Global oil prices rebounded sharply on Monday, with crude oil leading gains across commodity markets as investors reacted to escalating geopolitical risks and shifting demand expectations. West Texas Intermediate (WTI) crude oil futures climbed more than 2 percent to trade above 58 dollars per barrel, recovering from losses recorded in the previous session. Brent crude…
The Zambian kwacha ended today’s trading session firmer against the United States dollar, emerging as the day’s clear winner on the foreign exchange market as most commercial banks quoted lower dollar buying and selling rates by the close. Market data from commercial banks showed the average interbank buying rate easing to K22.23 per dollar at…
Lusaka – Zambian equities closed last week on a firmer footing, with the LuSE All Share Index eking out modest gains amid selective buying in heavyweight counters and steady turnover concentrated in a handful of names. The benchmark LASI rose 0.06% to 25,706.32 points in the latest session, extending a cautiously positive tone that characterized…
Lusaka President Hakainde Hichilema has been named among the world’s best-performing leaders of 2025 by The Telegraph, a recognition that underscores Zambia’s rapid economic recovery after years of crisis marked by debt distress, pandemic shocks and climate-related disruptions. The accolade comes just days before the close of the year, capping a period in which Zambia…
Lusaka, Tuesday, December 23, 2025 – Zambia’s money market recorded a steady performance yesterday, with the Kwacha maintaining a narrow trading range against the US dollar across major commercial banks, reflecting balanced foreign exchange demand and supply conditions. According to daily commercial bank exchange rate data for December 22, 2025, interbank buying rates largely hovered…
Lusaka, Zambia – European equities closed higher on Friday, December 19, 2025, with the STOXX 50 rising 0.6% and the broader STOXX 600 up 0.4% to a fresh record. The rally was driven by expectations of further U.S. Federal Reserve rate cuts next year and declining bets that the European Central Bank (ECB) will raise…
Lusaka, Zambia – The World Bank has unveiled a USD 200 million Clean Cooking Outcome Bond aimed at expanding access to clean cooking technologies in Africa, highlighting the urgent need to reduce reliance on traditional biomass fuels such as wood and charcoal. More than two billion people globally, many of them in Sub-Saharan Africa, still…
Construction of Phase Two of the Maamba Energy Thermal Power Plant has reached 60 percent completion, marking a significant milestone in Zambia’s efforts to boost electricity generation and address ongoing power deficits. Maamba Energy Limited Chief Executive Officer, Cyrus Minwalla, confirmed that a critical boiler machine has already been installed, with further installations underway to…
Zambia’s economy expanded by 5.2 percent in the second quarter of 2025, signaling a robust recovery driven largely by agriculture and the information and communications technology (ICT) sectors, according to the latest economic data. The growth, which surpasses the performance of the previous quarter, underscores the resilience of key sectors despite broader challenges in the…
The Zambian Kwacha has maintained a relatively stable performance against the US dollar, with the interbank rate averaging between ZMW 22.46 and ZMW 22.64 per USD over the course of 19 December 2025, according to market data from leading banks. Retail rates for the dollar hovered around ZMW 22.79 to ZMW 22.86, reflecting minor intra…
