Zambia has commenced the export of 200,000 metric tonnes of maize to Malawi, with the first consignment officially dispatched from the Food Reserve Agency (FRA) Chipata Depot. The maize export was flagged off by Minister of Agriculture Reuben Mtolo together with his Malawian counterpart, Roza Mbilizi, during a ceremony held in Chipata. Speaking at the…
President Hakainde Hichilema has reaffirmed his administration’s commitment to steering Zambia towards a stronger and more resilient economy in 2026. Speaking during his New Year’s Eve address aired on ZNBC Television and Radio from Lusaka, President Hichilema said the UPND government will remain steadfast in promoting economic recovery while ensuring that the gains reached benefit…
Zambia’s Energy Minister Makozo Chikote has hailed strengthened cooperation between Zambia and Zimbabwe for helping to stabilise power generation during a year marked by severe drought and electricity shortages. Speaking at the 43rd Zambezi River Authority (ZRA) Council of Ministers meeting held in Victoria Falls, Zimbabwe, the minister expressed gratitude on behalf of the Zambian…
Global copper prices pulled back on Monday after briefly touching record levels, as markets reassessed whether the recent rally had moved too far, too fast. Copper futures in the United States slipped to around 5.6 dollars per pound after earlier testing highs near 5.86 dollars, marking a daily decline of more than 4 percent. Despite…
Lusaka President Hakainde Hichilema has been named among the world’s best-performing leaders of 2025 by The Telegraph, a recognition that underscores Zambia’s rapid economic recovery after years of crisis marked by debt distress, pandemic shocks and climate-related disruptions. The accolade comes just days before the close of the year, capping a period in which Zambia…
Lusaka, Zambia – European equities closed higher on Friday, December 19, 2025, with the STOXX 50 rising 0.6% and the broader STOXX 600 up 0.4% to a fresh record. The rally was driven by expectations of further U.S. Federal Reserve rate cuts next year and declining bets that the European Central Bank (ECB) will raise…
Construction of Phase Two of the Maamba Energy Thermal Power Plant has reached 60 percent completion, marking a significant milestone in Zambia’s efforts to boost electricity generation and address ongoing power deficits. Maamba Energy Limited Chief Executive Officer, Cyrus Minwalla, confirmed that a critical boiler machine has already been installed, with further installations underway to…
The Treasury collected K40.49 billion in total revenue and grants by the end of the third quarter, falling short of the K44.79 billion target and resulting in an under collection of 9.61 percent, according to the latest fiscal data from the Ministry of Finance. Of the total collections, tax revenue accounted for K31.97 billion, while…
Zambia’s private sector significantly reduced its exposure to foreign debt in 2025, with external borrowings falling by more than US$700 million, signalling a cautious shift by businesses amid tighter global financing conditions and elevated domestic interest rates. According to the Debt Statistical Bulletin for the third quarter of 2025 released by the Ministry of Finance…
The Lusaka Securities Exchange (LuSE) closed the week under pressure, with the market retreating as losses in several actively traded counters outweighed gains, despite continued participation by investors. Trading in Kwacha-denominated securities was robust, with 380 trades recorded during the session. A total of 771,420 shares were exchanged, resulting in a turnover of K14.73 million….
