Zambia has strengthened its voice within the United Nations after its Permanent Representative, Dr. Chola Milambo, was elected Vice President of the Executive Board overseeing UNDP, UNFPA and UNOPS. The appointment followed a unified endorsement by the Africa Group, which backed Zambia’s candidature during consultations at UN Headquarters in New York, signaling regional confidence in…
U.S. President Donald Trump has directed all federal departments and agencies to initiate withdrawal from dozens of United Nations linked and other international organisations, marking a significant recalibration of Washington’s multilateral engagement. In a memorandum issued by the White House, President Trump stated that continued membership and financial support for more than 60 international bodies…
Zambia has confirmed it will not seek an extension of its current International Monetary Fund (IMF) supported Extended Credit Facility (ECF), choosing instead to bring the programme to an orderly close and immediately begin negotiations on a new, full-term successor arrangement anchored on economic growth, investment and job creation. Finance and National Planning Minister Dr….
Zambia is set to benefit from renewed Chinese interest in its transport and energy infrastructure, following a high level visit by executives from China Railway Construction Company and China Civil Engineering Construction Corporation to Kapiri Mposhi. The delegation is assessing the feasibility of developing a modern dry port in the area, a project intended to…
The Zambian kwacha has emerged as the world’s best performing currency, extending a strong rally that has gathered momentum since late 2025, supported by favorable global commodity dynamics and key domestic policy developments. On January 7, 2026, the USD/ZMW exchange rate fell to 19.9900, representing a 4.47 percent drop in a single trading session. Over…
The Zambian kwacha continued to firm on Tuesday, with intraday exchange-rate data from commercial banks showing a gradual strengthening against the US dollar, underpinned by improved foreign currency supply and easing demand pressures. According to Daily Commercial Banks Exchange Rates for 06 January 2026, the market-average interbank selling rate eased from about K21.05 per dollar…
Lusaka Zambia’s decision to allow a portion of mining tax payments to be made in the Chinese yuan is a calculated fiscal strategy designed to lower the cost of servicing its debt to China, Finance and National Planning Minister Dr Situmbeko Musokotwane has said, as the country deepens financial pragmatism in its long standing economic…
Lusaka – The Zambian kwacha could extend its recent rally and strengthen to about K15 per U.S. dollar this year, buoyed by higher output in mining and agriculture and a surge in foreign currency inflows, according to economist Naylor Kopakopa. In an interview with Phoenix News, Mr. Kopakopa said the currency’s rebound is being underpinned…
Lusaka -Zambia has become the first country in Africa to allow mining companies to pay statutory taxes and royalties in the Chinese Yuan, a move prominent economist Dr. Lubinda Haabazoka has described as “a pragmatic and forward looking economic policy shift with far-reaching implications.” In an analysis released this Morning, Dr. Haabazoka said the decision…
Zambia has begun receiving mining tax payments in the Chinese yuan, marking a notable change in the settlement of mineral revenues and the management of foreign exchange flows, the Bank of Zambia has announced. The central bank explained that since 2018, major mining companies have been settling mining taxes through the sale of United States…
