Business

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 – 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

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