Economy

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Treasury Misses Revenue Target as VAT Shortfalls Weigh on Q3 Fiscal Performance

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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

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Private Sector External Debt Falls by Over US$700 Million as Firms Cut Foreign Borrowing

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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

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ZAMBIA MAINTAINS FISCAL DISCIPLINE AS NOVEMBER TREASURY RELEASES HIT K15.56 BILLION

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LUSAKA The Government has reaffirmed its commitment to fiscal discipline and transparent economic management, with the Ministry of Finance and National Planning announcing that K15.56 billion was released in November to support public services, infrastructure, debt obligations, and social programmes. Finance Minister Dr. Situmbeko Musokotwane, in a detailed statement on Wednesday, said Zambia’s improving credit

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ZAMBIA HITS HISTORIC RESERVES RECORD AT US$5.2 BILLION

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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

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Zambia Treasury Bills and Government Bonds Show Stable Yields in Latest Auctions

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Lusaka, 30 November 2025 – The Bank of Zambia (BoZ) has released the results of its latest Treasury Bills (T-Bills) and Government Bonds auctions, signaling continued demand for short and long term government securities amid a stable macroeconomic environment. Treasury BillsThe latest Treasury Bills tender (No. 24/2025) on 27 November 2025 recorded competitive yields across

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Zambia’s Trade Surplus Widens to K1.1 Billion in October as Copper Exports Surge

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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

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ZAMBIA EXPORTS MEALIE MEAL TO DRC BY RAIL FOR THE FIRST TIME IN YEARS — A MAJOR MILESTONE FOR TRADE AND AGRICULTURE

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LUSAKA, 26 November 2025 – In a historic breakthrough for regional trade, Zambia has successfully sent its first goods train carrying mealie meal across the border into the Democratic Republic of Congo (DRC) after many years. The consignment, delivered to Lubumbashi, marks the first time in a long period that Zambia has exported processed mealie

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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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Zambia Exits Default as S&P Upgrade Signals Revival of Investor Confidence and Economic Reform Momentum

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Lusaka — Zambia has formally emerged from default after S&P Global Ratings upgraded the sovereign to ‘CCC+/C’ from ‘SD/SD’, marking the country’s most significant step toward economic rehabilitation since its 2020 debt crisis. The move, accompanied by a stable outlook, signals rising international confidence in President Hakainde Hichilema’s reform agenda and reinforces Zambia’s position as

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Bank of Zambia Cuts Policy Rate to 14.25% as Inflation Continues to Ease

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Lusaka, November 12, 2025.The Bank of Zambia has reduced the Monetary Policy Rate by 25 basis points to 14.25%, signalling a cautiously optimistic outlook on inflation and economic stability. The decision was made during the Monetary Policy Committee (MPC) meeting held from November 10–11, 2025, and announced by Governor Dr. Denny Kalyalya at a press

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