In a significant stride towards resolving its financial challenges, Zambia has achieved a remarkable breakthrough by reaching an agreement in principle to restructure a substantial $6.3 billion debt with bilateral lenders. A French official has confirmed that the much-anticipated deal will be officially announced on Thursday June 22, marking a pivotal moment for countries facing difficulties in servicing their liabilities. This groundbreaking agreement sets an inspiring precedent as the first major relief obtained by a developing nation under the Group of 20 (G20) nation’s Common Framework. While specific details are… Read More Here

Zambia’s mining sector serves as a critical pillar of its economy, offering immense potential for growth and development. However, the sector has been plagued by challenges such as opacity, corruption, and illicit financial flows. Recognizing the need for enhanced transparency and accountability as a strategy towards increasing chances of curbing illicit financial flows, Zambia through the Companies Act of 2017 introduced beneficial ownership requirements for all companies registered in Zambia through the creation of a centralized and public beneficial ownership register at the Patents and Companies Registration Agency (PACRA). In… Read More Here

Zambia, a country blessed with abundant natural resources, has emerged as a significant player in the global mining industry. With its vast mineral reserves and favorable investment climate, the mining sector in Zambia has become a vital pillar of the nation’s economy. In this article, we explore the multifaceted benefits of mining in Zambia, shedding light on how it contributes to economic growth, employment opportunities, infrastructure development, and social welfare. Economic Growth and Foreign Investment:Mining plays a pivotal role in driving economic growth in Zambia. The sector contributes a substantial… Read More Here