Zambia Monitor
Business, governance and policy reporting.
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Business
Zambia’s apex bank introduces 20-year govt bond to deepen domestic capital market
The Bank of Zambia (BoZ) has introduced a 20-year government bond as part of efforts to develop longer-dated financial instruments and deepen the domestic capital market. According to a public notice issued on Thursday, the new bond will form part of Zambia’s benchmark bonds and…
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Education
Nursing Council records 63% pass rate in June exams, up from 42%
The Nursing and Midwifery Council of Zambia (NMCZ) recorded an overall pass rate of 63% in the June 2026 Competence and Licensure Examinations, up from 42% in the December 2025 session. NMCZ Registrar and Chief Executive Officer, Beauty Siansende-Zimba, said 10,229 candidates sat the June…
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Business
Optimism ahead, as banks reportedly set to cut lending rates
Commercial banks are expected to lower lending rates by about 250 basis points following the Bank of Zambia’s decision to cut the Monetary Policy Rate (MPR) from 13.25 percent to 10.75 percent. The rate reduction, announced on Wednesday, is expected to reduce borrowing costs for…
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Sport
Senegal, Morocco to know fate October 8 over appeal on AFCON final
The long-running dispute involving the Senegalese Football Federation (FSF), the Confederation of African Football (CAF) and the Royal Moroccan Football Federation (FRMF) is set to take a significant step forward next month after the Court of Arbitration for Sport (CAS) confirmed a hearing date for…
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Africa & World
Controversial Zimbabwe businessman Chivayo, wife die in plane crash. 13 things to remember about him
Zimbabwean billionaire, Wicknell Chivayo and his wife, Lucy Muteke, have died after a private helicopter they were traveling in crashed in eastern Zimbabwe on Wednesday. Family spokesman Herbert Chivayo said the couple was traveling with four others when the helicopter crashed in Marondera, the capital…
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Lifestyle
Zambian govt faults Catholic bishops on ethnic manipulation claims
Zambian government has challenged the Zambia Conference of Catholic Bishops (ZCCB) to provide evidence and a clear comparative basis for claims of increasing ethnic manipulation, rejecting suggestions of growing tribalism in the country. The ZCCB had raised concerns about political polarisation, democratic space, elections and…
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Business
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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Business
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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Business
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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Africa & World
Pilot arrested after alleged bid to crash Flydubai plane
A pilot on a Flydubai flight bound for Israel allegedly stabbed a fellow pilot and appeared to attempt to crash the aircraft before being overpowered by passengers and crew, the BBC has reported, citing Israeli Prime Minister Benjamin Netanyahu. The aircraft, travelling from Dubai to…
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Lifestyle
Catholic bishops fear Zambia in the grip of tribal politics, other societal ills; call for dialogue, reconciliation
The Zambia Conference of Catholic Bishops (ZCCB) has raised concern over the manipulation of ethnic identities and tribal sentiments for political purposes, warning that such tendencies risked creating divisions and mistrust among Zambians. In a pastoral statement on the state of the nation, the bishops…
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Crime & Courts
Musamba urges police to remain professional, impartial
Inspector General of Police, Graphel Musamba, has urged police officers to remain professional, impartial and disciplined following the 2026 General Elections, saying the Service’s responsibility to protect citizens continues beyond the electoral period. Musamba said the conclusion of the elections should allow the Zambia Police…
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Health
Govt declares cholera outbreak in Zambia after 304 cases, 11 deaths
Government has officially declared a cholera outbreak in Zambia after 304 cases and 11 deaths were recorded across seven districts in five provinces. Acting Minister of Health, Dr Gilbert Siame, announced the outbreak on Wednesday in a statement, saying authorities had intensified response measures to…
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Business
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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Business
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
Zambia trapped in cycle of revenge politics, needs reset —Kateka
New heritage Party president, Chishala Kateka, has warned that the bad precedent set by ruling political parties when in power has trapped Zambia in a cycle of retribution, pushing the country towards becoming a failed state. In a statement issued in Lusaka titled “The Effects…
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Sport
Man City in trouble, found guilty of ‘sham’ contracts, misleading accounts
Manchester City arranged “sham contracts” with a number of commercial partners as part of a scheme to disguise secret funding of more than £830m, the Premier League says. The League confirmed that City have been found guilty of all charges related to breaches of Premier…
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Sport
Chipolopolo beat Togo 2-0 to revive 2027 AFCON qualifying campaign
The Zambia National Team, the Chipolopolo, have bounced back in style in the 2027 Africa Cup of Nations qualifiers after defeating Togo 2-0 at Levy Mwanawasa Stadium in Ndola on Tuesday evening. After suffering a 3-1 defeat to Algeria in their opening Group I fixture…
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Business
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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Sport
Ghana, Nigeria and Cape Verde crash in AFCON qualifying
Former champions Ghana and Nigeria as well as World Cup surprise packages Cape Verde were beaten on Tuesday in shock-riddled 2027 Africa Cup of Nations qualifying. Ghana led by two goals before conceding twice in each half in Accra to lose 4-2 against Gambia, two…
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Zambia
HM the King of Morocco appoints Fatima Ezzahra El Mansouri as head of government, entrusts her with forming new govt
His Majesty the King of Morocco Mohammed VI received on Tuesday 29 September 2026 at the Royal Palace in Rabat, Fatima Ezzahra El Mansouri, coordinator of the collective leadership of the Authenticity and Modernity Party, whom the Sovereign appointed as Head of government and entrusted…
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Crime & Courts
Archbishop Banda ends night in custody after completing K80,000 bail conditions
Lusaka Archbishop Alick Banda walked out of Lusaka Central Correctional Facility, popularly known as Chimbokaila, on Tuesday afternoon after completing his bail formalities, ending a night in custody following his arrest over a vehicle allegedly linked to the Zambia Revenue Authority (ZRA). Dr Banda, 62…
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Zambia
62 Ethiopians apprehended in Zambia as 50 found hiding in truck trailer
Zambia’s Department of Immigration has apprehended 62 Ethiopian nationals in two separate incidents in Central and Eastern provinces, with one Ethiopian national dying in a road traffic accident, the department said. Immigration officers in Kabwe on September 28, 2026 apprehended 50 Ethiopian nationals following reports…
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Business
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…
