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…
Lusaka, December 15, 2025 Indeni Oil Refinery has performed tremendously well as a refinery despite navigating significant logistical challenges over the past year, according to its Board Chairperson, Watson Lumba. Speaking on the refinery’s operations, Lumba highlighted the support provided by the Chinese Government and Tanzanian counterparts, which has helped sustain Indeni’s operations and the…
By Economic Desk | 15 December 2025 Global commodity markets are navigating a delicate balance between weakening demand signals from China and tightening supply conditions, with copper Zambia’s most important export remaining resilient near multi-month highs despite short-term volatility. On Monday, copper futures hovered around USD 5.3 per pound, rebounding slightly after sliding nearly 3%…
The Human Rights Commission (HRC) has expressed support for Constitutional Amendment Bill No. 7 of 2025, saying the proposed changes are largely progressive and aimed at strengthening equity, representation and service delivery. The Bill, which is currently going through its Second Reading in the National Assembly, proposes, among other reforms, an increase in the number…
The Government, working in partnership with the European Union (EU) and the International Labour Organisation (ILO), has launched the Labour Market Information System alongside the Mining Sector Skills Body in a move aimed at strengthening skills development and better matching workforce training to industry requirements. The initiative was unveiled through a collaborative effort involving the…
Lusaka – Economist Kelvin Chisanga has warned that delayed payments to suppliers are severely constraining the growth of small and medium enterprises (SMEs), compounding an already difficult operating environment marked by tight monetary conditions and a lending squeeze by commercial banks. Chisanga said many SMEs are facing acute liquidity pressures as government arrears to suppliers…
LUSAKA The Government has reaffirmed its commitment to fiscal discipline and transparent economic management, with the Ministry of Finance and National Planning announcing that K15.56 billion was released in November to support public services, infrastructure, debt obligations, and social programmes. Finance Minister Dr. Situmbeko Musokotwane, in a detailed statement on Wednesday, said Zambia’s improving credit…
WASHINGTON, D.C., The Government of Zambia, through the Zambia Development Agency (ZDA), has entered into three strategic Memoranda of Understanding (MoUs) with United States companies, deepening bilateral cooperation in critical minerals, data sovereignty, and investment facilitation. The signing ceremony, held at the Embassy of Zambia in Washington, D.C., was witnessed by Zambia’s Ambassador to the…
LUSAKA, Zambia has signed a major energy agreement with Amsons Group and Exergy Africa to develop 1,300 megawatts of new power generation capacity from a mix of solar and coal technologies, marking one of the country’s most significant private-sector energy investments in recent years. The Memorandum of Understanding (MoU), signed in Lusaka, is expected to…
LUSAKA The Lusaka Securities Exchange (LuSE) closed the week on a positive note, with the LuSE All Share Index (LASI) climbing +117.90 points to end at 25,287.84, representing a 0.47% gain from the previous day. Market activity remained solid, with 461 trades executed and 259,033 shares changing hands, generating a total turnover of K2,115,870.87. Market…
