From Paper Partners to Real Owners: BDO on Zambia’s Changing Mining Landscape
Zambia’s new local content and beneficial ownership rules took effect on 1 January 2026. For any foreign firm still running a paper partner into the mines, the arithmetic no longer works. For years, supplying Zambia’s mines ran on a quiet arrangement. Put a Zambian name on the share register, keep the control and the cash offshore, tick the local content box. From 1 January 2026, that arrangement is a liability, not a strategy. Two instruments did it, and only together. Statutory Instrument 68 of 2025 is the trigger: it forces…
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