The Zambian government is intensifying efforts to attract Turkish investment as part of its broader strategy to drive economic growth and reduce dependence on a narrow range of sectors. Finance and National Planning Minister Situmbeko Musokotwane said the country is prioritising investment in key sectors that can accelerate economic transformation and long-term development. He made…
Zambia’s economy expanded by 5.2 percent in the second quarter of 2025, signaling a robust recovery driven largely by agriculture and the information and communications technology (ICT) sectors, according to the latest economic data. The growth, which surpasses the performance of the previous quarter, underscores the resilience of key sectors despite broader challenges in the…
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…
LUSAKA – Zambia has achieved a historic economic milestone, with gross international reserves (GIRs) rising to an unprecedented US$5.2 billion, the highest level ever recorded in the nation’s history. Finance Minister Dr. Situmbeko Musokotwane announced the development in Parliament during a Ministerial Statement on Zambia’s recent sovereign credit rating upgrades. He noted that the record…
Zambia’s economy is expected to feel indirect pressure from weakening regional demand after South Africa recorded its sharpest manufacturing slowdown of the year in November. A monthly Purchasing Managers’ Index survey issued in Johannesburg showed the seasonally adjusted PMI, sponsored by Absa Bank, falling to 42.0 in November from 49.2 in October. A reading below…
Energy Minister Makozo Chikote has assured the nation that load shedding is set to significantly reduce in 2026 as government accelerates completion of key power generation and transmission projects. In a statement, Chikote disclosed that 29 public and private-led energy projects with a combined capacity of 2,510 megawatts are currently under construction and scheduled for…
The Bank of Zambia (BOZ) has maintained the Monetary Policy Rate at 14.25%, signalling a continued commitment to controlling inflation despite persistent liquidity constraints in the financial system. According to market data for 28 November 2025, interbank lending rates showed marginal easing throughout the day but remained high, reflecting tight conditions faced by commercial banks…
Lusaka, Zambia – Zambia has received a major boost in investor confidence after Fitch Ratings upgraded the country’s sovereign credit rating from Restricted Default to B– with a Stable Outlook. The upgrade comes amid a moderate global economic growth forecast and falling oil prices, creating favorable conditions for Zambia’s economy, businesses, and job market. Global…
Zambia recorded a merchandise trade surplus of K1.1 billion in October 2025, nearly tripling September’s K0.4 billion, as exports grew faster than imports, according to new data from the Zambia Statistics Agency (ZamStats). Exports rose 7.9% to K30.8 billion, up from K28.5 billion the previous month, driven largely by strong performance in intermediate goods, particularly…
