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Zambia Reaches 80% Financial Inclusion as Digital Services Drive Growth 42 Mining in Zambia Economy 

Zambia Reaches 80% Financial Inclusion as Digital Services Drive Growth

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Zambia Hits 80% Financial Inclusion in 2025 FinScope Survey, Driven by Mobile Money and Digital Finance Expansion Zambia has reached a significant milestone in financial inclusion, with 80% of adults now accessing formal and informal financial services, according to the 2025 FinScope Survey released by Bank of Zambia Governor Denny H. Kalyalya. Speaking at the official launch, Dr. Kalyalya described the FinScope Survey as a critical “system-level diagnostic” that provides insight into how individuals and households access, use, and experience financial services in an increasingly digital economy. The results reflect… Read More Here
Zambia Signs $246 Million Solar Investment Deal to Expand Nambala Power Project 43 Mining in Zambia Energy 

Zambia Signs $246 Million Solar Investment Deal to Expand Nambala Power Project

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Zambia Secures $246M Solar Investment as Nambala Project Expansion Targets 350MW Capacity The Zambia Development Agency (ZDA) and Sunshare Energy Limited (SEL) have signed a $246 million Investment Promotion and Protection Agreement (IPPA) to expand the Nambala Solar Power Plant in Mumbwa, in a move aimed at accelerating Zambia’s renewable energy development. The agreement supports Phase II of the project, which will add 250 megawatts (MW) to the existing facility. This follows Phase I a 100MW installation valued at $54 million bringing the plant’s total planned capacity to 350MW and… Read More Here
Angola and Zambia Reaffirm Security and Economic Cooperation at Joint Defence and Security Meeting 44 Mining in Zambia Angola Governance Infrastructural Development 

Angola and Zambia Reaffirm Security and Economic Cooperation at Joint Defence and Security Meeting

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Angola, Zambia Strengthen Defence and Trade Cooperation, Advance Lobito Corridor and Border Infrastructure Plans The Republic of Angola has reaffirmed its commitment to strengthening bilateral relations with Zambia, with a focus on regional stability, good neighbourliness, and expanded strategic cooperation. The position was outlined during the official opening of the Ministerial Meeting of the 34th Angola–Zambia Joint Permanent Commission on Defence and Security held in Luanda. Angola’s Minister of Foreign Affairs, Téte António, said Angola’s foreign policy remains anchored in dialogue, mutual respect, and collaboration with neighbouring states. He described… Read More Here
Zambia Addresses US Ambassador’s Remarks, Points to Mining Revival and Economic Growth 45 Mining in Zambia Economy Governance 

Zambia Addresses US Ambassador’s Remarks, Points to Mining Revival and Economic Growth

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Zambia Addresses Outgoing US Ambassador’s Remarks, Outlines Position on Bilateral Relations The Government of the Zambia has issued a firm response to remarks made by outgoing United States Ambassador Michael Gonzales, describing his statements as “deeply regrettable, undiplomatic, and inconsistent with the principles of mutual respect” that underpin international relations. Speaking at a press briefing in Lusaka, Minister of Foreign Affairs and International Cooperation Mulambo Haimbe said the government took “serious exception” to comments made during the ambassador’s farewell reception on April 30, 2026. The government argued that the remarks… Read More Here
Mixed Commodity Trends in DRC as Global Mining Prices Show Broad Decline 46 Mining in DRC Economy 

Mixed Commodity Trends in DRC as Global Mining Prices Show Broad Decline

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DR Congo Mining Export Prices Fall in Early May 2026 as Gold, Copper Drop While Nickel and Germanium Rise Export prices for mining commodities from the Democratic Republic of the Congo recorded an ընդհանուր downward trend on international markets during the period of May 4–9, 2026, reflecting softer global demand across several key resources. Among the hardest-hit commodities, gold posted a notable decline, falling from $155.28 to $151.79 per gram. Copper the country’s primary export also edged lower, decreasing from $13,177.50 to $13,102.50 per ton. Zinc followed a similar trajectory,… Read More Here
Virtus Minerals Advances Chemaf Takeover in DRC with Key Regulatory Review 47 Mining in DRC Copper Corporate News Mergers & Acquisitions 

Virtus Minerals Advances Chemaf Takeover in DRC with Key Regulatory Review

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Virtus Minerals Moves Forward with Chemaf Acquisition in DR Congo, Strengthening Oversight of Copper and Cobalt Assets The acquisition of Chemaf’s mining assets has entered a critical administrative phase in the Democratic Republic of Congo (DRC). On April 29, 2026, the Director General of the Mining Registry, Popol Mabolia Yenga, met with the Chairman of the Board of Virtus Minerals, the new owner of Chemaf. Chemaf (Congo Eastern Mining Frontier) primarily operates mining sites in the southern provinces of Lualaba and Haut-Katanga, at the heart of the country’s copper belt… Read More Here
Andrada Mining Defers £7.7m Loan Repayment to Fund Expansion at Namibia’s Uis Mine 48 International Corporate News 

Andrada Mining Defers £7.7m Loan Repayment to Fund Expansion at Namibia’s Uis Mine

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Andrada Mining Delays £7.7m Convertible Loan Repayment to 2027 to Accelerate Uis Mine Expansion in Namibia Andrada Mining Limited has postponed the repayment of £7.7 million in convertible loan notes by one year, extending the maturity date to July 2027 as it prioritises expansion at its Uis Mine in Namibia and aims to scale production across its critical minerals portfolio. Loan restructuring terms revised The company confirmed it has amended loan notes originally issued in July 2023. Key changes include: The £7.7 million facility was raised through the issuance of… Read More Here
Sibanye-Stillwater Halts Operations After Fatal Shaft Accident at Kloof Mine 49 International Mining safety 

Sibanye-Stillwater Halts Operations After Fatal Shaft Accident at Kloof Mine

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Sibanye-Stillwater Kloof Mine Accident: Two Workers Killed as Operations Suspended Pending Investigation JSE- and NYSE-listed mining company Sibanye-Stillwater has confirmed the deaths of two contractor employees following a fatal accident at its Kloof 8 shaft on 3 May. The incident occurred during preparations for a routine scheduled shaft inspection. According to the company, an inspection platform became detached from the main winder conveyance, causing it to descend uncontrollably down the shaft. The two contractors sustained fatal injuries as a result. Investigation and regulatory response underway A full investigation into the… Read More Here
Glencore Reports Mixed Q1 Output as Copper Rises and Coal Production Declines 50 International Coal Copper Corporate News 

Glencore Reports Mixed Q1 Output as Copper Rises and Coal Production Declines

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Glencore Q1 Results: Copper Output Up 19% While Coal Production Falls 22% Amid Weather and Operational Disruptions Diversified mining and commodities group Glencore reported mixed production results for the first quarter, with strong growth in copper output offset by declines in steelmaking coal and cobalt production, alongside stable performance in other segments. Steelmaking coal output falls sharply Glencore’s steelmaking coal production fell 22% year-on-year to 6.5 million tonnes. The decline was driven by pit sequencing changes at Elk Valley Resources in Canada, adverse weather conditions in Queensland, Australia, and a… Read More Here

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