Lusaka – A Zambia Revenue Authority (ZRA) employee accused of facilitating the transfer of a government vehicle to Archbishop Alick Banda has denied the allegation, saying he was a victim of internal fraud, according to News Diggers. Mulopa Kaunda told News Diggers that he has never owned, sold, or even seen the vehicle ZRA claims…
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…
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…
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…
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…
….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…
The Government has reiterated that the National Budget only becomes actionable after Parliament grants legal authority to spend public funds through the Appropriation Act, underscoring the central role of parliamentary oversight in Zambia’s public financial management system. Each year, the Government presents the National Budget to outline how revenue will be raised and allocated to…
LONDON, Monday — International energy markets were mixed on Monday, with crude oil sliding further as geopolitical de-escalation and concerns about global demand continued to weigh on sentiment. Gas markets moved in divergent directions, while refined fuels and industrial energy commodities showed pockets of resilience. Crude Oil Under Pressure WTI crude oil fell slightly to…
