Bank of Zambia
Monetary policy, the policy rate and the central bank.
43 stories
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Business
Investors overshoot the Govt T-Bill target by K1. 4m
According to the Bank of Zambia Treasury
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Business
Cheaper Credit, Costlier Fuel
CSPR says fuel price increases could weaken the benefits of the Bank of Zambia’s MPR...
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Business
Banks Urged to Balance AI with Human Judgement
The Bank of Zambia says the country has made significant progress in...
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Business
BOZ Introduces 20-Year Government Bond
The Bank of Zambia has introduced a 20-year Government bond, extending the range of maturities...
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Business
Afreximbank names Olowononi to lead Southern Africa operations
African Export-Import Bank (Afreximbank) has appointed, Peter Adeshola Olowononi, to lead its Southern Africa operations, including Zambia, as the lender seeks to deepen trade, investment and regional integration across the region. The bank said on Monday that Olowononi had been appointed Director of Regional Operations…
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Business
What Are Foreign Exchange (Forex) Reserves? By Prof Lubinda Haabazoka
Foreign exchange reserves are the **savings a country keeps in foreign currencies and other internationally accepted assets**. They are usually held by a country’s central bank, such as the Bank of Zambia. Think of forex reserves as a **national emergency fund**. Just as a family…
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Business
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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Business
Treasury bill auction under subscribed, as K1.73 billion subscribed against securities worth K2.2 billion
Last week’s Treasury bill auction was under-subscribed after the government attracted bids worth K1.73 billion against securities worth K2.2 billion offered to investors. According to Bank of Zambia (BoZ) results for Treasury Bill Tender Number 16/2026 held on Thursday, August 20, 2026, the central bank…
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Business
Zambia eyes Yuan loans, currency swap deal with China
Zambia is exploring borrowing in Chinese yuan and negotiating a possible currency swap agreement with China as it seeks to deepen financial cooperation and reduce exposure to foreign exchange costs. Bank of Zambia (BoZ) Governor, Denny Kalyalya, said the discussions formed part of broader efforts…
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Business
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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Business
Foreign Exchange Reserves and Their Importance for a Country: The Case of Zambia
Analysis By Professor Lubinda Haabazoka Foreign exchange reserves (often called forex reserves) are one of the most important indicators of a country’s financial strength and external stability. They represent the stock of foreign currency assets held by a country’s central bank to support its currency…
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Business
Investors favour medium-term bonds as Zambia yields fall
Government raised K5.83 billion from last week’s Treasury bond auction as investors maintained strong demand for government securities, particularly medium-term maturities. According to Access Bank market commentary, the September 25 auction attracted bids worth K8.63 billion, translating into an overall bid-to-cover ratio of 1.48 times…
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Business
Stanbic, civic group partner to expand financial access for women entrepreneurs
Stanbic Bank Zambia and development organisation CARE Zambia have signed a memorandum of understanding to help women entrepreneurs, savings groups and underserved communities access formal banking services and financial skills, the organisations said on Monday. The partnership will support CARE beneficiaries and community groups to…
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Opinion
US credit reopening, AGOA extension shows confidence in HH’s renewed mandate
The reopening of US EXIM Bank credit and insurance facilities for Zambia’s private sector, alongside the extension of AGOA to 2028, presents new opportunities for businesses to expand, create jobs and increase the country’s production and exports.
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Business
BOZ Introduces 20-Year Government Bond
The Bank of Zambia has introduced a 20-year Government bond, extending the range of maturities available in the Government securities market. The new bond will form part of the benchmark bonds and is aimed at facilitating the development and growth of longer-dated financial instruments in…
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Business
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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Zambia
Stanbic’s Helen Lubamba wins Energy Finance Trailblazer Award
Stanbic Bank Zambia Head Corporate & Investment Banking, Helen Lubamba, has been awarded the Energy Finance Trailblazer Award in recognition of her leadership in energy finance and contribution to structuring and facilitating transformative investments in the energy sector. Lubamba received the award during the 2026…
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Sport
2026 Kenneth Kaunda Day Marathon gets over K3 million boost from sponsors
THE 2026 Kenneth Kaunda Day Marathon has received a major boost, with Professional Insurance Corporation Zambia (PICZ) and Stanbic Bank committing a combined total of over K3 million in separate sponsorships for the event. On April 28, thousands of runners are expected to gather in…
