Business News

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China, Zambia and Tanzania Launch TAZARA Railway Revitalization Project

Lusaka — China, Zambia and Tanzania officially launched the TAZARA Railway revitalization project, a major initiative aimed at creating a prosperity belt along the railway and boosting regional economic growth. The groundbreaking ceremony, held in Lusaka, was attended by Chinese Premier Li Qiang, Zambian President Hakainde Hichilema, and Tanzanian Vice President Emmanuel Nchimbi. Li highlighted

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ERB Approves ZMW 6 Billion Investment in Zambia’s Energy Sector

Lusaka — The Energy Regulation Board (ERB) has approved ZMW 6 billion (US$266 million) in new investments aimed at strengthening Zambia’s energy sector through expanded renewable energy generation, petroleum infrastructure, and improved fuel distribution systems. In a press statement, the ERB confirmed the approval of 29 energy licences and 12 construction permits across various sub-sectors,

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ZESCO’s Renewable Energy Investments Positioned to Boost Luapula’s Economic Potential

Luapula Province, known for its agricultural potential, abundant water bodies, and mineral resources, had long been poised for growth but continued to face challenges due to insufficient energy supply. ZESCO Limited moved to address this gap through key investments, including the upcoming Mansa 50MW Solar Project. “These are pillars of national economic prosperity,” said Eng.

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600MW Sinazongwe Thermal Power Plant Set for Construction in Four Phases

SINAZONGWE, Southern Province – The Government of Zambia has announced major progress in the development of the 600-megawatt (MW) thermal power plant in Sinazongwe, with construction expected to proceed in four phases and deliver significant energy and employment benefits to the nation. Government Spokesperson Mr. Kapata confirmed that the project will create approximately 1,800 jobs

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