2026 crop marketing exercise
The Food Reserve Agency (FRA) has announced that it will on Wednesday, September, 30, 2026 close the 2026 crop marketing exercise after reportedly purchasing an over two million metric tonnes of maize. The Agency opened the crop marketing exercise on July, 29, 2026 with a…
