Development news

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Hichilema Urges Zambians to Leverage Kwacha Stability for Investment and Production

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LUSAKA, Tuesday – President Hakainde Hichilema has urged Zambians to seize the opportunity presented by a stabilizing currency to import productive equipment and shift the nation’s economic culture from consumption to investment. Addressing journalists during a press conference at State House, President Hichilema said Zambia’s improving economic fundamentals are creating a favourable environment for business

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Investors Want Returns, Consumers Want Cheap Power – Can Zambia Deliver Both?

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Lusaka – Zambia’s energy sector is facing one of its most pressing challenges: attracting private investment while ensuring electricity remains affordable and reliable for consumers. Energy expert Sarah Muyuni highlighted this delicate balance during a discussion on the People’s Space Podcast hosted by CTPD. She emphasized that while the public demands low electricity tariffs, private

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Global Oil Movements Signal Potential Impacts for Zambia’s Energy Sector

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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

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ZACCI Hosts 2025 Renaissance Convention and Impact Awards, Elects New Board for 2026–2027 Term

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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

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COMESA HOSTS REGIONAL VALIDATION WORKSHOP TO HARMONISE KEY ICT POLICY AND REGULATORY FRAMEWORKS

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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

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Mpulungu to Benefit From New Water Infrastructure Under Lake Tanganyika Development Project

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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

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Mansa Solar Plant to Feed 14MW Into National Grid Next Month as Transmission Delays Slow Full Rollout

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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

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Global Crude Oil Prices Slide to $57.5 as Peace Talk Prospects Grow Zambia Poised for Relief but Faces Mixed Impacts

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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

Global Crude Oil Prices Slide to $57.5 as Peace Talk Prospects Grow Zambia Poised for Relief but Faces Mixed Impacts Read More »

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IMF Projects Zambia’s Economy to Grow by 5.8% in 2025, Signalling Strong Recovery Momentum

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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

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Government Urges ZRA to Support Businesses on Tax Compliance

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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

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