Lusaka The Industrial Development Corporation (IDC) has praised Mulungushi International Conference Centre Limited (MICCL) for declaring its second successive dividend, describing the milestone as a testament to teamwork, discipline, and sustained effort. IDC Chief Executive Officer, Mr Cornwell Muleya, made the remarks during the official presentation of a dividend cheque amounting to ZMW 15,358,304.50 by…
Absa Bank Zambia has reaffirmed its commitment to community upliftment by extending support to vulnerable children at Kasisi Orphanage through a donation of essential supplies during the festive season. In a gesture driven by compassion and shared responsibility, Absa Bank Zambia’s Risk Department, working in partnership with the Project Management Institute (PMI), donated clothing, beddings…
Zambia’s domestic debt continued its upward trajectory in the third quarter of 2025, with the stock of debt contracted through Government securities rising to K252.8 billion, reflecting increased reliance on the domestic market to finance the budget deficit. According to the latest Debt Statistical Bulletin, domestic debt increased by 4.16 percent to K252,801.01 million (US$10,604.87…
Zambia’s public sector external debt continued to edge upward in the third quarter of 2025, with the Central Government’s external debt stock rising to US$16.04 billion, reflecting sustained reliance on multilateral financing amid ongoing debt restructuring efforts. According to the Debt Statistical Bulletin for the third quarter of 2025, Central Government external debt increased by…
The Treasury collected K40.49 billion in total revenue and grants by the end of the third quarter, falling short of the K44.79 billion target and resulting in an under collection of 9.61 percent, according to the latest fiscal data from the Ministry of Finance. Of the total collections, tax revenue accounted for K31.97 billion, while…
Zambia’s private sector significantly reduced its exposure to foreign debt in 2025, with external borrowings falling by more than US$700 million, signalling a cautious shift by businesses amid tighter global financing conditions and elevated domestic interest rates. According to the Debt Statistical Bulletin for the third quarter of 2025 released by the Ministry of Finance…
The Lusaka Securities Exchange (LuSE) closed the week under pressure, with the market retreating as losses in several actively traded counters outweighed gains, despite continued participation by investors. Trading in Kwacha-denominated securities was robust, with 380 trades recorded during the session. A total of 771,420 shares were exchanged, resulting in a turnover of K14.73 million….
….to strengthen coverage and improve service reliability Lusaka… Monday December 15, 2025 Airtel Zambia has announced a major US$107 million nationwide network expansion programme aimed at improving coverage, enhancing service reliability and supporting the country’s growing demand for digital connectivity. The investment, the largest in a single year, will fund the rollout of 406 new…
Lusaka, December 15, 2025 The Constitution of Zambia Amendment Bill No. 7 of 2025 has successfully passed its second reading in Parliament, with 131 Members of Parliament voting in favor. The development marks a significant step forward in the legislative process for the proposed changes to the country’s supreme law. The bill, which seeks to…
Lusaka, December 15, 2025 Zambia is confronting mounting employment challenges as the national unemployment rate increased to 12.9% in 2024, up from 12% in 2023, according to the Central Statistical Office of Zambia. This upward trend highlights the persistent struggle to generate sufficient jobs for a growing labor force of 19.7 million people. Youth unemployment…
