Category: Economy

Zambia Disburses K22.1 Billion in December 2025 to Fund Public Services, Debt Payments and Capital Investment The Government of the Republic of Zambia released K22.1 billion in December 2025 to finance public service delivery, debt obligations, social protection, and capital investment, effectively bringing the 2025 Budget implementation cycle to a close. The releases, executed through the Ministry of Finance and National Planning, underscore the Government’s commitment to fiscal discipline, debt sustainability, and macroeconomic stability, despite continued uncertainty in the global economic environment. According to the Ministry, the December disbursements were… Read More Here

Old Zambian Banknotes to Lose Legal Tender Status in 2026 as BOZ Confirms Exchange Deadline The Bank of Zambia has announced that all old banknotes will cease to be legal tender on April 1, 2026, marking the final phase of the country’s currency transition. The central bank said the exchange period for the old notes will officially end on March 31, 2026. The withdrawal follows the introduction of a new currency family in March 2025, comprising six banknotes and six coins, which have been circulating alongside the old currency during… Read More Here

Zambian Kwacha Strengthens as Government Calls on Businesses to Lower Prices and Support Cost of Living Relief The Government has welcomed the continued appreciation of the Zambian Kwacha against major international currencies, describing the trend as a clear signal of growing confidence in the country’s economic fundamentals and the effectiveness of ongoing macroeconomic and fiscal reforms. In a statement issued on Tuesday, the Minister of Commerce, Trade and Industry, Hon. Chipoka Mulenga, MP, said the strengthening of the local currency reflects deliberate and sustained policy efforts under President Hakainde Hichilema’s… Read More Here

Zambia and Türkiye Reaffirm Commitment to Boost Trade and Investment in Mining, Infrastructure and Agriculture Zambia and Türkiye have reaffirmed their commitment to strengthening bilateral economic cooperation following a high-level engagement between the Minister of Finance and National Planning, Dr Situmbeko Musokotwane, MP, and the Turkish Ambassador to Zambia, His Excellency Huseyin Barbaros Dicle. Ambassador Dicle paid a courtesy call on Dr Musokotwane at the Ministry of Finance and National Planning headquarters, where discussions focused on expanding sustainable investment partnerships across sectors of shared economic interest. The meeting underscored Zambia’s… Read More Here

Zambia’s Kwacha Strengthens to Two-Year High Following Government Crackdown on Dollar Use Zambia’s kwacha traded near its strongest level in more than two years after a government directive limiting the use of foreign currencies in domestic transactions triggered a surge in dollar selling across the market. The currency gained sharply during the trading session, rising close to 1% against the US dollar before easing slightly to close the day higher. The move extends a strong rally that began last year and has been supported by record copper prices and improving… Read More Here