Corporate Insights

The Comeback: KCM Revives Chingola B Mine After 18-Year Hiatus 

Date: May 26, 2026

Konkola Copper Mines (KCM) has officially restarted mining operations at its Chingola B mine, ending an 18-year period of inactivity.

This restart is a significant boost to Zambia's mining output, as the Chingola B mine (part of the larger Nchanga mine complex) is projected to produce over 200,000 metric tonnes of ore per month.

🏗️ Context of the Restart

• Strategic Ownership: KCM is a joint venture, 79.4% owned by the global mining group Vedanta Resources and 20.6% by Zambia's state-owned investment company, ZCCM-IH.

• Operational Scope: KCM maintains a massive footprint in the region, operating mines and processing plants across Chingola, Chililabombwe, Kitwe, and Nampundwe.

• National Impact: This restart aligns with the Zambian government’s broader 2026 goal of increasing national copper production to meet the global demand surge for energy-transition metals. By revitalizing brownfield assets like Chingola B, KCM is significantly reducing the capital expenditure (CAPEX) usually required for greenfield exploration.

Tags #KonkolaCopperMines #KCM #ZambiaMining #Copperbelt #ChingolaB #VedantaResources #Zambia2026 #MiningRestart

SOURCE: https://news.metal.com/newscontent/103917085-Zambias-KCM-Restarts-Chingola-B-Mine-After-18-Year-Shutdown 

The 2026 Energy Shift: Zambia Approves ZMW 608M for Solar, LPG, and Petroleum Infrastructure 

Date: May 26, 2026

The Energy Regulation Board (ERB) of Zambia has officially approved a significant package of energy investments, signaling a major push to diversify the nation’s energy mix and strengthen infrastructure. Announced on May 21, 2026, these approvals include a total investment pledge of ZMW 608 million (approximately US$30.4 million).

Key Highlights of the Approvals

The ERB authorized 42 licenses and five construction permits during its Licensing Committee meeting held on May 15, 2026. These projects span across the electricity, renewable energy, and downstream petroleum sectors:

• Renewable Energy Generation: Among the most notable approvals is a license granted to China Jiangsu International Green Energy Limited for the development of a 10 MW solar photovoltaic power plant. This aligns with Zambia's strategic pivot away from an over-reliance on hydropower, which currently accounts for 80%–85% of national capacity and has been vulnerable to recent drought-related disruptions.

• Petroleum Infrastructure: The ERB approved the construction of three new fuel service stations and the commissioning of two others. To bolster fuel supply chains, licenses were also issued for 49 petroleum fuel tankers.

• LPG Distribution: Reflecting a growing shift toward Liquefied Petroleum Gas (LPG) as a cleaner cooking and industrial fuel, the board authorized 14 new LPG retail kiosks.

• Renewable Equipment Services: To support the growing market for clean energy technology, 10 licenses were issued for the manufacture, supply, installation, and maintenance of renewable energy equipment.

Strategic Context

This investment package comes at a critical time for the Zambian energy sector, which has been working to recover from the severe impacts of the 2023–2024 drought that drastically reduced water levels at the Kariba Dam. The resulting load shedding heavily constrained mining, manufacturing, and commercial activities.

By encouraging private-sector investment in solar, fuel logistics, and LPG distribution, the government aims to:

1. Reduce Hydro-Dependence: Diversify the generation mix to improve energy security during climate-related shocks.

2. Strengthen Fuel Distribution: Improve the logistical reliability of fuel supplies for mining and industrial operations, which are the backbone of the Zambian economy.

3. Drive Industrial Growth: Lower the barrier to entry for independent power producers and increase the overall installed generation capacity, which stood at approximately 3,985 MW by mid-2025, with an ambitious target of reaching 9,000 MW by 2030.

Tags #ZambiaEnergy #RenewableEnergy #ERB #SolarPower #LPGInfrastructure #EnergySecurity #EconomicDiversification #Zambia2026 #EnergyInfrastructure #InfrastructureInvestment

SOURCE: https://www.ecofinagency.com/news-infrastructures/2105-55805-zambia-approves-new-solar-fuel-and-lpg-infrastructure-investment 

Banking on the Transition: Sanlam Invests $10M in Africa GreenCo 

Date: May 26, 2026

In a landmark move for Southern Africa's energy sector, Sanlam Alternative Investments has acquired a 10% stake in Africa GreenCo (GreenCo) for US$10 million. This transaction marks the first time a private institutional shareholder has entered GreenCo's capital structure, signaling a maturing market for renewable energy finance in the region.

⚡ The Strategic Importance of GreenCo

Africa GreenCo operates as a specialized "energy intermediary." The primary barrier to new renewable energy projects in Africa is often the lack of creditworthy "offtakers" (buyers of electricity).

GreenCo solves this by acting as a creditworthy middleman.

⚙️ How the Value Chain Works

GreenCo integrates four distinct capabilities that de-risk the energy market:

1. Bankable Offtake: They sign long-term power purchase agreements (PPAs) with renewable IPPs, providing the financial security needed for these projects to reach "financial close."

2. Strategic Reselling: They sell this power to mines, large industrial/commercial customers, and national utilities, acting as a reliable supplier.

3. Regional Trading: They are the largest purchase-side participant in the Southern African Power Pool (SAPP), moving power efficiently across borders between Zambia, South Africa, Zimbabwe, and Namibia.

4. Portfolio Optimization: By balancing a mix of generation sources and demand profiles, they reduce costs and improve grid reliability.

📈 Impact of the Sanlam Investment

• Scaling Operations: GreenCo currently has a team of 80+ professionals and is expanding licensing into the Democratic Republic of Congo (DRC). The $10 million injection will allow them to scale this footprint rapidly.

• Institutional Validation: For IPPs and their lenders, having a major institutional investor like Sanlam behind GreenCo provides further assurance of the company’s long-term stability.

• De-risking the Transition: By strengthening this "market architecture," the region becomes less reliant on sovereign guarantees, allowing the private sector to lead the energy transition on commercial terms.

Tags #AfricaGreenCo #SanlamAlternativeInvestments #EnergyTransition #SAPP #RenewableEnergy #InfrastructureFinance #SouthernAfrica #IPP

SOURCE: https://www.engineeringnews.co.za/article/sanlam-alternative-investments-takes-10-stake-in-africa-greenco-for-10m-2026-05-25

🚁 SB Corporate Hub Welcomes Sky View Drone Services Zambia

SB Corporate Hub is pleased to welcome Sky View Drone Services to our growing business directory and corporate ecosystem.

Sky View Drone Services is a Zambian drone solutions company specializing in aerial intelligence, surveillance, mapping, inspections, and cinematic drone operations across multiple industries including agriculture, mining, infrastructure, security, and media production.

The company is focused on delivering precision-driven aerial solutions powered by modern drone technology and operational excellence. Through advanced unmanned aerial systems, Sky View Drone Services is contributing to smarter infrastructure monitoring, agricultural intelligence, environmental analysis, and enterprise aerial operations in Zambia and beyond.

Services offered include:
✔️ Aerial Surveillance & Security Operations
✔️ Agricultural Mapping & Crop Intelligence
✔️ Infrastructure & Mining Inspections
✔️ Drone Procurement & Advisory
✔️ Aerial Photography & Videography
✔️ Enterprise Drone Deployment Solutions

As Zambia continues embracing innovation and digital transformation, companies like Sky View Drone Services are playing an important role in advancing technology-driven solutions across the country.

📍 Lusaka & Mazabuka, Zambia
📞 +260 971 698031
📧 skyviewdroneservices2@gmail.com
🌐 https://skyviewdroneserviceszm.com/

Welcome to the SB Corporate Hub network.

#SBCorporateHub #SkyViewDroneServices #DroneTechnology #ZambiaBusiness #Innovation #AerialIntelligence #Surveillance #Infrastructure #Agriculture #Mining #Technology

The $460 Million Breakthrough: Zambia and Israel Finalize Long-Term Debt Restructuring 

Date: May 22, 2026

The Government of Zambia and the Government of Israel signed a debt restructuring agreement valued at US$460 million.

Key Details of the Agreement

• Purpose: The deal is designed to support Zambia’s fiscal stability and ongoing economic recovery. It forms a component of the broader debt restructuring program being managed under the G20 Common Framework for Debt Treatment.

• Terms: The agreement provides for the restructuring of outstanding obligations to Israel, extending repayment terms through to 2043.

• Debt Origin: The debt relates to facilities supported by Israel’s Foreign Trade Risks Insurance Corporation Limited (ASHRA), covering essential sectors including agriculture, defense, and healthcare.

• Strategic Impact: Finance Minister Dr. Situmbeko Musokotwane noted that this agreement helps reduce immediate debt service pressures, creating "fiscal space" for the government to invest in infrastructure, social sectors, and economic recovery programs.

Context within Zambia’s Debt Journey

This agreement is another milestone in Zambia’s multi-year effort to achieve debt sustainability following the country's external debt default in 2020. As of May 2026, approximately 94% of the country's restructuring perimeter has been covered by signed agreements.

The successful conclusion of this deal is viewed as a sign of continued international confidence in Zambia’s commitment to fiscal discipline and transparent, constructive engagement with global creditors. It follows Zambia's successful completion of its International Monetary Fund (IMF) Extended Credit Facility (ECF) arrangement earlier in 2026.

Tags #ZambiaDebt #DebtRestructuring #SitumbekoMusokotwane #G20CommonFramework #IsraelZambia #FiscalDiscipline #Zambia2026 #EconomicRecovery #ASHRA

SOURCE: https://znbc.co.zm/?p=13041#:~:text=The%20Agreement%20forms%20part%20of,and%20support%20inclusive%20economic%20growth. 

The IMF Pivot: Navigating the "Fiscal Leakage" Risk in Zambia's 2026 Election Year 

Date: May 22, 2026

The International Monetary Fund (IMF) staff team, led by Edward Gemayel, concluded a visit to Lusaka from April 30 to May 13, 2026. The primary purpose was to review the economic situation following the conclusion of Zambia’s recent Extended Credit Facility (ECF) arrangement and to advance discussions regarding a successor IMF-supported program.

Key Takeaways from the IMF Mission (May 2026)

• Completion of Previous Program: The IMF recognized Zambia’s substantial progress in macroeconomic stabilization under the recently completed ECF-supported arrangement. Key achievements noted include:

  • Inflation: Successfully brought within the Bank of Zambia’s target band of 6–8% (recorded at 6.8% in April 2026).

  • International Reserves: Rebuilt to a strong level of US$6.4 billion, providing about 4.4 months of import cover.

  • Fiscal Performance: A strong primary fiscal surplus of 3.1% of GDP was recorded in 2025.

  • Debt Restructuring: Approximately 94% of the debt restructuring perimeter has been covered by agreements.

• Emerging Fiscal Pressures in 2026: Despite these gains, the IMF highlighted that fiscal pressures have intensified in 2026 due to several factors:

  • Geopolitical Spillovers: The impact of the conflict in the Middle East has affected global fuel prices and trade.

  • Domestic Factors: Increased pre-election spending pressures, a civil service wage adjustment, and expenditure overruns at the Food Reserve Agency.

  • Revenue Underperformance: Weaker tax collection (including the impact of suspending fuel VAT/excise duties) and structural weaknesses in domestic VAT collection.

  • Outlook: Consequently, the primary fiscal surplus is now projected to decline to 1.1% of GDP in 2026.

• Economic Growth Projections: Real GDP growth for 2026 has been revised downward to 4.3%. This reflects:

  • Weaker mining output and softer trade activity.

  • Normalization of agricultural production after a strong 2025 harvest.

  • Energy supply constraints and geopolitical tensions.

• Successor Arrangement: The IMF and Zambian authorities have made progress in identifying priorities for a successor program. Negotiations are expected to resume with the incoming government following the August 2026 general elections. The authorities reaffirmed their strong commitment to continued fiscal consolidation and sound macroeconomic policies.

Strategic Opinion: 

Zambia has reached a critical juncture. The transition from the completed ECF-supported program to a successor arrangement is happening during a high-stakes election year. Our strategic assessment is that the "Reform Momentum" is currently fighting against "Political Reality."

The IMF’s May 2026 report is a classic diplomatic signal: they are satisfied with the macro-stabilization (reserves are up, inflation is down) but deeply concerned about fiscal leakage (the FRA overruns and tax revenue shortfalls). The "pre-election spending" mentioned by the IMF is the primary risk to the 2027 fiscal outlook.

The Verdict: The success of the next 12 months depends on the incoming government’s ability to "depoliticize" the Food Reserve Agency (FRA) and restore the TAZAMA open-access fuel framework. If these reforms are reversed to win votes, the Kwacha’s current gains could quickly evaporate. However, if the successor arrangement is signed swiftly after the August 2026 elections, Zambia will cement its status as a "turnaround success story" in sub-Saharan Africa.

Tags: #IMF #ZambiaEconomy #FiscalConsolidation #Election2026 #MacroPolicy #EdwardGemayel #FoodReserveAgency #TAZAMA #EconomicOutlook

SOURCE: https://www.imf.org/en/news/articles/2026/05/14/pr26150-zambia-imf-staff-concludes-visit 

Digitizing the Diggers: Zambia and UNDP Launch ASM Monitoring System 

Date: May 22, 2026

The Ministry of Mines and Minerals Development, in partnership with the United Nations Development Programme (UNDP), officially launched the Artisanal and Small-Scale Mining (ASM) Digital System.

This new platform is designed to formalize, monitor, and modernize a sector that has historically been informal and difficult to regulate. By digitizing ASM operations, the government aims to transform small-scale mining into a safer, more productive, and well-governed industry that contributes significantly to the national GDP.

📊 Key Capabilities of the ASM Digital System

The system acts as a comprehensive database and monitoring tool, capturing real-time data to help the government provide targeted support.

• License & Miner Tracking: Monitors the number of active licenses and the exact number of miners operating on the ground.

• Demographic Data: Captures participation rates of women and youth, ensuring that empowerment programs reach the right people.

🌍 Global Context: Critical Minerals & Sustainability

The launch included high-level representatives from the UNDP and the European Union (EU), highlighting the international interest in Zambia’s mineral value chain.

1. UNDP Strategy: Resident Representative James Wakiaga noted that as global demand for critical minerals (like copper, cobalt, and manganese) surges, the ASM sector is perfectly positioned to drive local economic development and domestic value addition.

2. EU Support: Through its Sustainable Raw Materials Partnership, the EU is providing technology transfer and improving market access for small-scale miners. This ensures that Zambian minerals meet the "green transition" standards required by European markets

Bucking the Trend: Zambia Trims Interest Rates While Global Banks Hold Steady 

Date: May 17, 2026

Bank of Zambia (BoZ) Governor Dr. Denny Kalyalya announced a reduction in the Monetary Policy Rate (MPR), trimming it by 25 basis points to 13.25%.

This decision marks the third consecutive cut in the central bank’s current easing cycle, driven by a faster-than-expected return of inflation to the 6%–8% target band. Despite the "Iran War" (the ongoing U.S.-Israel-Iran conflict in the Middle East) creating a global supply shock, the Bank of Zambia judged that local conditions warrant a cautious policy adjustment.

📉 Key Economic Drivers

The BoZ identified three primary factors that justified the interest rate cut:

1. Favorable Maize Harvest: The current crop marketing season is expected to yield a bumper maize harvest, which is significantly cooling domestic food inflation.

2. Exchange Rate Stability: The Kwacha has maintained relative stability against the US Dollar, reducing the cost of imported goods.

3. Disinflation Trend: Inflation slowed for the fourth straight month, hitting 6.8% in April 2026—the lowest reading since 2018.

⛽ Managing the "War Shock"

The ongoing conflict in the Middle East has led to a surge in global crude oil prices, particularly due to the closure of the Strait of Hormuz. To prevent these costs from destabilizing the domestic economy, the Zambian government implemented strategic fiscal interventions:

• Tax Suspension: Effective April 1, 2026, the government suspended Excise Duty and Zero-Rated VAT on petrol and diesel for three months.

🔮 Forward-Looking Projections

The Bank of Zambia is optimistic about the medium-term outlook, though it remains "cautious" due to geopolitical uncertainty.

💡Strategic Insight

The decision by Bank of Zambia to continue cutting interest rates while many global central banks remain cautious highlights Zambia’s improving domestic macroeconomic position. Falling inflation, exchange-rate stability, and stronger agricultural output have given policymakers room to prioritize economic stimulation over aggressive monetary tightening. This signals growing confidence that Zambia is transitioning from a crisis-management phase toward a recovery-and-growth cycle.

However, the easing path remains highly sensitive to external shocks. The ongoing Middle East conflict and elevated oil prices expose Zambia’s vulnerability to imported inflation, particularly through fuel and transport costs. While temporary tax interventions may cushion short-term pressure, sustained geopolitical instability could complicate future rate cuts. The broader challenge for policymakers will be balancing growth support with the need to preserve currency stability and investor confidence in an increasingly volatile global environment.

Tags #BankOfZambia #InterestRates #InflationTarget #DennyKalyalya #MiddleEastConflict #Zambia2026 #EconomicPolicy #Kwacha

SOURCES: https://www.moneyweb.co.za/news/africa/zambia-cuts-rates-as-inflation-eases-bucks-global-pause/ https://www.boz.zm/news-detail/67c6df25-c336-4f6c-835a-88aa8cae003b https://www.reuters.com/world/africa/zambias-central-bank-cuts-main-interest-rate-1325-2026-05-13/ https://www.cnbcafrica.com/2026/zambias-central-bank-trims-policy-rate-by-25-basis-points 

From Leisure to Strategy: Zambia’s Roadmap to a Tourism Industry 

Date: May 16, 2026

Tourism Minister Rodney Sikumba officially unveiled the new Board of Directors for the Zambia Tourism Agency (ZTA) for the 2026–2029 term.The board is chaired by Japhet Lishomwa, the Director General of the Immigration Department. This strategic appointment signals a move toward tighter integration between national security/border control and the ease of travel for international visitors.

The New ZTA Board: Vision & Mandate

Minister Sikumba has charged the new board with a high-stakes mandate: transforming tourism from a "leisure sector" into a primary driver of economic diversification, investment, and job creation.Focus AreaStrategic include- Intelligence, Digital Transformation,Product Diversification &Global Recognition.

Strategic Insight

The appointment of Japhet Lishomwa to chair the Zambia Tourism Agency board reflects a broader shift in Zambia’s tourism strategy—from passive destination marketing toward a more coordinated economic and border-management framework. By linking immigration leadership directly with tourism governance, the government appears focused on improving visitor facilitation, travel security, and regional mobility, all of which are increasingly critical to attracting high-value international tourism and investment.

The emphasis on digital transformation, product diversification, and global positioning also signals an attempt to reposition tourism as a strategic export sector rather than a seasonal leisure industry. Long-term success, however, will depend on infrastructure quality, international connectivity, destination branding, and the ability to expand tourism products beyond traditional attractions such as Victoria Falls into cultural, eco-tourism, conference, and heritage markets.

As part of our contribution to the growth of tourism in Zambia, Zambia Lodge Finder serves as a digital platform connecting travelers to lodges, hotels, car rental services, and local tour experiences across the country. The platform supports Zambia’s broader tourism diversification agenda by improving visibility for local hospitality operators and simplifying travel planning for both domestic and international visitors. 

Tags #ZambiaTourism #ZTA #RodneySikumba #JaphetLishomwa #EconomicDiversification #TravelZambia #Zambia2026 #SustainableTourism

SOURCE: https://znbc.co.zm/?p=12901  https://voyagesafriq.com/2026/05/11/new-zambia-tourism-agency-board-inaugurated-minister-urges-innovation-and-effective-leadership/ 

No More Excuses: ZRA Begins Prosecutions Over Smart Invoice Gaps

Date: May 16, 2026

The Zambia Revenue Authority (ZRA) announced the prosecution of seven taxpayers for willful non-compliance with the Smart Invoicing system. This move signals a transition from the "onboarding phase" to "intensified enforcement," where mere registration is no longer a defense against legal action.

The ZRA highlighted that "consistent, accurate, and timely" usage is now the standard. Businesses found bypassing the electronic system or issuing manual invoices face severe statutory penalties under the Value Added Tax (VAT) Act.

🛡️ The Compliance "Teeth": Penalties and Risks

The cost of non-compliance with Smart Invoice is designed to be prohibitive, carrying both criminal and commercial consequences.

Penalty Type Maximum Consequence

Financial Fine Up to K120,000

Imprisonment Up to three years

🔍 How Smart Invoice Verification Works

The system is built on real-time transparency. Every compliant invoice acts as a secure digital record that is simultaneously shared with the seller, the buyer, and the ZRA.

• Unique QR Code: Every Smart Invoice must bear a ZRA-issued QR code which can be used to determine the authenticity of the invoice.

💡 Opportunity / Insight

For the Zambian business community, the ZRA’s shift toward prosecution is a wake-up call that VAT compliance is now a B2B competitive necessity. Because a non-compliant invoice exposes businesses to criminal sunctions.

To protect your operations:

• Audit Your Usage: Ensure that your staff are not just registered but are actually processing every sale through the system.

• Verify Suppliers: Never accept a tax invoice that lacks a verifiable QR code.

• Check Integration: If using accounting software, ensure the ZRA integration module is active and transmitting data correctly in real-time.

Tags #ZRA #SmartInvoice #TaxCompliance #ZambiaBusiness #VATAct #LegalNews #Zambia2026 #DigitalTransformation

SOURCE: https://www.mwebantu.com/zra-to-prosecute-seven-taxpayers-over-smart-invoice-non-compliance/ 

Bridging the Divide: Zambia and China Push for Inclusive AI at the UN 

Date: May 16, 2026

A high-level United Nations event in New York, Zambia and China spearheaded a global call for developing nations to move beyond simply adopting Artificial Intelligence (AI) and instead focus on "shaping" it to fit local development priorities.

Co-chaired by Zambia's Permanent Representative to the UN, Dr. Chola Milambo, and China’s Vice Minister of Science and Technology, Chen Jiachang, the gathering focused on bridging the "global AI divide." The event was held just ahead of the 11th annual Multi-Stakeholder Forum on Science, Technology, and Innovation (STI Forum).

🌐 The "Group of Friends" for AI Capacity-Building

Zambia and China currently lead the UN Group of Friends (GoF) for AI Capacity-Building, a strategic coalition aimed at ensuring that AI does not become a tool for further global exclusion.

• Zambia’s Stance: Dr. Milambo argued that developing nations must shift the conversation from whether to use AI to how to use it equitably. He called for direct investment in local engineers and technicians to build indigenous AI ecosystems.

• China’s Commitment: Vice Minister Chen Jiachang highlighted practical AI applications already in use, such as AI tutoring in secondary schools and AI-powered medical diagnostic tools, as models for global cooperation.

• National Alignment: The initiative directly supports the Zambia National AI Strategy (2025–2027), which aims to leverage AI for economic growth and public service efficiency.

🏗️ Focus: "AI Empowering Engineering Capacity Building"

The event, themed “AI Empowering Engineering Capacity Building,” underscored that technical talent is the primary bottleneck for developing countries.

1. Practical Cooperation: China reaffirmed its commitment to move from theoretical consensus to "practical cooperation," involving talent exchange and joint innovation hubs.

2. Special Envoy Support: The event was attended by Amandeep Singh Gill, UN Special Envoy for Digital and Emerging Technologies, signaling the UN's formal support for these capacity-building frameworks.

Tags #AI #DigitalDivide #UnitedNations #ZambiaChina #STIForum2026 #CapacityBuilding #GlobalGovernance #DigitalInclusion #Zambia2026

SOURCES: https://efficacynews.africa/2026/05/06/zambia-calls-for-fair-and-inclusive-global-ai-development-at-un-forum/ https://www.zambiaun.org/zambia-reaffirms-commitment-to-inclusive-ai-capacity-building-at-un-event/ 

Billion-Kwacha Boost: Germany Pledges €81.5m for Zambia’s 2026 Roadmap 

Date: May 16, 2026. 

Germany committed 81.5 million euros (approximately K1.8 billion) to Zambia to bolster bilateral technical and financial cooperation for the 2026–2027 period. The agreement was finalized in Berlin following high-level "Government-to-Government" (G2G) negotiations focused on aligning support with Zambia’s Eighth National Development Plan (8NDP).

The funding represents a shift toward a partnership model rooted in shared responsibility and private sector engagement, moving beyond traditional donor-recipient dynamics.

📊 Funding Breakdown

The support package is split between direct financial projects and technical expertise:

• Financial Cooperation (€34 Million): financial cooperation projects.

• Technical Cooperation (€46.5 Million): technical cooperation initiatives.

🎯 Strategic Priority Sectors

The 2026–2027 programme focuses on three "core" pillars designed to improve the lives of ordinary Zambians and enhance national resilience:

1. Water and Sanitation (€36 Million): * Significant funding for the Nexus Energy Water Programme for Zambia (NEWZA II), targeting the Copperbelt and North-Western provinces along the Lobito Corridor.

   • Focus on climate-resilient urban water supply, digitization, and renewable energy integration.

2. Good Governance; and 

3. Food and Nutrition Security

Tags #ZambiaGermany #BilateralCooperation #WaterSecurity #GoodGovernance #FoodSecurity #Investment #Zambia2026 #EconomicManagement

SOURCES: https://znbc.co.zm/?p=12852 https://efficacynews.africa/2026/05/08/germany-commits-e36-million-to-boost-zambias-water-and-sanitation-sector/ 

Value Addition or No Deal: Zambia’s New Strategy to Curb Raw Mineral Exports 

Date: May 16, 2026

Dr. Hapenga Kabeta, Permanent Secretary in the Ministry of Mines and Minerals Development, announced a significant tightening of Zambia's mining policies during the Zambia Trade and Investment Forum in Pretoria, South Africa.

The reform centers on a new Critical Minerals Strategy designed to shift the country from being a mere exporter of raw materials to a hub for local beneficiation and value addition. This move is a direct response to the global "scramble" for energy transition metals like copper, cobalt, lithium, and nickel.

🛡️ National Sovereignty vs. Global Demand

The policy shift comes as Zambia, alongside the DRC and South Africa, faces intense international pressure from Western and Eastern powers seeking exclusive access to its mineral wealth.

• Rejection of "Tied" Deals: Notably, in early May 2026, Zambia publicly resisted U.S. attempts to link a $2 billion health aid package to preferential mining access, insisting that diplomatic aid and commercial mineral rights remain separate.

• Balanced Partnerships: Dr. Kabeta emphasized that while Zambia remains open to foreign investment, it will only engage in "fair and balanced" partnerships that prioritize national interests.

• Forum: The forum, themed “From Commitment to Capital: Catalysing SA Investment for Zambia’s Industrial Renaissance,”.

💡 Opportunity / Insight

For international investors, "Zambia 2026" is no longer just about digging and shipping. The government is successfully leveraging its massive copper reserves—aiming for 3 million tonnes by 2031—to demand more sophisticated industrial investment.

Companies that provide smelting, refining, and manufacturing technology will likely find more success and regulatory ease than those seeking pure offtake agreements. The "Pretoria Declaration" at the forum suggests that South African firms, with their established mining-tech ecosystems, are being viewed as preferred strategic partners to help Zambia achieve this "Industrial Renaissance."

Tags #CriticalMinerals #ZambiaMining #ValueAddition #Beneficiation #EconomicSovereignty #Copperbelt #MiningPolicy #Zambia2026 #DrHapengaKabeta

SOURCES: https://www.channelafrica.co.za/channelafrica/news/zambia-tightens-critical-minerals-policies/ 

Powering the Future: Zambia and SunShare Sign $246M Nambala Expansion 

Date: May 16, 2026

the Zambian government and SunShare Energy finalized a landmark US$246 million agreement to expand the Nambala Solar PV plant in Mumbwa District. The project will add 200 MW of capacity, bringing the facility’s total output to 250 MW. This expansion marks one of the most significant renewable energy milestones in Zambia’s history.

The deal was formalized through a Power Purchase Agreement (PPA) with the national utility, ZESCO. This investment is a critical response to the devastating droughts that have crippled Zambia's hydroelectric-dependent grid, providing a much-needed "cushion" of clean, consistent power.

Key Highlights

• Capacity Surge: The expansion adds 200 MW, effectively quintupling the plant's original 50 MW capacity.

• Climate Resilience: By shifting away from over-reliance on the Kariba Dam, the project protects the economy from climate-induced power outages.

• Advanced Infrastructure: The investment includes the installation of thousands of high-efficiency panels and Battery Energy Storage Systems (BESS) to stabilize the grid during non-peak hours.

• Economic Impact: The project is expected to generate hundreds of jobs during the construction phase and specialized technical roles for long-term operations.

• Strategic Location: Located in Mumbwa District, the site benefits from some of the highest solar irradiation levels in the Southern African region.

Opportunity / Insight

For the industrial and mining sectors, the Nambala expansion is a game-changer for energy security. As ZESCO integrates this 250 MW hub, the likelihood of disruptive "load shedding" decreases, particularly for businesses in the Central and Lusaka provinces.

From an investment perspective, this US$246 million commitment by SunShare Energy underscores the bankability of the Zambian energy sector under current regulatory reforms. The inclusion of BESS (Battery Storage) is particularly noteworthy; it signals that Zambia is moving toward "dispatchable" solar, which can provide power even after sunset—a key requirement for 24/7 industrial operations. Local contractors in civil engineering and electrical installation should position themselves for the upcoming procurement rounds as construction ramps up.

Tags #SolarEnergy #Zesco #SunShareEnergy #RenewableEnergy #Investment #Zambia2026 #ClimateResilience #Mumbwa #EnergySecurity

SOURCE: https://solarquarter.com/2026/05/08/zambia-and-sunshare-energy-sign-us246-million-deal-to-expand-nambala-solar-pv-plant/ 

Plugging the Leaks: Zambia Joins African Elite in Launching Anti-IFFs Tracker 

Date: May 13, 2026

Zambia officially became the sixth African nation to launch the Anti-Illicit Financial Flows (IFFs) Policy Tracker, an African-led diagnostic tool designed to monitor and curb the drain of resources through tax evasion and money laundering.

The launch, hosted by the Zambia Revenue Authority (ZRA) in Lusaka, marks the beginning of an intensive in-country assessment scheduled for May 18–19, 2026.

📊 What is the Anti-IFFs Policy Tracker?

Developed by Tax Justice Network Africa (TJNA), the African Union Commission (AUC), and the African Tax Administration Forum (ATAF), the tracker is a monitoring framework that evaluates a country’s systems across four critical "clusters":

Cluster

• Legislative Framework

• Institutional Framework

• Data & Information

• Inter-Agency Cooperation

🏛️ The Zambian Context: Why Now?

The launch follows a series of high-profile transfer pricing cases in Zambia, including those involving Mopani Copper Mines and Nestlé. ZRA Commissioner General Dingani Banda emphasized that this tracker is an "African-grown solution" to help Zambia protect its domestic resources.

• Resource Drain: IFFs continue to bleed billions from the continent, resources that TJNA Director Chenai Mukumba noted are vital for infrastructure and social services.

• Mining Sector Focus: A significant portion of the assessment will likely focus on transfer pricing and advanced audit techniques in the mining industry—Zambia’s primary revenue driver.

• Multilateral Oversight: Zambia joins a growing group of nations implementing the tracker, alongside Namibia, Uganda, Ghana, Côte d’Ivoire, and Liberia.

🏗️ Institutional Collaborative Network

The success of the tracker depends on a "whole-of-government" approach. The Lusaka assessment will bring together inter alia:

1. Zambia Revenue Authority (ZRA): Leading the tax diagnostic.

2. Financial Intelligence Centre (FIC): Tracking suspicious transaction patterns.

3. Anti-Corruption Commission (ACC): Investigating the underlying origins of illicit funds.

4. Bank of Zambia (BoZ): Monitoring capital flight and currency fluctuations.

Tags #AntiIFFs #TaxJustice #ZRA #IllicitFinancialFlows #AfricanUnion #MiningTax #FinancialIntelligence #Zambia2026

SOURCE: https://taxjusticeafrica.net/resources/news/zambia-becomes-sixth-african-country-launch-anti-iffs-policy-tracker  https://ataftax.org/news/ataf-and-its-partners-pilot-the-illicit-financial-flows-policy-tracker-in-liberia/ https://policytracker.africa/index.php/about-the-policy-tracker 

Shape the Future: Government Opens Consultations for the 2027 National Budget 

Date: May 13, 2026 

The Ministry of Finance and National Planning has officially launched the preparations for the 2027 National Budget and the 2027-2029 Medium-Term Expenditure Framework (MTEF).

By inviting submissions from the public, the government is signaling a commitment to a consultative fiscal process. This window allows the private sector, civil society, and individual citizens to influence tax policies, expenditure priorities, and structural reforms before the budget is finalized and presented to Parliament in September 2026.

📅 Key Deadlines and Submission Details

Stakeholders are encouraged to submit their proposals within the following timeframe:

• Submission Window: Open as of May 2026.

• Closing Date: June 30, 2026.

• Format: Submissions should be technical and evidence-based, focusing on measures that promote economic growth, social development, and fiscal sustainability.

• Submission Channels: Proposals can be hand-delivered to the Ministry of Finance headquarters in Lusaka or submitted via the Ministry's official digital portals.

💡 Opportunity / Insight

For corporate leaders and industry associations, this is the most critical time to lobby for "tax expenditures" or the removal of specific customs duties. Historically, the Zambian government has been receptive to submissions that demonstrate how a tax cut in a specific sector (like solar equipment or irrigation technology) will lead to long-term job creation or increased exports.

For SMEs, this is an opportunity to advocate for improved access to the Constituency Development Fund (CDF) or simpler tax compliance categories.

Tags #ZambiaBudget2027 #MinistryOfFinance #FiscalPolicy #NationalPlanning #Economy #Zambia2026 #PublicConsultation

SOURCE: https://zambianeye.com/gvt-invites-submissions-for-2027-national-budget/ 

The 80-Million-Kilogram Goal: Zambia Launches 2026 Tobacco Marketing Season 

Date: May 13, 2026

Agriculture Minister Reuben Mtolo officially launched the 2025/2026 tobacco marketing season in Lusaka. This year, the industry is targeting a record-breaking trade volume of approximately 80 million kilograms, a significant increase from previous seasons that positions tobacco as a critical driver of Zambia's non-traditional export revenue.

The opening comes at a vital time for the economy, as tobacco exports are projected to be a major source of foreign exchange, helping to stabilize the Kwacha and diversify the country's trade portfolio beyond copper.

Key Highlights

• Target Volume: Approximately 80 million kilograms are expected to be traded this season.

• Economic Impact: Production at these levels is anticipated to inject significant US dollars into the economy, supporting national forex reserves.

• Fairness and Transparency: Minister Mtolo issued a directive to buyers and sponsors to honor contractual obligations and uphold fair pricing to maintain farmer confidence.

• Regulatory Oversight: The Tobacco Board of Zambia (TBZ) has emphasized that prices must strictly reflect the quality of the crop to ensure a balanced market for all stakeholders.

• Legislative Context: The season opens as the Tobacco (Amendment) Bill, 2026 is being considered by Parliament to further modernize the industry's governance and board composition.

Opportunity / Insight

For the financial and logistics sectors, the scale of this season—targeting 80 million kg—represents a substantial opportunity. Banks and micro-finance institutions should prepare for increased activity as farmers receive payments, while transport and warehousing firms will see a peak in demand for moving leaf from rural depots to Lusaka-based floors and eventually to export markets like China and Europe.

Investors should note that while volumes are hitting record levels, the total economic gain remains sensitive to global price fluctuations. Corporate stakeholders are advised to monitor the TBZ’s new digital price-tracking tools to gauge real-time market performance.

Tags #ZambiaAgriculture #TobaccoMarketing #TBZ #ReubenMtolo #EconomicDiversification #Zambia2026 #ForexStability #AgriBusiness

SOURCE: https://znbc.co.zm/?p=12828 

Airtel’s $107M Momentum: Retail Expansion Follows Record Network Growth 

Date: May 8, 2026

Airtel Zambia, the country’s largest telecommunications operator, announced an extensive retail expansion plan to launch 45 new stores by the end of September 2026.

This move will nearly double Airtel's physical footprint, bringing its total number of outlets to 98. The strategy focuses on bridging the gap between digital transformation and physical customer support, particularly as the demand for 5G and mobile money services surges.

📊 The Strategic Expansion: By the Numbers

The expansion is a direct response to a growing subscriber base that reached 12.5 million in early 2026.

• Current Total Stores: 53 (including 5 recently inaugurated outlets).

• Target Total (Sept 2026): 98 Stores.

• Network Coverage: The network currently covers 91.6% of the population.

• Financial Commitment: This follows a US$107 million investment in 2025/26 to deploy 406 new sites and expand 5G to over 505 sites.

⚔️ Market Competition: Defending the 48%

Airtel’s move is a preemptive strike to maintain its lead in an increasingly crowded market. According to the PwC Zambia Telecommunications Report (Sept 2025), the market share breakdown is as follows:

Operator Market Share

Airtel Zambia 48%

MTN Zambia 28%

Zamtel 23%

ZedMobile 1.4%

Tags #AirtelZambia #TelecomExpansion #RetailStrategy #5GZambia #AirtelMoney #Zambia2026 #MarketShare #DigitalInclusion

SOURCES: https://www.ecofinagency.com/news-digital/0605-55310-airtel-zambia-adds-retail-stores-to-serve-growing-customer-base#:~:text=In%20this%20environment%2C%20physical%20proximity,access%20and%20understand%20telecom%20services. https://techreviewafrica.com/news/4689/airtel-zambia-reports-strong-growth-and-expands-5g-network-following-agm#:~:text=The%20customer%20base%20reached%2012.5,ZMW%2016.95%2C%20up%2040.9%25. 

Zambia, Norway Partner on $420m Renewable Energy Investment

Date: May 8, 2026

The Government of Zambia, through the Ministry of Green Economy and Environment, has launched a landmark carbon finance partnership with Norway to unlock up to US$420 million in renewable energy investments. The initiative, titled the Carbon Feed-In Premium Programme (CFIP), is designed to fast-track the development of 300 megawatts (MW) of solar power integrated with Battery Energy Storage Systems (BESS).

This partnership utilizes a specialized "Mitigation Outcome Purchase Agreement," under which Norway will provide between US$80 million and US$200 million in direct carbon finance. These funds act as a "premium" payment for verified greenhouse gas emission reductions, significantly improving the bankability of clean energy projects for Independent Power Producers (IPPs).

Key Highlights

• $420M Investment Goal: Targeting a total investment of nearly half a billion dollars to stabilize the national grid.

• 300MW Solar + Battery: The program prioritizes hybrid solar-battery systems to ensure power availability during non-peak solar hours.

• Carbon Premium Model: Projects receive additional payments for "carbon credits" produced, making renewable energy more competitive against traditional sources.

• Open Call for Proposals: IPPs and ZESCO-related projects have until May 31, 2026, to submit applications for funding under this framework.

• Bilateral Cooperation: The deal follows a strategic mitigation agreement signed between Zambia and Norway earlier this year.

Opportunity / Insight

For energy developers and investors, the CFIP represents a "de-risking" mechanism that solves a major hurdle in the Zambian energy market: financial viability. By providing a secondary revenue stream through carbon payments, the program allows IPPs to secure better financing terms from international lenders. Furthermore, the focus on Battery Energy Storage Systems (BESS) is a clear signal that the government is moving away from basic solar to "dispatchable" renewables that can support the mining industry 24/7. Contractors and suppliers in the lithium-ion and solar-PV supply chains should prioritize the Zambian market as these 300MW of projects move toward procurement in late 2026.

Tags #Business #Zambia #RenewableEnergy #Norway #Investment #CarbonFinance #SolarPower #BESS #Sustainability

SOURCE: https://znbc.co.zm/?p=12796 

KoBold Metals Commences Ground Breaking Operations at Mingomba

Date: May 7, 2026

KoBold Metals, an AI-backed exploration firm supported by Bill Gates and Sam Altman, has officially commenced ground breaking operations at its Mingomba project in Chililabombwe, Zambia. This milestone follows the discovery of what is potentially the highest-grade large copper deposit in the world, with exploration data suggesting copper concentrations exceeding 5%.

The company is utilizing proprietary artificial intelligence and machine learning algorithms to map the deposit, which is located deep underground. By leveraging data-driven exploration, KoBold aims to fast-track the development of the mine, significantly reducing the traditional timeline from discovery to production.

This project is a critical component of the global race to secure supply chains for "green metals". As the demand for electric vehicles and renewable energy infrastructure surges, the Mingomba mine is positioned to become a tier-one supplier of the high-grade copper required for the energy transition.

Key Highlights

• AI-Driven Exploration: KoBold is using machine learning to visualize complex geological structures at depths that traditional methods often miss.

• High-Grade Discovery: Preliminary data indicates copper grades at Mingomba are significantly higher than the global average, potentially rivaling the legendary Ivanhoe mines in the DRC.

Opportunity / Insight

For the Zambian economy and local investors, the start of the Mingomba project represents a paradigm shift in mineral exploration. The success of KoBold’s AI model could attract a new wave of tech-focused mining investments to the Copperbelt. Furthermore, the development of a high-grade mine creates massive downstream opportunities for local engineering, logistics, and power supply firms that will be needed to support a deep-level, high-tech mining operation.

Tags #Business #Zambia #Mining #Investment #KoBoldMetals #AI #Copperbelt #GreenEnergy #Technology

SOURCE: https://www.news24.com/business/companies/bill-gates-and-sam-altmans-mega-mine-in-zambia-kicks-off-20260430-0372 

Zambia Secures $42m FAO Grant for Climate Resilience

Date: May 7, 2026

The Government of Zambia has secured over US$42 million in grant funding from the Food and Agriculture Organization (FAO) of the United Nations. This significant capital injection is dedicated to strengthening climate resilience within the nation’s agricultural sector and ensuring that agri-food systems can withstand increasingly frequent climate shocks, such as the severe droughts experienced in recent seasons.

The initiative focuses on overcoming productivity constraints and stabilizing the food supply chain through modernized, climate-smart agricultural practices.

Key Highlights

• Significant Financial Boost: The US$42 million grant represents one of the largest recent climate-specific allocations for Zambian agriculture.

• Agri-Food System Strengthening: The funds are specifically earmarked to help food systems absorb and recover from environmental shocks like drought and floods.

• Strategic Collaboration: The project involves high-level coordination between the Ministry of Green Economy and Environment and international development partners.

• Sustainability Focus: FAO’s commitment centers on building a resilient framework that moves beyond emergency relief toward long-term agricultural stability.

Opportunity / Insight

For the Zambian private sector, particularly those in the "agri-tech" and equipment supply chains, this grant signals a robust market for climate-resilient solutions. The focus on "withstanding shocks" will likely drive government procurement toward solar-powered irrigation, drought-resistant seed technology, and digital weather-tracking tools. Furthermore, as the Ministry of Green Economy emphasizes productivity, local MSMEs involved in the agricultural value chain should prepare for increased standards and technical requirements associated with these FAO-backed initiatives. This funding provides a critical buffer that allows the agricultural sector to remain a viable investment destination despite regional climate volatility.

Tags #Business #Zambia #Agriculture #ClimateResilience #Investment #FAO #GreenEconomy #FoodSecurity #Sustainability

SOURCE: https://znbc.co.zm/?p=12629 

WARNING: DEC Probes Rising Gold Fraud Cases

Date: May 4, 2026

The Drug Enforcement Commission (DEC) has intensified investigations into a surge of gold-related fraud cases that have resulted in losses totaling millions of dollars. Between 2023 and 2026, the Commission recorded 22 suspected gold scams, with a significant spike of 14 cases occurring in the first four months of 2026 alone.

Fraudulent entities and individuals are posing as legitimate dealers and refining companies to deceive victims. Total losses are currently estimated at approximately US$12.8 million and K4.675 million.

The DEC has already arrested 24 suspects who are currently appearing before the courts. Investigations reveal that these schemes often involve sophisticated methods, including forged export permits, fake documentation, and the impersonation of established mining and logistics firms.

Key Highlights

• Sharp Increase in Cases: 14 out of 22 recorded cases occurred in early 2026, signaling a rapid escalation in gold-related crime.

• Significant Financial Loss: Victims have lost an estimated US$12.8 million and over K4.6 million to these fraudulent schemes.

• Sophisticated Tactics: Scammers are using forged documentation, fake export permits, and impersonation of reputable logistics and mining companies.

• Cross-Border Elements: Investigations have implicated foreign nationals, highlighting the international and organized nature of these offenses.

Opportunity / Insight

For investors and corporate leaders in the mining and commodities sector, these developments highlight a critical need for enhanced due diligence. The use of impersonation and forged permits suggests that traditional verification methods may be insufficient. Businesses should exclusively verify the authenticity of dealers and export documentation through official channels—such as the Ministry of Mines and Minerals Development—before committing capital. This crackdown by the DEC is a necessary step to protect the integrity of Zambia's gold value chain and maintain investor confidence in the sector.

Tags #Business #Zambia #Mining #Corporate #Investment #GoldScams #RegulatoryUpdates #DEC

SOURCE: https://znbc.co.zm/?p=12696 

Inflation Slows to 6.8%

Date: May 1, 2026

Zambia’s annual inflation rate for April 2026 decelerated to 6.8 percent, a notable decrease from the 7.1 percent recorded in March 2026. This figure represents the lowest inflation rate the country has seen since February 2017, signaling a significant period of relative price stability.

The  is because of the price movements within food items. On average, the prices of goods and services increased by 6.8 percent between April 2025 and April 2026, compared to the higher year-on-year increases observed in previous months.

Key Highlights

• April Inflation Rate: Annual inflation fell to 6.8 percent in April 2026.

• Monthly Comparison: The rate dropped by 0.3 percentage points from the 7.1 percent recorded in March 2026.

• Historical Low: This is the lowest inflation level recorded in Zambia in over nine years.

• Primary Driver: The deceleration was largely driven by price movements in the food category.

Opportunity / Insight

For investors and corporate leaders, this seven-year low in inflation suggests a stabilizing macroeconomic environment that could potentially lead to a reduction in the cost of doing business. If this trend persists, it may provide the Bank of Zambia with the room to consider more accommodative monetary policies, which would lower borrowing costs for expansion. Businesses should monitor whether these lower food costs translate into increased consumer discretionary spending over the coming quarter.

Tags #Business #Zambia #Finance #Economy #Inflation #Corporate #Investment

SOURCE: https://znbc.co.zm/?p=12613 

Shaft 28 to Resume Copper Production in 2026

Date: May 1, 2026

President Hakainde Hichilema has confirmed that Shaft 28 at Luanshya Copper Mines is scheduled to produce its first copper ore before the end of this year. This announcement follows the successful completion of a massive dewatering project, an essential technical hurdle required to bring the long-dormant asset back into operation.

The restoration of Shaft 28 is a central component of the government's broader strategy to rehabilitate collapsed or underperforming mining assets. By reviving these old mines methodically, the state aims to catalyze job creation and drive sustainable economic development within the Copperbelt region.

This operational milestone supports Zambia’s aggressive mining targets. The country remains on track to reach an annual output of one million tonnes of copper in the near term, serving as a critical stepping stone toward the national long-term goal of three million tonnes.

Key Highlights

• First Ore Targeted: Production of copper ore at Shaft 28 is officially expected to commence before the end of 2026.

• Dewatering Completed: Critical dewatering works, which required a capital investment of approximately US$600 million, have been successfully finalized.

• National Production Goals: The project contributes to Zambia's immediate target of 1 million tonnes of copper this year and the long-term 3-million-tonne vision.

Opportunity / Insight

For investors and local suppliers, the restart of Shaft 28 signals a significant injection of liquidity and activity into the Copperbelt’s industrial value chain. The completion of the US$600 million dewatering phase transitions the project from a rehabilitation stage to an active production stage, likely increasing the demand for engineering services, consumables, and logistics. Corporate leaders should view this as a validation of the government's "methodical" approach to mining sector stability, which is essential for long-term capital planning.

Tags  #Business #Zambia #Mining #Investment #Copperbelt #EconomicGrowth

SOURCE: https://znbc.co.zm/?p=12604 

China and Zambia Sign Grant Agreement for Joint Development Projects

Date: May 1, 2026

Zambia and China have formalized a new development cooperation agreement aimed at accelerating joint infrastructure and social projects. The agreement, signed in Lusaka on April 24, 2026, involves a grant from the Chinese government to support the implementation of mutually agreed-upon initiatives.

The signing ceremony featured Chinese Ambassador to Zambia Han Jing and Zambian Finance Minister Situmbeko Musokotwane. This grant is expected to provide the necessary fiscal space for the Zambian government to execute critical developmental projects without increasing the national debt burden.

Key Highlights

• Grant Funding: China will provide Zambia with a direct grant to fund specific development cooperation projects.

• Bilateral Strengthening: The agreement marks a continuation of the long-standing economic and diplomatic partnership between Lusaka and Beijing.

Opportunity / Insight

For the Zambian business community and contractors, this grant represents a significant opportunity to participate in upcoming infrastructure or service-delivery projects funded by Chinese capital. Because the funding is a grant rather than a loan, it signals a shift toward sustainable development support, reducing concerns regarding debt sustainability while maintaining the momentum of national construction and modernization efforts.

Tags #Business #Zambia #China #Development #Investment #GrantAgreement #Infrastructure #Zambia2026

SOURCE: https://www.bignewsnetwork.com/news/279011295/zambia-lusaka-china-development-cooperation-agreement 

TVS Enters Zambia: A New Chapter for Commercial and Personal Mobility 

Date: April 25, 2026

Indian automotive giant TVS Motor Company officially entered the Zambian market, marking a major expansion of its African footprint. To spearhead its operations, TVS appointed Zamoto Manufacturing Limited as its authorized distributor.

This entry targets Zambia's rapidly growing need for "last-mile" logistics, affordable taxi services, and urban personal mobility.

🏍️ The Product Portfolio: Eight Specialized Models

TVS is launching a diverse lineup tailored to three distinct consumer segments in Zambia:

Segment Models Launched Key Value Proposition

Commercial / Taxi HLX Series (HLX 125 5G, HLX 150 5G, KS/ES) Known as the "Workhorse of Africa," engineered for rugged terrain and extreme fuel efficiency.

Personal Mobility ZT 125, NTORQ 125     Stylish, tech-enabled scooters and bikes for urban commuters.

Premium / Sport Apache RTR 180, RTR 200, RR 310 High-performance motorcycles.

🛠️ Infrastructure and Distribution

The partnership with Zamoto Manufacturing ensures that the "after-sales" experience is as robust as the vehicles themselves.

• Nationwide Network: Zamoto will facilitate a comprehensive sales, service, and spare parts (3S) network.

• Service Centers: Launching with three primary outlets and dedicated service centers equipped with genuine TVS spare parts.

🏛️ Leadership Perspectives

"We see strong growth across Zambia as the demand for efficient mobility solutions is increasing steadily in commercial mobility, including taxis and last-mile delivery services." — Moussa Jawad, CEO of Zamoto Manufacturing Limited

Tags #TVSMotor #ZamotoManufacturing #ZambiaAuto #HLX150 #LastMileDelivery #MotorcycleTaxi #ApacheRR310 #Zambia2026 #MobilitySolutions

SOURCE: https://auto.economictimes.indiatimes.com/amp/news/industry/tvs-motor-launches-in-zambia-with-zamoto-manufacturing-as-distributor/130405761 

A $315 Million Green Giant: Globeleq Unveils Zambia’s Largest Solar-Battery Hub 

Date: April 25, 2026.

On April 23, 2026, the leading independent power producer Globeleq announced a massive $315 million investment to develop the Leopard Hill solar-plus-storage project in Zambia.

This 250-megawatt (MW) hybrid facility is specifically designed to address Zambia’s energy crisis by providing "dispatchable" solar power—meaning the energy can be stored and used even after the sun goes down.

⚡ Project Specifications: The "Leopard Hill" Hub

Located just 25 kilometers southeast of Lusaka, this project represents one of the largest private-sector battery investments in Southern Africa.

• Solar Capacity: 250 MW of photovoltaic (PV) generation.

• Battery Storage: A 150 MW Battery Energy Storage System (BESS) capable of providing four hours of continuous power (600 MWh total).

• Impact: Once operational, it is expected to supply clean electricity to approximately 150,000 Zambian households.

• Timeline: Financial close is targeted for December 2026, with construction expected to finish by 2029.

🏗️ Strategic Partnerships and Regional Links

Globeleq’s investment is backed by major development finance institutions, including British International Investment (BII) and Norfund.

• Portfolio Synergy: Globeleq already owns the 56 MW Kafue Solar project and holds a 51% stake in the Lunsemfwa Hydro Power Company, positioning it as a dominant player in the Southern African Power Pool (SAPP).

• The Tanzania Link: The announcement coincides with news that Zambia Power Trader is investing $100 million in a high-voltage line linking Zambia to Tanzania.

💡Strategic Insight

The $315 million investment by Globeleq marks a structural shift in Zambia’s energy model—from reliance on intermittent generation to dispatchable renewable power. By combining solar PV with large-scale battery storage, the Leopard Hill project directly addresses the country’s core vulnerability: the inability of traditional solar to provide stable, round-the-clock supply. This positions battery-backed renewables not as supplementary energy, but as firm capacity capable of supporting industrial demand, including mining and urban load centers.

Tags #Globeleq #LeopardHill #SolarBattery #BESS #ZambiaEnergy #RenewableEnergy #ClimateResilience #Zambia2026 #SAPP

SOURCE:https://africa.businessinsider.com/local/markets/leading-african-power-producer-globeleq-to-build-dollar315-million-solar-battery/zym84bx 

The Smelter Bottleneck: Extended Outages Threaten Zambia’s 2026 Copper Goals 

Date: April 25, 2026

On April 20, 2026, reports emerged that Zambia’s two largest copper smelters—Mopani and Chambishi—are planning extended maintenance shutdowns later this year. These outages are expected to severely restrict both national copper output and the regional supply of sulphuric acid, a critical byproduct used in the leaching process for copper and cobalt extraction.

The disruptions come at a time of extreme global market volatility, further exacerbated by geopolitical conflict in the Middle East which has already throttled international chemical supply chains.

🏭 The Shutdown Schedule: Beyond Routine

While copper smelters typically undergo a 30-day maintenance cycle annually, the 2026 outages are significantly longer due to years of deferred maintenance and infrastructure underinvestment.

• Mopani Copper Mines (MCM): * June: A preliminary 3-day halt.

  • August – Mid-September: An extended 40–45 day shutdown.

  • Context: The mine is currently operating well below its 225,000-tonne capacity as its new owners, UAE-based International Resources Holding (IRH), attempt to balance active mining with simultaneous site development.

• Chambishi Copper Smelter: * August – September: A planned 60-day (two-month) shutdown.

  • Ownership: Operated as an 85% subsidiary of China Nonferrous Metal Mining Group (CNMC).

🧪 The Sulphuric Acid Crisis

Zambia produces approximately 2 million tonnes of sulphuric acid annually as a byproduct of smelting. This acid is the lifeblood of the "leaching" process used by mines in both Zambia and the neighboring Democratic Republic of Congo (DRC).

1. Depleted Inventories: Anthony Mukutuma, First Quantum Minerals’ country director, confirmed that domestic acid stocks are so low that there is effectively zero export capacity remaining.

2. Export Controls: In April 2026, the Zambian government tightened controls on sulphuric acid, requiring traders to obtain special permits to export the chemical, a move designed to protect domestic mine production.

3. DRC Impact: The DRC is the world’s largest cobalt producer and second-largest copper producer. With Zambian acid supply cut off and global routes disrupted by the Iran conflict, Congolese mines are now facing potential production cuts or forced usage reductions.

💡Strategic Insight

The planned shutdowns at Mopani Copper Mines and Chambishi Copper Smelter expose a critical structural weakness in Zambia’s mining value chain: processing capacity—not ore availability—is becoming the primary bottleneck. As smelters go offline, the ripple effect extends beyond copper output to sulphuric acid shortages, effectively constraining leaching operations across both Zambia and the DRC. This highlights how midstream infrastructure is now as strategically important as extraction itself in achieving national production targets.

At a broader level, the situation underscores the need for industrial resilience and redundancy within Zambia’s mining ecosystem. Heavy reliance on a few large smelters creates systemic risk, particularly during extended maintenance cycles. Going forward, investment in alternative processing capacity, acid production diversification, and regional supply chain coordination will be essential to stabilize output and safeguard Zambia’s ambition to scale copper production in a volatile global market. 

Tags #ZambiaCopper #Mopani #Chambishi #SulphuricAcid #MiningCrisis #Copperbelt #DRCMining #GreenEnergy #Zambia2026

SOURCE: https://www.businessday.co.za/world/africa/2026-04-20-zambia-smelter-shutdowns-threaten-copper-output-and-sulphuric-acid-supply/ 

Energy for Inclusion: BADEA Hands Over $500,000 Solar Project in Zambia 

Date: April 24, 2026

The President of the Arab Bank for Economic Development in Africa (BADEA), Mr. Abdullah Almusaibeeh, visited the Mayukwayukwa Refugee Settlement in Zambia’s Western Province to officially hand over a US$500,000 solarization project.

The initiative, implemented in partnership with UNHCR and the Zambian Goverment, brings reliable, off-grid electricity to two of Zambia's most critical refugee-hosting areas: Mayukwayukwa (one of Africa's oldest settlements) and Mantapala in Luapula Province.

💡 Impact at a Glance: Energy for 50,000 People

The project focuses on transforming public service delivery by replacing hazardous and unreliable energy sources with sustainable solar infrastructure.

Infrastructure Type Facilities Solarized Key Outcomes

Education 6 Schools (Primary & Secondary)     Extended study hours, ICT access, and elimination of kerosene lamps.

Healthcare 4 Rural Health Centres (RHC)             Safe nighttime deliveries, maintained cold chains for vaccines/medicines.

Public Safety 100 Solar Streetlights     Improved security and enabled nighttime economic activity in markets.

🌍 Strategic Significance: The Global Refugee Forum

This project is a direct realization of Zambia’s pledges under the Global Refugee Forum, shifting the focus from "emergency aid" to sustainable development that benefits both refugees and their Zambian hosts.

• Inclusive Growth: By improving infrastructure in host areas, the project reduces the strain on local resources and fosters social cohesion between the 27,000+ displaced people and the surrounding Zambian population.

• Local Ownership: The BADEA delegation observed trained community technicians managing the systems, ensuring that the infrastructure remains operational and self-sustaining for years to come.

• National Alignment: The project supports Zambia’s 8th National Development Plan (8NDP) by expanding rural electrification through renewable energy.

🏛️ Leadership Perspectives

"Access to reliable and sustainable energy is a fundamental enabler of development. Today, we are not merely inaugurating a project—we are celebrating hope, resilience, and partnership."

— Mr. Abdullah Almusaibeeh, President of BADEA

Tags #BADEA #UNHCR #Mayukwayukwa #SolarZambia #RenewableEnergy #RefugeeSupport #WesternProvince #RuralElectrification #Zambia2026

SOURCE: https://www.unhcr.org/africa/news/press-releases/president-arab-bank-economic-development-africa-badea-visits-zambia-handover 

Connecting the Future: Inside the Ministry of Education’s School Connectivity Drive 

Date: April 22, 2026

On April 17, 2026, the Ministry of Education in Zambia finalized a landmark agreement with a high-level coalition of telecommunications companies and financial institutions to drive a nation-wide School Connectivity Initiative.

The goal is to bridge the digital divide by connecting an additional 2,500 schools to high-speed internet by the end of 2026.

🤝 The Partnership Coalition

The initiative represents one of the most comprehensive public-private partnerships (PPP) in Zambia’s education history, involving the "Big Three" telecoms and all major commercial banks.

Sector             Participating Entities

Telecommunications: Zamtel, Airtel Zambia, MTN Zambia

Financial Institutions:  Absa, FNB, Stanbic Bank, Standard Chartered, Zanaco

Government & Regulators: Presidential Delivery Unit (PDU), Smart Zambia, ZICTA, ZAMREN

🎯 Strategic Objectives for 2026

The Ministry has outlined a clear roadmap for how this connectivity will transform the Zambian classroom.

• Curriculum Alignment: The rollout directly supports the new national curriculum’s emphasis on Digital Literacy and Computer Science.

• Modern Pedagogy: Reliable internet will allow teachers to move away from static textbooks toward interactive, cloud-based learning tools.

• Rural Inclusivity: A core mandate of the partnership is ensuring that rural and "hard-to-reach" schools are not left behind.

Strategic Insight

The nationwide connectivity push, led by the Ministry of Education in collaboration with entities like Smart Zambia Institute and Zambia Information and Communications Technology Authority, represents a system-level intervention in human capital development. By integrating telecom operators and financial institutions into a single execution framework, Zambia is effectively treating digital access as core national infrastructure, not a peripheral education add-on—positioning connectivity as foundational to future workforce competitiveness.

Critically, the success of this initiative will hinge on last-mile delivery and usability, not just network rollout. Connecting 2,500 schools is only the first layer; sustained impact depends on device access, teacher training, and consistent service quality, particularly in rural areas. If executed effectively, this model could redefine education delivery and significantly narrow Zambia’s urban-rural digital divide.

Tags #ZambiaEducation #SchoolConnectivity #SmartZambia #ZICTA #DigitalLiteracy #Zambia2026 #EdTech #PublicPrivatePartnership #RuralConnectivity

SOURCE: https://techafricanews.com/2026/04/17/zambia-ministry-of-education-secures-telecom-and-banking-support-for-school-internet-expansion/ 

Breakeven and Beyond: Firering Secures Major Copperbelt Offtake Deal 

Date: April 22, 2026

Firering Strategic Minerals announced a transformative milestone for its Zambian subsidiary, Limeco. The company has secured a formal two-year offtake agreement with a major international copper producer, solidifying its role as a critical supplier to the Copperbelt's metallurgical value chain.

Crucially, the operation achieved operational breakeven in March 2026, signaling that Limeco is moving from a development phase into a self-sustaining, high-growth industrial asset.

📦 The Offtake Deal: Hydrated Lime Focus

The agreement formalizes a successful trial period with a Tier-1 mining customer and highlights the demand for high-quality reagents in copper processing.

• Commitment: Minimum supply of 1,350 tonnes of hydrated lime annually.

• Current Performance: Demand is already outpacing the minimum; April deliveries have already hit roughly 33% of the annual minimum commitment in just one month.

• Premium Pricing: Firering is pivoting its product mix toward hydrated lime, which commands a 20% to 30% price premium over standard quicklime, significantly boosting profit margins.

🏗️ Operational Ramp-Up: The Kiln Strategy

Limeco is aggressively expanding its capacity at its site near Lusaka to meet the growing demand from both the mining and construction sectors.

• Kiln 2 Success: Recent modifications have made Kiln 2 the flagship unit, now outperforming Kiln 1 and operating at near-target capacity.

• Upgrades in Progress: Kiln 1 is currently offline for similar technical upgrades to match Kiln 2’s efficiency.

• Future Expansion:

  • Kiln 3: Targeted for commissioning in Q3 2026.

  • Kiln 4: Targeted for commissioning in Q4 2026.

🌦️ Challenges and Mitigation

Despite the positive trajectory, the company is managing environmental factors typical of the Zambian rainy season.

• Dewatering Program: Limeco is currently dewatering its open-pit mine following heavy rains. This work is essential to allow mining operations to resume at full scale later in the year.

• Stockpiles: The company confirmed it holds sufficient limestone stock to maintain production and meet all offtake commitments during the dewatering phase.

🏛️ Executive Perspective

"Formalising a two-year offtake contract with a major international copper producer validates Limeco's product quality and position as a reliable supplier... Reaching breakeven in March gives us real confidence in the trajectory of the business." — Youval Rasin, Chairman and Interim CEO of Firering Strategic Minerals

Tags #FireringStrategicMinerals #Limeco #ZambiaMining #Copperbelt #HydratedLime #OfftakeAgreement #AIM #Zambia2026 #IndustrialMinerals

SOURCE: https://www.lse.co.uk/news/firering-lime-operation-in-zambia-secures-offtake-deal-qkgn3r3ylikaiv5.html 

🎊Introducing the Zambia Lodge Finder: Your All-in-One Gateway to the Real Africa

Date: April 19, 2026

Exploring the breathtaking landscapes of Zambia—from the thunderous Victoria Falls to the wild plains of the South Luangwa—has never been easier. SB Corporate Hub is proud to announce the launch of the Zambia Lodge Finder, a premier digital platform designed to streamline travel planning for adventurers, tourists, and business travelers alike.

Zambia is a land of incredible diversity, and our goal was to create a tool that reflects that richness while removing the stress of logistics.

A Unified Travel Experience

The Zambia Lodge Finder isn't just a directory; it is a comprehensive travel ecosystem. We’ve integrated five core features to ensure every aspect of your journey is covered:

• Premium Hotel & Lodges: Discover a curated selection of accommodations. Whether you are looking for a luxury riverside suite, a remote bush camp, or a convenient city stay, our platform provides detailed insights and high-quality visuals to help you choose.

• Local Tours: Experience Zambia through the eyes of experts. From walking safaris and sunset river cruises to cultural village tours, you can find and book authentic experiences directly.

• Car Rentals: Navigating Zambia requires the right wheels. Our platform connects you with reliable car rental services, offering everything from city-ready sedans to rugged 4x4s built for the terrain.

• Trip Planner: Say goodbye to scattered notes and messy spreadsheets. Our integrated Trip Planner allows you to build a structured, day-by-day itinerary, keeping all your plans in one organized place.

• Wishlist: Inspiration can strike at any time. Use the Wishlist feature to save your favorite lodges and activities as you browse, making it easy to return to them when you’re ready to book.

Built by SB Corporate Hub

As a company dedicated to innovation and local growth, SB Corporate Hub developed this platform to bridge the gap between Zambia’s world-class hospitality providers and global travelers. We believe that by digitizing the discovery process, we can help local businesses thrive while giving travelers the confidence to explore more of what our beautiful country has to offer.

🔊Partner With Us: Get Your Business Listed

Are you a lodge owner, a tour operator, or a car rental provider in Zambia? We want to help you reach a wider audience.

The Zambia Lodge Finder is a growing ecosystem, and we are actively inviting new partners to list their services. By joining our platform, you gain visibility among a targeted audience of travelers specifically looking for Zambian excellence.

The process is simple:

1. Reach Out: Contact SB Corporate Hub via our website.

2. Onboard: Share your business details and high-quality media.

3. Go Live: Let us showcase your services to the world.

Start Your Adventure Today

Whether you are planning your first safari or your tenth business trip to the Copperbelt, let the Zambia Lodge Finder be your guide.

Explore the platform now: https://zambia-lodge-finder-17.netlify.app/

Your journey through the Real Africa starts here.

The Hub of Industry: Solwezi Airport to Host Inaugural MMA Expo in May 2026

Date: April 18, 2026.

ZACL has confirmed Solwezi Airport as the official host partner for the inaugural Solwezi Motor, Mining, and Agriculture (MMA) Expo, set to take place from May 8 to 9, 2026. Organized by Lusaka Happening, this flagship event positions the airport as a strategic hub for trade and industrial collaboration rather than just a transit point.

The move marks a significant shift in how Zambia utilizes its airport infrastructure to stimulate growth in the "New Copperbelt" of the North-Western Province.

🚜 The Solwezi MMA Expo: A Triple-Sector Showcase

The expo is designed to unite stakeholders from three of Zambia's most productive sectors to share innovations and equipment.

• Motor: Showcasing heavy-duty vehicles and commercial transport solutions.

• Mining: Featuring tech and equipment for Solwezi's major mines (Kansanshi, Lumwana, and Sentinel).

• Agriculture: Highlighting the region's emerging commercial farming potential.

🛫 Solwezi Airport’s Infrastructure Upgrade

To support the expo and the region's expanding economy, the government recently confirmed a facelift for the airport.

• 24-Hour Operations: Minister of Transport Frank Tayali confirmed plans to install an Airfield Ground Lighting System to support night-time flights.

🏛️ Executive Perspective

"By hosting this Expo at Solwezi Airport, we are supporting key productive sectors while unlocking economic opportunities for the North-Western Province and the country at large." — Mr. Urvesh Desai, Managing Director of ZACL.

Tag #SolweziMMA #ZACL #SolweziAirport #MiningZambia #AgriTech #LusakaHappening #NorthWesternProvince #Zambia2026 #TradeExpo

SOURCES:https://www.youtube.com/watch?v=qS8asU5Nz4I https://www.mwebantu.com/%F0%9D%97%AD%F0%9D%97%94%F0%9D%97%96%F0%9D%97%9F-%F0%9D%97%96%F0%9D%97%BC%F0%9D%97%BB%F0%9D%97%B3%F0%9D%97%B6%F0%9D%97%BF%F0%9D%97%BA%F0%9D%98%80-%F0%9D%97%A6%F0%9D%97%BC%F0%9D%97%B9%F0%9D%98%84/

Accelerating the Harvest: IITA Launches Africa’s First Soybean Speed Breeding Hub 

Date: April 18, 2026

The International Institute of Tropical Agriculture (IITA) inaugurated Africa’s first specialized soybean speed breeding facility in Zambia. This landmark development is set to revolutionize the agricultural landscape of Sub-Saharan Africa by slashing the time it takes to bring high-performing seeds to market.

This facility is only the second speed breeding center on the continent (following a wheat/barley facility in Morocco) and the first specifically dedicated to tropical legumes like soybean and cowpea.

⚡ What is "Speed Breeding"?

Traditional breeding relies on natural seasons, meaning researchers often get only one or two generations of a crop per year. Speed breeding bypasses nature to create "perpetual summer" conditions.

• Environmental Optimization: By precisely controlling light (LEDs), temperature, and humidity, the facility triggers plants to grow and flower much faster.

• The Results: Researchers can now produce multiple generations in a single year.

• Time Savings: The development cycle for a new soybean variety—from initial cross to farmer-ready seed—will drop from 8 years down to just 4 or 5 years.

🎯 Strategic Importance for Zambia and the Region

Zambia has emerged as a regional soybean powerhouse, but the industry faces significant hurdles that this facility aims to solve.

1. The 1-Million Ton Goal: The facility is a cornerstone of Zambia’s national target to produce one million tons of soybean by 2030.

2. Fighting Soybean Rust: This devastating fungal disease can wipe out entire harvests. The facility will accelerate the breeding of rust-resistant varieties that don't require expensive fungicides.

3. Climate Resilience: Scientists are focusing on early-to-medium maturing varieties that can survive shorter or erratic rainy seasons.

4. Economic Engine: Soybeans are the "gold standard" for Zambia’s poultry industry (feed) and emerging agro-processing (oil and milk), providing a critical income stream for smallholder farmers.

🏛️ Leadership and Partnerships

The facility serves as a hub for the Soybean Improvement Network, supported by the Bill & Melinda Gates Foundation.

"This facility strengthens our ability to respond to the growing global demand for soybeans... Achieving our targets requires innovation and access to high-performing varieties." — Chizumba Shepande, Zambia’s Director of Agriculture

"Our focus is on traits that are critical for smallholder farmers—high-yielding, climate-resilient, and disease-resistant." — Dr. David Chikoye, IITA Southern Africa Hub Director

Tags #SpeedBreeding #IITA #ZambiaAgriculture #Soybean #FoodSecurity #AgriTech #GatesFoundation #Zambia2030 #ClimateResilience

SOURCE: https://ratin.net/home/news/article/747 

Scaling the Missing Middle: TLG Capital Injects $5M into Shona Capital Zambia 

Date: April 18, 2026

TLG Capital announced the closing of a $5 million scaling facility for Shona Capital Zambia. This marks TLG Capital’s first entry into the Zambian market, funded through its Africa Growth Impact Fund II.

The investment specifically targets the "Missing Middle"—Zambian SMEs that are too large for microfinance but struggle to meet the rigid documentation requirements of traditional commercial banks.

🚀 Shona Capital: Closing the $2 Billion SME Gap

In Zambia, small and medium enterprises face an estimated $2 billion financing gap. Shona Capital has positioned itself as a "fast and flexible" alternative to traditional lenders by focusing on cash-flow-based lending rather than just collateral.

The Shona Advantage:

• Target Corridor: Loans ranging from $10,000 to $100,000.

• Speed of Execution: Disbursement within 5 days, compared to the weeks or months typical of commercial banks.

• Underwriting Philosophy: Focuses on understanding the specific business cycle and growth potential of the borrower.

🏛️ Leadership Perspectives

"Zambia’s SME financing gap is $2 billion, and the hardest part to close is the middle—businesses too established for microfinance, too informal for a commercial bank." — Isha Doshi, Co-founder and Partner at TLG Capital

"What we set out to build was a borrower experience rooted in understanding the business first—the cash flows, the cycle, the growth potential—and structuring around that." — Kayinja Mfuni, CEO of Shona Capital Zambia

Tags#TLGCapital #ShonaCapital #ZambiaSME #PrivateCredit #SMELending #FinancialInclusion #ImpactInvesting #Zambia2026 #MissingMiddle

SOURCE: https://www.africaprivateequitynews.com/p/tlg-capital-closes-5m-scaling-facility 

Grassroots Growth: Government Injects K700,000 into Kanchibiya Small Businesses 

Date: April 17, 2026

The Government of Zambia has intensified its grassroots economic agenda by allocating K700,000 to empower small-scale entrepreneurs in Kanchibiya District, Muchinga Province. This targeted funding, announced on April 8, 2026, is designed to provide immediate liquidity to market traders, youth, and shop owners who form the backbone of the district's local economy.

The initiative is being spearheaded by the Ministry of Small and Medium Enterprises Development and executed through the Citizens Economic Empowerment Commission (CEEC).

💰 Funding Breakdown: The "Booster" Packages

The empowerment scheme is structured into three distinct tiers to ensure that different levels of business operations receive appropriate capital.

Target Group Loan Type / Package Amount Range

Market Cooperatives Marketeer Booster Loan Reloaded K100,000 – K200,000

Shop Owners Business Scale-up Loan Up to K20,000

Youth Entrepreneurs Youth Empowerment Loan K1,000 – K5,00

🗺️ Geographic Rollout: Starting in Chalabesa

Minister Mufunelo Malama confirmed that the rollout will be phased to ensure effective monitoring and disbursement.

• Phase 1: Chalabesa (Initial launch site)

• Subsequent Areas: Kabulamwiko, Chambeshi, and Mpepo.

By targeting these specific clusters, the CEEC aims to stimulate "localized" economic hubs, reducing the need for traders to travel long distances for basic commodities and services.

🏛️ Support from Traditional Leadership

The initiative has received significant backing from local traditional authorities, who play a critical role in community mobilization and the validation of beneficiaries.

• Chief Luchembe and Chief Kopa praised the intervention as "timely,"

Tags #Kanchibiya #CEEC #SMEZambia #MuchingaProvince #YouthEmpowerment #MarketeerBooster #GrassrootsGrowth #Zambia2026

SOURCE: https://znbc.co.zm/?p=12116

The March Surge: Zambia PMI Hits 51.4 as New Orders Reach 6-Month High 

Date: April 17, 2026. 

The Stanbic Bank Zambia PMI for March 2026 reached a six-month high of 51.4, signaling a definitive return to growth for the Zambian private sector. After a dip to 49.3 in February, the index surged past the 50.0 neutral threshold, driven by the fastest rise in new orders since September of the previous year.

While the "headline" growth is robust, the report reveals a complex internal landscape: firms are seeing more demand but are simultaneously cutting staff and slashing prices to remain competitive in a shifting global economy.

📊 Key Performance Metrics (March 2026)

The jump to 51.4 represents a significant stabilization of business conditions as the first quarter of 2026 concludes.

Metric March Status Direction

Headline PMI 51.4 ⬆️ Expansion

New Orders Strong Rise ⬆️ Growth

Employment Falling ⬇️ Contraction

Output Charges Sharp Fall ⬇️ Deflation

Confidence 10-Month High ⬆️ Optimistic

📉 The Pricing Paradox: Stagnant Costs vs. Falling Prices

One of the most striking findings in the March report is the divergence in pricing strategies.

• Input Costs: Overall costs were "broadly stagnant." While wage bills rose at the fastest pace in six months (due to cost-of-living and motivational payments), this was offset by a fall in purchase prices, aided by favorable exchange rate movements.

• Selling Prices: In a bid to stay competitive and pass through currency-related savings, Zambian firms cut their output charges at the sharpest pace in nearly six years.

🏗️ Operations and Supply Chain Hurdles

Despite the optimism, the "geopolitical shadow" is affecting Zambian logistics.

1. Vendor Performance: For the first time since December 2024, supplier delivery times lengthened.

2. The "Middle East Factor": Survey respondents cited disruptions to international supply chains linked to conflict in the Middle East, alongside domestic road transportation delays.

3. Backlogs: The surge in new orders, combined with logistics delays, caused a fresh rise in "backlogs of work," prompting firms to increase their input buying to meet future demand.

🏛️ Expert Perspective

"Zambia’s private sector saw a modest recovery in March 2026... Broadly stable total costs, falling selling prices and stronger business confidence supported the upturn, although firms continued to reduce staff with lingering wage cost pressures."

— Musenge Komeki, Head of Sales at Stanbic Bank

Tags #ZambiaPMI #StanbicBank #SPGlobal #ZambiaEconomy #BusinessConfidence #SupplyChain #Mining #Manufacturing #Zambia2026

SOURCE: https://www.pmi.spglobal.com/Public/Home/PressRelease/352a0a0b36c04574a86f6367e2e801ae 

The 16:15 Rule: Livingstone Crocodile Park Clarifies Policy After Pompi Incident 

Date: Aprile 9, 2026

The incident involving the award-winning gospel musician Pompi and Livingstone Crocodile Park highlights a classic clash between visitor expectations and operational realities. Published on April 6, 2026, the story centers on the "strictly observed" closing times of one of Livingstone's most popular family attractions.

🐊 The Incident: A 20-Minute Dispute

Pompi, the celebrated singer behind the hit "Silence," took to social media to express his frustration after traveling with his family to the park on a holiday.

• The Timeline: Pompi arrived at the entrance at 16:40 hours.

• The Conflict: Despite the official closing time of 17:00 hours, the staff denied him entry.

• The Grievance: Pompi argued that arriving 20 minutes before the stated closing time should be sufficient for a visit.

🏛️ The Park’s Response: "Tours Take Time"

Management at Livingstone Crocodile Park issued a clarifying statement to manage the social media backlash. Their defense rests on the duration of the experience rather than the literal hour of closing.

1. Mandatory Cut-off: Staff are instructed not to admit visitors after 16:15 hours.

2. Educational Depth: Standard tours range from 45 to 90 minutes. Admitting a family at 16:40 would mean staff working well past their shifts, which management described as "especially tiring" during holiday periods.

3. Staff Welfare: The park emphasized the importance of respecting staff hours, especially after high-traffic holidays like Easter.

"We would like to remind the public that our tours can take between 45 and 90 minutes... staff are instructed not to accept entries after 16:15 hours." — Livingstone Crocodile Park Management

🕊️ The Olive Branch

In a move to de-escalate the situation, the park extended a public invitation to Pompi and his family to return for a hosted visit—provided they arrive within the "normal" visiting window.

Tags #Pompi #LivingstoneCrocodilePark #ZambiaTourism #TravelTips #Mwebantu #Livingstone2026 #CustomerService #ZambianMusic

SOURCE: https://www.mwebantu.com/livingstone-crocodile-park-responds-to-pompi/ 

Solar with a Premium: Zambia Opens 300MW CFIP Tender for Solar + Storage 

Date: April 5, 2026

Zambia has officially entered a new era of "dispatchable" renewable energy. On April 2, 2026, the Ministry of Green Economy and Environment, alongside the Ministry of Energy, launched a 300MW solar photovoltaic (PV) tender under the Carbon Feed-In Premium (CFIP) scheme.

This tender is a direct strategic move to diversify Zambia's energy mix, which has historically been over-reliant on hydro-power, by leveraging carbon-offset financing to make solar-plus-storage projects economically viable.

⚡ The CFIP Solar Tender: Key Specifications

This first window is highly specific, targeting medium-to-large-scale installations that can contribute to grid stability.

• Total Capacity: Up to 300MWac across multiple projects.

• Individual Project Size: Between 30MWac and 100MWac.

• Storage Mandate: Every project must include an on-site Battery Energy Storage System (BESS) with at least a 30-minute duration.

• Offtake Requirement: At least 50% of the power must be sold to ZESCO or its subsidiaries.

• Submission Deadline: May 31, 2026.

🔄 The CFIP "Approval Pipeline"

The CFIP mechanism introduces a unique tiered screening process involving both technical steering committees and commercial banks.

1. Steering Committee Screening: Initial evaluation based on "Annex 1" eligibility and core principles.

2. NACA Fund Due Diligence: A deep-dive audit to ensure projects meet environmental and financial safeguards.

3. ZANACO Contracting: As the CFIP Fund Manager, ZANACO will issue standardized contracts to successful bidders, defining the premium price and payment terms.

💡Strategic Insight

The CFIP tender launched by the Ministry of Energy Zambia and the Ministry of Green Economy and Environment represents a structural shift from intermittent renewables to dispatchable clean energy, with the inclusion of Battery Energy Storage Systems (BESS) addressing one of solar’s core limitations—reliability. By anchoring offtake through ZESCO and integrating financing mechanisms, the model reduces investor risk while aligning projects with national grid stability needs.

More broadly, the CFIP framework positions Zambia to leverage carbon markets as a financing tool for energy transition, rather than relying solely on traditional public funding. If executed effectively, this could unlock scalable private sector participation in renewables; however, success will depend on regulatory clarity, bankability of contracts, and the operational integration of storage into the national grid

Tags #ZambiaEnergy #SolarPV #CFIP #GreenEconomy #BESS #ZESCO #RenewableEnergy #ZANACO #Zambia2026 #NACA

SOURCES: https://www.moe.gov.zm/wp-content/uploads/2026/04/CFIP-Call-For-Proposal-2026-03-27.pdf  https://www.moe.gov.zm/?p=5667 

$2 Billion Milestone: LS-MFEZ Declares K10.4M Dividend Amid Industrial Surge 

Date: April 5, 2026 

The Lusaka South Multi-Facility Economic Zone (LS-MFEZ) held its 6th Annual General Meeting on April 2, 2026, confirming its transition from a government-subsidized project to a highly profitable industrial engine. For the fifth time, the zone has declared a dividend—this year totaling K10.4 million.

The zone has now officially crossed the US$2 billion mark in cumulative investment, solidifying its status as Zambia's premier industrial hub.

📊 2025 Financial Performance: Efficiency Over Volume

While net profits saw a slight dip compared to 2024, the underlying "gross" performance indicates that the zone is becoming more efficient at managing its vast infrastructure.

Financial Metric 2025 Results Comparison to 2024

Total Revenue K151.19 Million ⬆️ 3%

Gross Profit K89.6 Million ⬆️ 11.2%

Net Profit K23.2 Million ⬇️ (vs K29.1M)

Dividend Declared K10.4 Million Fifth Consecutive Payout

🏗️ Major 2025 Milestones & Industrial Growth

Acting Managing Director Inonge Noyoo-Gondwe highlighted that the zone is no longer just "vacant land" but a functioning city within a city.

• Indo Zambia Bank (IZB): The onboarding of IZB as the zone's first commercial investor is a game-changer. Construction on a full-service banking facility begins in 2026, providing on-site financial services for the 39 operational industries.

• Libala Water Works Project: Secured K49 million in financing to build a bulk water pipeline, ensuring the massive industrial demand from beverage and chemical plants is met.

• Land Allocation: 28 new investors were signed in 2025 alone, taking up 118 hectares of industrial space.

⚡ The 2026 Outlook: Energy Autonomy

The most significant strategic shift for 2026 is LS-MFEZ becoming its own utility provider.

1. Power Distribution License: The Energy Regulation Board (ERB) has officially granted LS-MFEZ a license to distribute power directly to its tenants.

2. 10-Year ZESCO Agreement: A decade-long Power Purchase Agreement ensures a steady bulk supply, which the MFEZ will then manage and bill internally.

3. Warehouse Infrastructure: The company is diversifying its revenue by moving into commercial real estate, constructing its own warehouses to lease to smaller SMEs that cannot afford to build their own factories.

💼 Employment Impact

The zone is now one of the largest single-site employers in the country:

• Jobs Created in 2025: 5,000+

• Total Workforce to Date: 39,000 Employees

• Active Construction: 19 additional investors currently have active building sites.

💡Strategic Insight

The performance of the Lusaka South Multi Facility Economic Zone marks a clear transition from state-led industrial policy to self-sustaining economic infrastructure. Consistent dividend payouts and surpassing the $2 billion investment threshold indicate that the zone has moved beyond incubation into a mature, revenue-generating industrial ecosystem, capable of attracting and retaining long-term investors.

More critically, the shift toward energy autonomy—enabled by the Energy Regulation Board license and partnership with ZESCO Limited—positions the zone as a controlled operating environment, reducing one of Zambia’s biggest industrial risks: power instability. If successfully executed, this model could redefine how industrial parks operate in the region, evolving into fully integrated economic clusters with independent utilities, financing access, and infrastructure, thereby accelerating industrialization and SME participation.

Tags #LSMFEZ #ZambiaIndustrialization #IndoZambiaBank #ZESCO #ERB #EconomicGrowth #Zambia2026 #Dividend #JobCreation 

SOURCE: https://www.daily-mail.co.zm/2026/04/02/ls-mfez-declares-k10-4m-dividend/ 

The Kafue Industrial Boom: 13 Chinese Firms to Invest $195M in Golden Baobab MFEZ 

Date: April 5, 2026 

The issuance of 13 investment permits on April 2, 2026, marks a significant industrial expansion for Kafue District. The Zambia Development Agency (ZDA) has officially greenlit a US$195 million collective investment from Chinese enterprises into the Golden Baobab Multi-Facility Economic Zone (MFEZ).

This development is expected to be a major engine for employment, with a projected 7,800 new jobs to be created across five high-priority sectors.

🏗️ The Golden Baobab MFEZ: A New Industrial Hub

Located in Kafue, just 40km south of Lusaka, the Golden Baobab MFEZ is strategically positioned to serve as a satellite industrial zone for the capital, easing congestion while utilizing Kafue’s established transport links.

Sectoral Breakdown of the $195M Investment

The 13 newly permitted enterprises will operate within an integrated framework designed to create "industrial clusters."

• Manufacturing 

• Energy

• Agro-Processing

• Construction

• Transport

💡Strategic Insight

The investment approvals by the Zambia Development Agency into the Golden Baobab MFEZ reflect a deliberate push toward cluster-based industrialization, where multiple sectors—manufacturing, energy, and agro-processing—are co-located to drive efficiency and value addition. This model moves Zambia beyond raw material export toward integrated production ecosystems, with Kafue emerging as a strategic satellite hub to Lusaka.

At a broader level, the influx of Chinese investment highlights Zambia’s growing role in global production and supply chains, particularly within infrastructure-led development frameworks. However, the long-term impact will depend on how effectively these investments translate into local value creation, skills transfer, and sustainable employment, rather than remaining enclave-style industrial activity

Tags #GoldenBaobabMFEZ #ZDA #ZambiaInvestment #KafueIndustrialization #FDI #ChinaZambia #Manufacturing #JobCreation #Zambia2026

SOURCE: https://english.news.cn/africa//20260403/9c03a125dad04d78b56e479b7cceab1f/c.html https://zda.org.zm/zda-hands-over-13-mfez-permits-worth-usd-195-million-and-projected-to-create-7800-jobs/ 

The Golden Baobab Handover: How Diamond Promotions Executed Kafue’s Biggest Industrial Event

The high-profile ZDA Permit Handover Ceremony held on April 2, 2026, was a masterclass in corporate event execution, managed by Diamond Promotions and Events. The ceremony marked the official granting of 13 (and up to 15 in final stages) investment permits for the Golden Baobab Multi-Facility Economic Zone (MFEZ) in Kafue.

The event’s success was a direct reflection of the "Full-Service" expertise advertised on the Diamond Promotions and Events portfolio.

💎 Diamond Promotions and Events: The Execution Experts

As seen in their official promotional material, Diamond Promotions and Events provided the end-to-end infrastructure for the ZDA ceremony. Their involvement ensured that a complex industrial milestone felt like a premium, world-class event.

Services Rendered at the Ceremony:

• Creative Planning & Visual Design: The venue featured high-end stage lighting, branded backdrops for the ZDA and Golden Baobab MFEZ, and a layout that balanced the industrial setting with corporate elegance.

• Material Production: Custom ZDA signage were designed to provide the perfect photo opportunity for ZDA Director General Albert Halwampa and the investors.

• On-site Execution: Diamond managed the flow of the event, from the arrival of the Chinese delegates and government officials to the close of the event.

• One-Stop Rental: The firm provided all essential physical assets, including:

  • Premium Event Tents: High-peak marquees that kept the VIPs comfortable in the Kafue heat.

  • Tables, Carpets & Floral Decor: Bringing a "Ruby" and "Diamond" level of finish to a dusty industrial site.

🏢 The Event: Scaling the Golden Baobab MFEZ

The ceremony was more than a formal handover; it was a media showcase of Zambia's growing industrial capability.

• The Investment: The 13 permits represent a US$195 million commitment.

• The Impact: Projected creation of 7,800 jobs in manufacturing, energy, and agro-processing.

• Strategic Guest List: Diamond Promotions and Events coordinated an audience that included the ZDA Board Chairperson Prof. Biemba Maliti, the Golden Baobab Park Director Huang Pengqi, and international trade observers.

📞 Contact Diamond Promotions and Events

If you are planning a high-level government forum, a brand roadshow, wedding ceremonies trade shows, private parties, Brand Road shows,  a project ceremony and many more, the team behind the ZDA's success is available: 

• Pauline: 0973 727 455

• Ruby: 0770 707 296

• Location: Serval Road, Lubwa Area, Lusaka.

Tags #DiamondPromotions #ZDA #GoldenBaobabMFEZ #EventPlanningZambia #ZambiaInvestment #Kafue #CorporateEvents #Zambia2026 #AlbertHalwampa

Centralizing Zambia’s Gold: Government to Launch State-Owned Gold  Processing Hub in Mumbwa 

Date: April 5, 2026 

he approval of the Mumbwa Gold Processing Hub on April 2, 2026, represents a significant shift in how Zambia manages its precious metal resources. By transitioning from fragmented, small-scale operations to a centralized, government-owned facility, the Ministry of Mines and Minerals Development aims to formalize the sector while drastically reducing the environmental footprint of gold production.

The project received its environmental clearance during the Zambia Environmental Management Agency (ZEMA)’s third Environmental Assessment Committee meeting.

🪙 Key Specifications of the Mumbwa Hub

The facility is designed to be the primary processing node for both artisanal and small-scale miners in the Central Province.

• Annual Capacity: Up to 15 tons of gold per year.

• Owner: Government of the Republic of Zambia (Ministry of Mines).

• Location: Mumbwa District, Central Province.

🌿 Environmental & Economic Impact

ZEMA Manager for Corporate Affairs Ruth Kamwi highlighted that the hub's primary benefit is environmental containment.

1. Risk Reduction: Centralizing processing allows for superior management of tailings (waste) and toxic chemicals like mercury or cyanide, which are often mishandled in unregulated sites.

2. Regulatory Oversight: It is easier for ZEMA to monitor one high-capacity site than dozens of smaller, remote operations.

3. Revenue Capture: By bringing "informal" gold into a government-monitored facility, the state can better track production, curb smuggling, and ensure fair royalties are paid.

📈 ZEMA’s Broader 2026 Approval Wave

The gold hub was part of a major administrative push by ZEMA to clear its project backlog.

• Applications Reviewed: 134 projects.

• Total Approvals: 124 projects across mining, energy, and agriculture.

💡Strategic Insight

The approval of the Mumbwa Gold Processing Hub by the Zambia Environmental Management Agency reflects a broader policy shift toward formalizing and centralizing artisanal mining activities. By consolidating gold processing under a state-controlled facility, the government is positioning itself to improve regulatory oversight, environmental management, and revenue collection, particularly in a sector historically characterized by informality and leakage.

At a structural level, this model signals a move toward resource governance and value retention, where the state plays a more active role in controlling processing nodes rather than leaving value chains fragmented. If effectively implemented, it could reduce smuggling and environmental damage; however, success will depend on miner compliance, operational efficiency, and the ability to integrate small-scale producers into a transparent and economically viable system.

Tag  #ZambiaGold #Mumbwa #ZEMA #GoldProcessing #MiningReform #CentralProvince #Zambia2026 #EnvironmentalProtection

SOURCES: https://www.sabcnews.com/sabcnews/zema-approves-gold-processing-hub-in-mumbwa-district/#:~:text=ZEMA%20Manager%20for%20Corporate%20Affairs,of%20having%20multiple%20processing%20plants. https://www.openzambia.com/economics/2024/9/26/government-establish-gold-processing-plant-in-mumbwa#:~:text=The%20Government%20has%20since%20bought,and%20out%20of%20the%20country. https://icutvzm.com/articles/zema-approves-gold-processing-hub-in-mumbwa#:~:text=The%20initiative%20is%20being%20spearheaded,124%20projects%20across%20various%20sectors. 

The Hormuz Ripple Effect: Why Zambia is Restricting Sulphuric Acid Exports 

Date: April 5, 2026

The Zambian government, through the Ministry of Commerce, Trade and Industry, has officially implemented a permit system for sulphuric acid exports as of March 27, 2026. This move, codified under Statutory Instrument No. 17 of 2026, is a strategic intervention to stabilize the local market amidst a severe regional supply crunch.

The controls are a direct response to the Strait of Hormuz closure, which has disrupted global sulphur trade and sent regional prices into a volatile spiral.

📉 The "Market Imbalance" (April 2026)

A massive price gap between Zambia and the Democratic Republic of Congo (DRC) has threatened to drain Zambia’s domestic acid reserves as producers seek higher profits across the border.

Location Sulphuric Acid Price (Ex-Works) Market Condition

Zambia ~$330/tonne Domestic Supply Strained

DRC ~$550/tonne Severe Shortage; High Demand

🚢 The Global Trigger: The Hormuz Factor

The primary driver of this crisis is the effective closure of the Strait of Hormuz due to escalating regional conflict.

• Sulphur Supply Chain: The Middle East (Saudi Arabia, Qatar, UAE) typically accounts for a significant portion of global sulphur exports. With ships stranded or rerouted, the cost of raw sulphur has skyrocketed.

• Fuel Costs: In April 2026, diesel prices in the region have nearly doubled. Trucking acid from South Africa through Zambia to the DRC has become prohibitively expensive, making Zambia’s locally produced acid even more valuable.

🛠️ The New Export Permit System

Zambia is not implementing an outright ban (like the temporary ban of September 2025), but rather a regulated quota system.

• Eligibility: Producers must prove they have satisfied local demand before receiving an export permit.

• Objective: Safeguard the competitiveness of Zambian downstream industries (Agro-processing and Mining).

• Trucking Logistics: By restricting exports, the government also aims to keep fuel-consuming heavy trucks within domestic routes, easing the pressure on Zambia's own diesel stocks.

💡Strategic Insight

Zambia’s decision to regulate sulphuric acid exports under Statutory Instrument No. 17 of 2026 reflects a classic case of resource prioritization in response to external supply shocks. The disruption of global sulphur flows through the Strait of Hormuz has created regional price distortions, incentivizing exports to higher-paying markets like the DRC. By introducing a permit system, the government is effectively shielding domestic value chains—particularly mining and fertilizer production—from input shortages that could have wider economic consequences.

At a broader level, this move illustrates how global geopolitical events can rapidly transmit into local industrial policy decisions. Zambia is leveraging regulatory tools to stabilize supply and maintain competitiveness, but such measures must be carefully managed to avoid discouraging production or cross-border trade relationships. The situation highlights the importance of supply chain resilience and strategic resource management in an increasingly volatile global environment.

Tags #SulphuricAcid #ZambiaTrade #MCTI #MiningLogistics #FertilizerMarket #StraitOfHormuz #SADC #Zambia2026 #EconomicProtectionism

SOURCE: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2808893-zambia-announces-sulphuric-acid-export-controls  https://credendo.com/en/knowledge-hub/global-supply-chains-chaos-after-one-month-conflict-middle-east#:~:text=Global%20fertilisers%20production%20is%20also,carriers%20to%20reach%20international%20markets. 

SB Corporate Hub Launches Ledgermind: A New Frontier for Business Financial Management

 Date: April 2, 2026

Ledgermind, developed by SB Corporate Hub, is an emerging digital accounting and business management solution designed specifically to simplify financial record-keeping for entrepreneurs and small-to-medium enterprises (SMEs).

Based on the platform's focus on helping people in accounting with their business, here is a professional breakdown of its value proposition, potential features, and strategic positioning.

💼 Core Value Proposition

Ledgermind is positioned as a bridge between complex traditional accounting software and the practical needs of business owners who may not have a formal accounting background. Its primary goal is to provide financial clarity and regulatory compliance through an intuitive interface.

Potential Key Features:

• Automated Bookkeeping: Streamlining daily transactions, income tracking, and expense categorization.

• Invoice Management: Professional invoicing tools to help businesses get paid faster and track aging receivables.

• Financial Reporting: Real-time generation of Profit & Loss statements, Balance Sheets, and Cash Flow summaries and many more

🚀 Strategic Importance for SMEs

For many businesses managed by SB Corporate Hub, Ledgermind addresses the "Accountability Gap"—the point where manual ledgers or spreadsheets become too disorganized to support growth.

App link: https://ledgermind.base44.app 

Tags #Ledgermind #SBCorporateHub #BusinessAccounting #FintechZambia #SMESupport #DigitalBookkeeping #FinancialLiteracy #ZambiaBusiness #AccountancyTools.

Currency Transition Complete: BoZ Finalizes One-Year Exchange Window

Date: April 2, 2026

As of April 1, 2026, all old-series Zambian Kwacha banknotes have officially lost their legal tender status. This means they can no longer be used to buy goods or services and are no longer accepted for exchange at any financial institution.

The Bank of Zambia (BoZ), led by Governor Dr. Denny Kalyalya, concluded a one-year transition period that began on March 31, 2025.

💸 Key Takeaways of the Currency Transition

• Final Deadline: The exchange window closed at midnight on March 31, 2026.

• No Further Value: Effective today, April 1, these old notes are considered "worthless" for transactions and cannot be traded for the current currency series.

• Coins are Exempt: Crucially, Dr. Kalyalya clarified that old coins have not been withdrawn and will continue to be legal tender until they naturally wear out and are gradually replaced.

• Legal Basis: The process was mandated under the Bank of Zambia (Withdrawal and Exchange of Currency) Regulations, 2025 (Statutory Instrument No. 9 of 2025).

Tags #ZambiaKwacha #BankOfZambia #DennyKalyalya #CurrencyReform #ZambiaEconomy #LegalTender #NATSAVE #Zambia2026

SOURCE: https://www.mwebantu.com/old-zambian-banknotes-lose-legal-tender-status/ 

Beyond Compliance: Zambia and UNECA Launch Capability-Driven Local Content Strategy 

Date: April 2, 2026

The high-level consultations launched in Ndola on March 31, 2026, represent a fundamental shift in Zambia's economic policy. Partnering with the United Nations Economic Commission for Africa (UNECA), the Ministry of Commerce, Trade and Industry is moving away from "passive" local content (simple ownership compliance) toward "active" capability-driven competitiveness.

This successor strategy is designed to ensure that Zambia’s massive investments in mining and energy translate into tangible business for local SMEs.

🚀 Key Shift: Compliance vs. Competitiveness

A central theme of the 2026 consultations is the transition from a "protectionist" mindset to a "performance" mindset.

• Old Approach: Focused on ensuring a percentage of a company was Zambian-owned.

• New 2026 Strategy: Focuses on Industrial Capability. The goal is for "Made in Zambia" to represent international quality, reliability, and export readiness under the AfCFTA (African Continental Free Trade Area).

⛏️ Mining Sector "Carrots and Sticks"

The mining sector is the primary target for the new local content quotas. Olayinka Bandele (UNECA) highlighted specific, tiered targets that are now being codified:

• 2026 Starting Point: Mining procurement from local suppliers must start at 20%.

• 5-Year Target: This requirement will scale up to 40% by 2031.

• The Goal: Linking the 3 million tonne copper target directly to the growth of Zambian engineering, logistics, and protective equipment firms.

🛠️ The Strategic Pillars of the New Framework

At the meeting the follwing were the outlined the practical requirements for the strategy to succeed:

Pillar Action Item

Green Minerals Zambia–DRC Battery Value Chain

MSME Financing Purchase Order (PO) Financing

Data & Metrics National Industrial Observatory

Regional Integration SADC & COMESA Alignment

Tags #LocalContent #ZambiaIndustrialization #MCTI #UNECA #SADCValueChains #MSMEs #Zambia2026 #AfCFTA #Copperbelt

SOURCE: https://www.uneca.org/stories/zambia-launches-high-level-consultations-to-shape-new-national-local-content-strategy 

Fuel Price Surge: Diesel and Kerosene Spike as Global Oil Hits $162/bbl 

Date: April 1,  2026

Effective April 1, 2026, the Energy Regulation Board (ERB) has revised the national uniform pump prices for petroleum products upward. This adjustment follows a period of significant international oil price increases and a slight depreciation of the Zambian Kwacha.

Revised Fuel Pump Prices (Effective April 1, 2026)

The following table outlines the changes from the previous pricing window to the new rates for April 2026:

Product          Previous Price (K/Litre)        New Price (K/Litre)       Absolute Variance (K)               % Change

Petrol                    26.61                                      27.15                                0.54                                         2.03%

Diesel                   23.25                                       29.78                                 6.53                                        28.09%

Kerosene             21.06                                        32.26                                11.13                                      53.13%

Jet A-1                 22.39                                       34.74                                 12.35                                       55.16%

Key Market Drivers

• Surging Global Oil Prices: International prices rose sharply due to geopolitical crises in the Middle East. Petrol increased by 62.84% (to US$114.51/bbl), diesel by **91.89%** (to US$162.61/bbl), and Kerosene/Jet A-1 by 102.41% (to US$169.92/bbl).

• Currency Depreciation: The Zambian Kwacha depreciated by 0.65% against the US Dollar, moving from K19.18 to K19.30, which added further upward pressure on domestic costs.

Government Intervention Measures

To protect consumers from the full impact of these global price shocks, the Government has implemented temporary fiscal relief:

• Tax Suspensions: Excise Duty has been suspended and Value Added Tax (VAT) has been zero-rated on petrol and diesel.

• Duration: These interventions are scheduled to remain in place for three months, from April through June 2026.

Tags #ZambiaFuel #ERBZambia #EnergyRegulation #FuelPricesApril2026 #ZambiaEconomy #MiddleEastCrisis #KwachaDepreciation #TaxSuspension #PetroleumLogistics #Zambia2026

SOURCE: https://www.erb.org.zm/wp-content/uploads/PressStatements/CurrentFuelPumpPrices.pdf

Macro-Stability at Risk: President Hichilema Warns of Middle East Conflict Fallout 

Date: March 27, 2026

President Hakainde Hichilema raised a critical warning during an annual briefing with the United Nations (UN) system at State House. He cautioned that Zambia’s hard-won macroeconomic stability is facing a direct threat from the intensifying conflict in the Middle East, which has fundamentally altered the global operating environment.

The President’s concerns center on how geopolitical instability thousands of miles away translates into "imported" economic shocks for Zambian households and industries.

⚠️ The Middle East Conflict: Economic Transmission Channels

President Hichilema identified three primary ways the regional conflict is destabilizing Zambia’s recovery:

• Energy Costs (Strait of Hormuz): Disruptions in this vital maritime chokepoint have pushed global crude oil toward $94 per barrel. This puts immense pressure on the Energy Regulation Board (ERB) to maintain the current fuel price freeze.

• Agricultural Inputs: Middle Eastern stability is tied to global fertilizer supply chains. Continued conflict threatens to raise the cost of inputs just as Zambia launches the Zambia Soil Partnership to boost food security.

🗳️ Cybersecurity and Electoral Integrity

Beyond economics, the President called on the UN to help Zambia navigate the "digital frontline" as the country prepares for future democratic cycles:

• Misinformation & Cyber Abuse: The President specifically asked for UN support in tackling the spread of "fake news" and online harassment related to elections.

• UN Response: UN Resident Coordinator Beatrice Mutali confirmed ongoing work with the Electoral Commission of Zambia (ECZ) to implement recommendations that ensure inclusivity and credibility in the electoral process.

🏥 Healthcare: The "Last-Mile" Challenge

The briefing also touched on critical improvements in the health sector, specifically regarding the Zambia Medicines and Medical Supplies Agency (ZAMMSA):

• Focus on Delivery: President Hichilema noted that "statistics mean little" if patients cannot access drugs. The UN is now actively assisting ZAMMSA in last-mile delivery, ensuring supplies move from central warehouses to rural clinics.

💡Strategic Insight

President Hakainde Hichilema’s warning underscores a structural reality for Zambia: macroeconomic stability remains highly exposed to external shocks, particularly through energy and agricultural input markets. Volatility in global oil prices and fertilizer supply chains illustrates how quickly gains in fiscal consolidation and inflation control can be undermined by geopolitical events beyond domestic control. This highlights the importance of diversification, strategic reserves, and policy buffers to absorb such shocks without reversing economic progress.

At the same time, the linkage between economic stability, cybersecurity, and governance reflects an evolving risk landscape. Collaboration with institutions such as the United Nations and the Electoral Commission of Zambia indicates that maintaining stability is no longer purely economic—it also requires resilient digital ecosystems, credible institutions, and efficient public service delivery systems to sustain investor confidence and public trust.

Tags #HakaindeHichilema #UNZambia #MiddleEastConflict #ZambiaEconomy #ZAMMSA #EnergySecurity #StraitOfHormuz #Cybersecurity #Zambia2026

SOURCE: https://znbc.co.zm/?p=11939 

The Billion-Kwacha Liftoff: Air Transport Becomes Zambia’s Second-Largest Export Driver

Date: March 27, 2026

Zambia's air transport sector has emerged as a powerhouse for the national economy, generating K9.9 billion in export earnings in 2025. This milestone, announced by the Zambia Airports Corporation Limited (ZACL) on March 23, 2026, solidifies air transport as the country’s second-largest export facilitator, contributing 3% of total national exports and trailing only road transport.

The surge highlights a critical shift in Zambia's trade landscape, moving beyond traditional minerals to high-value, time-sensitive goods.

📊 2025 Performance by the Numbers

The recovery of the aviation sector has been driven primarily by a robust increase in cargo operations rather than just passenger movements.

• Export Value: K9.9 billion (approx. 3.1% of total exports).

• Cargo Volume: Over 21,000 metric tonnes, marking a 14% increase from 2024.

🌸 The "Perishables" Engine

According to ZACL Board Chairperson Daan Brink, the growth is powered by the "green" export sector. International demand for Zambian freshness is at an all-time high:

• High-Value Goods: Specialized exports of fresh flowers, berries, and premium vegetables to European and Middle Eastern markets.

• Reliability Factor: Air transport is favored for these goods to preserve quality and meet strict international "shelf-life" requirements.

💡 Strategic Insight

Zambia’s air transport surge signals a structural shift toward value-dense exports, where speed, quality preservation, and market timing outweigh sheer volume. The rise of horticulture—particularly flowers, berries, and premium vegetables—demonstrates how aviation is enabling producers to plug directly into high-margin global supply chains in Europe and the Middle East. This is less about aviation as an export sector and more about its role as a trade enabler, unlocking sectors that were previously constrained by Zambia’s land-linked geography and slower surface logistics.

However, the sector’s current ~3% export contribution underscores that this is still an emerging layer rather than a dominant pillar of the economy. Scaling this momentum will depend on coordinated investment in cold-chain infrastructure, cargo handling capacity, and export certification systems. If aligned with agricultural policy and trade facilitation reforms, air cargo could evolve into a strategic diversification lever, reducing reliance on copper while positioning Zambia within premium, time-sensitive global markets

Tags #ZACL #ZambiaExports #AirCargo #ZambiaEconomy #FreshProduce #AviationGrowth #DaanBrink #Zambia2026

SOURCE: https://znbc.co.zm/?p=11936 

The Great Reset: Zambia Revokes 3,000 Mining Licenses to End "License Squatting" 

Date: March 27, 2026 

The massive cancellation of 3,000 mining licenses by the Zambian government, as announced in February 2025 and reinforced throughout 2026, marks the most aggressive "clean-up" of the mining sector in the country's history.

This move, led by Permanent Secretary Dr. Hapenga M. Kabeta, is designed to eliminate "license squatting"—where investors hold mineral rights without actually mining—thereby freeing up land for active, productive investors. 

🔍 Breakdown of the License "Clean-Up"

The Ministry of Mines is moving away from a "quantity over quality" approach to ensure the national cadastre (the mining register) only contains operational entities.

• Total Cancelled: 3,000 licenses since 2024.

• Appeals Process: 1,200 license holders (40%) have formally appealed the decision, claiming they were compliant or faced extenuating circumstances.

• Primary Cause: Failure to meet statutory obligations under the Mines and Minerals Development Act.

• Strategic Focus: Freeing up ground for critical minerals including Copper, Lithium, Manganese, and Cobalt.

⚙️ The Minerals Regulation Commission (MRC) Context

By 2026, these cancellations have been integrated into the operations of the new Minerals Regulation Commission (MRC). The "clean-up" exercise is aimed at:

1. Transparency;

2. Efficiency; and

3. Integrity.

💡Strategic Insight

Zambia’s revocation of over 3,000 mining licenses represents a decisive shift from speculative asset holding to performance-based resource allocation, targeting the long-standing inefficiency of “license squatting.” By enforcing compliance under the Mines and Minerals Development Act and anchoring the process within the emerging Minerals Regulation Commission (MRC), the government is effectively resetting the mining cadastre to prioritize capital deployment, technical capacity, and production timelines. This creates a more competitive and transparent licensing environment, particularly for high-demand critical minerals such as copper, lithium, manganese, and cobalt, which are central to global energy transition supply chains.

However, the scale of appeals—approximately 40% of affected license holders—signals potential friction in execution, including legal bottlenecks and investor uncertainty. If not managed with procedural clarity and consistency, the reform risks being perceived as regulatory instability rather than sector discipline. The strategic opportunity lies in converting this “clean-up” into a credible reallocation mechanism, where relinquished assets are rapidly reassigned to capable operators. Done effectively, Zambia can strengthen its position as a serious, production-focused mining jurisdiction, but success will hinge on balancing enforcement with investor confidence and institutional predictability.

Tags #ZambiaMining #HapengaKabeta #MiningLicense #CriticalMinerals #Zambia2026 #MineralRegulation #Copperbelt

SOURCE: https://www.mmmd.gov.zm/?p=6259#:~:text=GOVERNMENT%20CANCELS%203%2C000%20MINING%20LICENSES%20FOR%20NON%2DCOMPLIANCE,-PRESS%20STATEMENT&text=The%20cancellations%20follow%20findings%20that,since%20appealed%20against%20the%20decision. 

Banking on Recovery: Absa Targets Zambia and Ghana for Major African Expansion 

Date: March 26, 2026

South Africa’s third-largest lender, Absa, has identified Zambia and Ghana as its primary targets for increased investment and footprint expansion.

This strategic shift, led by Absa’s new CEO Kenny Fihla and International Operations head Charles Russon, signals a bold "counter-cyclical" move as many global banks continue to retreat from African markets.

Key Strategic Drivers for Zambia

Absa’s leadership highlights a major shift in the Zambian investment climate:

• Post-Crisis Recovery: After several difficult years of debt restructuring, Zambia is now viewed as being "aligned around growth."

• Private Sector Focus: In a recent months, President Hakainde Hichilema emphasized that Zambia’s economic recovery must be private sector-led.

Key Strategic Drivers for Ghana

• Macro-Stabilization: Despite traditional weaknesses in West Africa for the bank, Ghana's recent fiscal reforms have created a "constructive environment" for banking operations.

Expansion Methods

Charles Russon indicated that Absa is not just looking at organic growth (opening new branches) but is also open to Mergers and Acquisitions (M&A) in both Ghana and Zambia to accelerate its market share.

💡Strategic Insight

Absa Group Limited’s targeted expansion into Zambia and Ghana reflects a counter-cyclical capital deployment strategy, positioning the bank to capture upside in markets transitioning from macroeconomic stress to recovery. In Zambia, improving fiscal credibility post-debt restructuring, coupled with a policy stance under Hakainde Hichilema that prioritizes private sector-led growth, creates a favorable environment for credit expansion, SME financing, and infrastructure-linked lending. Rather than entering at peak valuations, Absa is leveraging timing—moving in during early-stage recovery when asset prices are relatively low and growth trajectories are strengthening.

At the same time, the strategy is not without calculated risk. Persistent macro vulnerabilities—currency volatility, inflationary pressures, and regulatory uncertainty—mean execution will require disciplined risk management and selective capital allocation. Absa’s openness to mergers and acquisitions signals an intent to accelerate scale and market penetration, but success will depend on integrating local market knowledge with strong governance frameworks

Tags #AbsaBank #ZambiaBanking #GhanaEconomy #KennyFihla #CharlesRusson #FDI #AfricaFinance #BankingExpansion #Zambia2026

SOURCES:https://www.semafor.com/article/03/23/2026/south-african-bank-absa-plans-ghana-zambia-expansion https://www.cabinet.gov.zm/?page_id=2703#:~:text=Economic%20transformation%20will%20be%20anchored,both%20external%20and%20domestic%20shocks. 

US and Japan Back Zambia’s Agrifood Shift: Zambia Launches Global Soil Doctors Programme 

Date: March 25, 2026

The official launch of the Zambia Soil Partnership (ZSP) and the Global Soil Doctors Programme (GSDP) on March 23, 2026, marks a high-tech turning point for Zambian agriculture.

Funded by the United States and Japan, and implemented by the FAO, these initiatives move Zambia away from "guesswork" farming toward precision agriculture driven by nuclear science and real-time data.

🧪 High-Tech Foundations: Nuclear Soil Science

The centerpiece of this launch is the inauguration of a Cosmic Ray Neutron Sensor at the University of Zambia. This is not a standard weather station; it uses nuclear techniques to monitor moisture levels across large areas.

• Collaboration: FAO/IAEA Joint Centre of Nuclear Techniques in Food and Agriculture.

• Function: Provides precise, non-invasive soil moisture data to help farmers optimize irrigation and fertilizer timing.

• Laboratory Upgrades: National labs are being outfitted with advanced equipment to allow for rapid, high-accuracy soil testing across all provinces.

🩺 The "Global Soil Doctors" Programme

This is a "farmer-to-farmer" training model designed to decentralize soil expertise. Instead of waiting for a distant laboratory report, local "doctors" are trained to diagnose soil health on the spot.

• Target Groups: Extension agents and lead farmers.

• Hands-on Training: Initial field sessions took place at the ZARI Kabwe Research Station and in Chongwe (March 17–24).

• Tools provided: Diagnostic kits to assess pH levels, nutrient deficiencies, and soil structure directly in the field.

🤝 The Zambia Soil Partnership (ZSP)

The ZSP will serve as a national multi-stakeholder platform bringing together government institutions, research organizations, universities, soil laboratories, farmer organizations, private sector actors and development partners.

🌍 Strategic Alignment & Funding

The initiatives are part of the broader SoilFER (Soil Mapping for Resilient Agrifood Systems) programme.

• Donors: U.S. Department of State and Japan’s Ministry of Foreign Affairs.

• Scope: One of only seven countries globally (in Africa and Central America) selected for this intensive soil mapping project

💡Strategic Insight

The launch of the Global Soil Doctors Programme and the Zambia Soil Partnership signals a decisive shift toward data-driven, precision agriculture in Zambia. By integrating advanced tools through institutions like the Food and Agriculture Organization and the International Atomic Energy Agency, the country is moving away from input-heavy, assumption-based farming toward measurable efficiency in soil management, which is critical for productivity, climate resilience, and cost optimization.

At a structural level, the model combines high-tech systems with decentralized knowledge transfer, ensuring that innovation does not remain confined to laboratories but reaches farmers directly. If effectively scaled, this approach can significantly improve yields and resource use efficiency; however, long-term success will depend on sustained funding, farmer adoption, and the integration of these insights into broader agricultural policy and market systems

Tags #ZambiaSoilPartnership #SoilDoctors #FAOZambia #SustainableAgric #SoilFER #UNZA #NuclearScience #FoodSecurity #Zambia2026

SOURCES: https://www.fao.org/zambia/news/newsdetails/zambia-launches-national-soil-partnership-and-global-soil-doctors-programme-to-strengthen-productive-and-resilient-agrifood-systems/en 

Shanghai to Lusaka: Camco Motors Unveils New High-Tech Showroom in Zambia 

Date: Maech 24, 2026

The expansion of Camco Motors in Zambia, marked by the opening of its new flagship showroom in Lusaka in March 2026, represents a deepening of the economic partnership between Zambia and China.

As a subsidiary of the Shanghai-based Camco Group, the automaker is positioning itself as a primary supplier for Zambia’s industrial backbone, ranging from heavy-duty mining to the emerging "green" transport market.

🚗 Product Portfolio: Targeting Key Economic Sectors

Minister of Transport Frank Tayali highlighted that Camco’s range is strategically aligned with Zambia's current development goals:

• Heavy-duty trucks.

• Light commercial vehicles.

• Sport Utility Vehicles (SUVs).

• New Energy Vehicles (NEVs)

📈 Strategic Advantage: The "Shanghai-Lusaka" Dual HQ

Unlike many importers, Camco Group operates with a dual headquarters model, providing several advantages for the Zambian market:

1. Affordability: By maintaining direct links to Shanghai’s manufacturing hub, the company aims to reduce middle-man costs.

2. Customization: Vehicles are adapted to handle Zambia’s specific terrain and climatic conditions.

3. Local Support: The Lusaka headquarters ensures that spare parts and specialized technicians are available locally, addressing a major concern for vehicle owners.

💡Strategic Insight

The expansion of Camco Motors underscores a broader trend of deepening China–Zambia industrial integration, moving beyond simple imports toward localized distribution and support ecosystems. By aligning its product portfolio with key sectors such as mining, transport, and emerging green mobility, the company is positioning itself within Zambia’s core productive industries, rather than peripheral consumer markets.

More importantly, the “Shanghai–Lusaka” model reflects a shift toward hybrid localization strategies, where global manufacturing efficiency is combined with local market adaptation and after-sales infrastructure. This enhances competitiveness but also raises the bar for other market players, as success will increasingly depend on reliability, servicing capacity, and contextual customization, not just pricing.

Tags #CamcoMotors #ChinaZambia #AutomotiveIndustry #Lusaka #NewEnergyVehicles #FrankTayali #MiningZambia #Zambia2026 #ShanghaiLusaka

SOURCE: https://english.news.cn/20260321/421bbe1fbd714986beb7b39ed145408c/c.html#:~:text=LUSAKA%2C%20March%2020%20(Xinhua),showroom%20in%20the%20capital%2C%20Lusaka. 

Restoring Reliability: Zambia and Italy Formalize €94.6M Debt Restructuring 

Date: March 24, 2026 

The signing of the bilateral debt restructuring agreement with Italy, represents a high-stakes victory for Zambia’s "New Dawn" economic recovery. By shifting a 94.6 million Euro obligation from a near-term crisis to a long-term manageable plan, the government has effectively cleared one of the final hurdles in its multi-year debt saga.

🇮🇹 The Italy-Zambia Deal: Key Terms

This specific agreement targets a loan originally contracted in 2018 with the Italian commercial giant Intesa Sanpaolo. After Zambia’s 2020 default, this debt was moved to the Italian government's books.

• Principal Amount: €94.6 million.

• Repayment Extension: The maturity has been pushed from 2027 all the way to 2043.

• Fiscal Space: This 16-year extension allows the Ministry of Finance to redirect funds that would have gone to immediate debt service into energy transition projects and social services.

• Framework: Concluded under the G20 Common Framework, ensuring "Comparability of Treatment" with other major creditors like China and France.

🏛️ Strategic Impact: Restored Credibility

Italian Ambassador Enrico De Agostini noted that this deal is not just about "paying back"; it’s about "re-risking" Zambia for European investors.

• Trade Support: Italian financial institutions are now expected to reopen credit lines for Zambian businesses.

Tags #ZambiaDebt #ItalyZambia #SitumbekoMusokotwane #G20CommonFramework #IntesaSanpaolo #ZambiaEconomy #DebtRestructuring #Zambia2026

SOURCE:https://znbc.co.zm/?p=11848#:~:text=He%20added%20that%20Italy%20is,for%20international%20investment%20and%20trade. 

Safety First: RTSA Maintains Night Travel Ban Amid 24-Hour Economy Push 

Date: March 23, 2026 

While the Zambian Cabinet's move to a 24-hour economy on March 17, 2026, allows markets and bus stations to remain open around the clock, the Road Transport and Safety Agency (RTSA) has issued a critical clarification regarding logistics: the night travel ban for Public Service Vehicles (PSVs) is still in full effect.

As of March 19, 2026, inter-city buses and other public passenger vehicles are still prohibited from being on the road during high-risk hours, creating a unique operational challenge for the new 24-hour policy.

🛑 The Conflict: Policy vs. Safety

The transition to a 24-hour economy aims for "maximum productivity," but RTSA maintains that the safety risks of night driving currently outweigh the economic benefits for passenger transport.

• The Restriction: PSVs are banned from traveling between 21:00 and 05:00 hours.

• The Reason: Initially introduced in November 2016, the ban was a response to high rates of fatal accidents involving long-distance buses at night due to poor visibility and driver fatigue.

• Current Standing: RTSA Head of Public Relations confirmed that the public must adhere to these existing regulations "until further notice."

🛣️ Future Outlook- Will the Ban Be Lifted?

Industry experts and the Bus and Taxi Owners Association of Zambia (BTOAZ) have previously called for the lifting of the ban to support the 24-hour economy. However, RTSA suggests a cautious approach:

1. Safety Infrastructure: Lifting the ban would likely require better highway lighting and increased highway patrol presence.

2. GPS Monitoring: RTSA may eventually allow night travel only for operators whose vehicles are equipped with real-time GPS speed monitors and fatigue-detection systems.

3. Ongoing Review: The agency stated it is "reviewing road safety measures in line with prevailing conditions," hinting that a specialized "Night Permit" system could be a future compromise.