Lusaka — WTI crude oil futures rose to approximately $58.5 per barrel on Monday, following last week’s 3.4% decline, as markets weighed progress in US-brokered Russia-Ukraine peace talks. While some headway has been made, major hurdles remain over territorial and sovereignty issues. Comments from US and Ukrainian leaders suggested cautious optimism, with the possibility that…
Lusaka – The Zambia Chamber of Commerce and Industry (ZACCI) successfully held the 2025 Renaissance Convention and Impact Awards on 21 November 2025 at the Pamodzi Hotel in Lusaka, bringing together senior policymakers, business leaders, and industry stakeholders to celebrate private-sector excellence and chart the next phase of economic transformation. The event was officiated by…
Nairobi, 24 November 2025 — The Common Market for Eastern and Southern Africa (COMESA), in partnership with regional institutions and development partners, has convened a high-level stakeholder validation workshop in Nairobi to refine harmonised ICT policy and regulatory frameworks for the region. The week-long workshop, running from 24–29 November 2025, brings together senior officials from…
Mpulungu, Zambia — Access to clean and safe water in Mpulungu District is set for a major boost as the Lake Tanganyika Development Project (LTDP) undertakes the installation of seven new water tanks across key public facilities. The initiative includes a high-capacity tank at the Mpulungu Bus Station to service the new market currently under…
Mansa, Zambia — The long-awaited Mansa Solar Plant will begin supplying 14 megawatts of electricity to the national grid next month, ZESCO Managing Director Justine Loongo has announced. However, the output remains far below the site’s full 50-megawatt capacity due to delays in completing key transmission infrastructure. Speaking during an inspection of the US$48 million…
Global crude oil prices continued their downward trend, falling from $75 per barrel in June to $58 today, with crude oil futures dropping over 2% to $57.5 a barrel on Friday, the lowest level in a month. The decline follows renewed signals from Ukrainian President Volodymyr Zelenskiy, who indicated readiness to engage in peace talks…
The International Monetary Fund (IMF) has projected Zambia’s real Gross Domestic Product (GDP) to grow by 5.8% in 2025, reflecting renewed economic momentum driven by improved mining output, stabilising macroeconomic conditions, and ongoing structural reforms. The forecast places Zambia among the faster-growing economies in the region, marking a period of strengthened recovery after years of…
Lusaka — The Zambian government has advised the Zambia Revenue Authority (ZRA) against hastily closing businesses that fall behind on tax payments, emphasizing the need for a more supportive and educational approach. Government officials called on ZRA to assist companies in understanding and meeting their tax obligations, rather than immediately resorting to punitive measures. The…
Johannesburg — A year-long campaign to mobilize investment in renewable energy across Africa, spearheaded by European Commission President Ursula von der Leyen and South African President Cyril Ramaphosa, has successfully secured €15.5 billion to advance clean energy generation and expand access to electricity for millions of households. The campaign, organized in collaboration with Global Citizen…
Ndola, Copperbelt Province — The Zambia Development Agency (ZDA) has issued an Investor License to China Zambia Petrochemical Energy Company Limited, clearing the way for the construction of a state-of-the-art oil refinery in Ndola. The project, representing a committed investment of USD 510.49 million, is expected to create 454 jobs and significantly advance Zambia’s industrialization…
