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…
Lusaka — LOLC Finance Zambia Limited has unveiled its new debit card, marking a significant step toward improving cashless payments and financial convenience for customers across the country. The card, designed with enhanced security features and user-friendly functionality, is positioned as a modern solution for everyday transactions. According to the company, it aims to “transform…
BongoHive: Zambia’s First Innovation Hub Driving Entrepreneurial Growth Lusaka — Since its inception in 2011, BongoHive has emerged as Zambia’s first innovation hub, playing a critical role in shaping the country’s startup ecosystem. Over the years, the hub has become a focal point for aspiring entrepreneurs, offering resources and mentorship to help innovative ideas grow…
usaka — Mawano Kambeu, founder of Dot Com Zambia, has shared the remarkable story behind building Zambia’s first locally-owned tech company, a journey that began far from the world of technology. Born and raised in Kitwe, Kambeu completed his secondary education locally before moving to the United States, where he started his career in a…
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…
Lusaka, 19 November 2025 — The United Nations Industrial Development Organization (UNIDO), in partnership with the Zambia Development Agency (ZDA), has launched the Investment Monitoring and Support Services (IMSS) report titled “Zambia’s Business Climate at a Glance.” The report provides data-driven insights aimed at strengthening Zambia’s investment ecosystem. Speaking at the launch held at Southern…
