LUSAKA The Lusaka Securities Exchange (LuSE) closed the week on a positive note, with the LuSE All Share Index (LASI) climbing +117.90 points to end at 25,287.84, representing a 0.47% gain from the previous day. Market activity remained solid, with 461 trades executed and 259,033 shares changing hands, generating a total turnover of K2,115,870.87. Market…
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…
Energy Minister Makozo Chikote has announced a major reduction in electricity connection fees, with subsidized charges set to drop from K4,846 to K300 effective December 22, 2025. Speaking in Lusaka during the launch of the Accelerated Sustainable and Clean Energy Access Transformation (ASCENT) initiative under the Rural Electrification Authority (REA), Mr. Chikote said the 2026…
LUSAKA, Zambia Global commodity markets today showed a mix of gains and modest declines, offering both opportunities and challenges for developing economies. Copper and coal led the gains, while precious metals and some industrial commodities edged lower. Copper climbed 2.11% to $5.29 per pound, a positive sign for major copper-exporting countries such as Zambia and…
Crude oil futures edged higher toward $59 per barrel on Wednesday, recovering some losses from the previous session, as global markets reacted to geopolitical developments and ongoing disruptions in energy supply. The price movements follow US Russia diplomatic talks, which President Vladimir Putin described as “very useful” but did not produce a resolution to the…
LUSAKA, Zambia The Zambian Kwacha remained relatively stable in the money market this morning, with commercial banks offering competitive rates for both buying and selling US dollars. According to data from the Bank of Zambia morning session, Access Bank Zambia, Bank of China (Zambia), and ABSA Bank Zambia emerged as the most favourable for customers…
Pictured by Zambia army SIAVONGA, Zambia The Zambia Army has issued a stern directive to illegal miners operating along the Lower Zambezi in Siavonga District to vacate the area immediately or face forced eviction. Army Commander, Lieutenant General Geoffrey Zyeele, said the order is part of intensified national efforts to curb illegal mining, which he…
NINGBO, China Zambia’s Vice President Mutale Nalumango has reaffirmed the government’s commitment to strengthening economic cooperation with China, emphasizing that true investment goes beyond capital inflows to include innovation, knowledge transfer, and shared prosperity. Speaking during a high-level engagement with the Ningbo Communist Party of China (CPC), led by CPC Deputy Secretary of Zhejiang Province…
KITWE, Zambia Stanbic Bank Zambia participated in this year’s Zambia Institute of Marketing (ZIM) Regional Marketing Conference, where the nation’s leading marketers, business executives, and policymakers gathered to discuss innovation and economic transformation. The conference, held at Garden Court Hotel in Kitwe, ran under the theme “Innovating for Resilient Markets: SMEs, Trade and Economic Transformation.”…
NDOLA, Zambia The Zambia Revenue Authority (ZRA) has commemorated the 2025 World AIDS Day with a strong call for unity, resilience, and sustained commitment in the fight against HIV/AIDS. The event, held at Mpendwa House in Ndola, brought together more than 200 staff members under the theme “Overcoming Disruption, Transforming the AIDS Response.” Speaking during…
