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Category: Economy

Zambia’s Stock Market Leads Global Gains on Copper Boom 1 Mining in Zambia Copper Economy 

Zambia’s Stock Market Leads Global Gains on Copper Boom

Constance
Zambia’s Stock Market Surges 56% in 2025, Driven by Copper and Energy Stocks Zambia’s main stock index has outpaced all others worldwide in August, climbing 14.3% as the country benefits from a copper boom. The Lusaka Securities Exchange All Share Index is also the world’s top performer in 2025, up nearly 56% in local currency terms. When measured in U.S. dollars, the rally is even stronger at 84%, with only Ghana’s index showing higher gains. The surge is being fueled largely by Copperbelt Energy Corp. Plc (CEC), the company that… Read More Here
Zambia Welcomes Chinese Investors, Signals Strong Investment Opportunities 2 Mining in Zambia Economy 

Zambia Welcomes Chinese Investors, Signals Strong Investment Opportunities

Constance
President Hichilema Reaffirms Zambia Open for Business as Chinese Investors Explore Key Sectors President Hakainde Hichilema has reaffirmed that Zambia is open for business and investment, welcoming a delegation of Chinese investors from the Zhong Minglian Group, led by Mr. Dia Benling. The delegation expressed interest in agriculture, mining, energy, manufacturing, and healthcare, with plans to establish joint ventures alongside local partners. President Hichilema emphasized that these sectors are critical to Zambia’s economic growth and job creation, particularly for the country’s youth. “The state visit to China last year has… Read More Here
ZCCM-IH Hits $1 Billion Market Capitalisation on Lusaka Securities Exchange 3 Mining in Zambia Economy 

ZCCM-IH Hits $1 Billion Market Capitalisation on Lusaka Securities Exchange

Constance
ZCCM Investment Holdings Achieves $1 Billion Market Cap, Signaling Strong Investor Confidence in Zambia ZCCM Investment Holdings Plc (ZCCM-IH) has reached a market capitalisation of US$1 billion on the Lusaka Securities Exchange (LuSE), marking a historic milestone for the company and Zambia’s capital markets. The achievement was celebrated during a bell-ringing ceremony jointly hosted by ZCCM-IH and LuSE. Speaking at the event, Mines Minister Paul Kabuswe said the milestone reflects strong investor confidence in ZCCM-IH, supported by the government’s stable policy framework. He noted that growth in the mining sector… Read More Here
DRC to Issue First-Ever $1.5 Billion Eurobond to Finance Infrastructure and Boost Connectivity 4 Mining in DRC Economy 

DRC to Issue First-Ever $1.5 Billion Eurobond to Finance Infrastructure and Boost Connectivity

Constance
Democratic Republic of Congo Launches $1.5B Eurobond to Fund Infrastructure and Drive Growth The Democratic Republic of Congo (DRC) will issue its first-ever Eurobond worth $1.5 billion, the Ministry of Finance announced on Friday. The bond aims to finance priority infrastructure projects and enhance national connectivity in line with the government’s 2024–2028 Action Program. A Eurobond is a debt instrument issued on international financial markets in hard currency—typically U.S. dollars—to attract foreign investors. In exchange, the issuing country commits to repaying the capital, plus interest, over an agreed period. According… Read More Here
Zambia’s Inflation Eases to 12.6% in August 2025 5 Mining in Zambia Economy 

Zambia’s Inflation Eases to 12.6% in August 2025

Constance
Zambia Inflation Slows to 12.6% in August 2025 as Food and Fuel Prices Moderate Zambia’s annual inflation rate slowed to 12.6 percent in August 2025, down from 13 percent in July, according to the Zambia Statistics Agency (ZamStats). In its monthly bulletin, ZamStats attributed the moderation to lower price increases across both food and non-food items. Acting Statistician General Sheila Mudenda reported that annual food inflation for August stood at 14.9 percent, compared with 15.3 percent in July. “This means that food prices, on average, increased by 14.9 percent between… Read More Here
Burkina Faso Boosts Mining Revenues as Govt Raises Equity in West African Resources to 15% 6 International Economy Gold 

Burkina Faso Boosts Mining Revenues as Govt Raises Equity in West African Resources to 15%

Constance
Burkina Faso Increases Stake in West African Resources’ Gold Projects Under New Mining Code Burkina Faso’s largest gold producer and one of its biggest foreign investors, West African Resources (WAF), has implemented the revised 2024 mining code, raising the government’s free carried equity in its gold projects from 10% to 15%. The adjustment was confirmed in WAF’s interim financial report for the first half of 2025. WAF executive chairman Richard Hyde said the equity transfer was finalized in July and August across its three key projects: Sanbrado (Somisa), Kiaka, and… Read More Here
Panama’s Economy Poised for Recovery Following Cobre Panama Mine Closure 7 International Economy 

Panama’s Economy Poised for Recovery Following Cobre Panama Mine Closure

Constance
IMF Projects 4.5% Growth for Panama in 2025 as Economy Rebounds from Copper Mine Shutdown Panama’s economy is expected to rebound in 2025 as the effects of the late-2023 closure of First Quantum Minerals’ Cobre Panama copper mine fade and non-mining sectors continue to expand, the International Monetary Fund (IMF) said Monday. The Cobre Panama mine, one of the world’s largest open-pit copper deposits, was shut down following local protests over tax contributions and environmental concerns. Its closure significantly affected both Panama’s economy and First Quantum’s financial outlook. The company… Read More Here
DRC Central Bank Governor Aims to Strengthen the Congolese Franc and Reduce Dollarization 8 Mining in DRC Economy 

DRC Central Bank Governor Aims to Strengthen the Congolese Franc and Reduce Dollarization

Constance
DRC Central Bank Governor Unveils Strategy to Restore Confidence in the Congolese Franc The Democratic Republic of Congo’s new central bank governor, Andre Wameso, has laid out an ambitious plan to restore public confidence in the Congolese franc and reduce the country’s overwhelming reliance on the US dollar. Nearly 90% of transactions in the DRC are conducted in dollars, leaving the local currency marginalized and unstable. The Congolese economy is among the most dollarized in Africa. From major commodity exports like copper, cobalt, oil, and gold, to everyday expenses such… Read More Here
Zambia and Qatar Sign $19 Billion MoU to Boost Investment and Development 9 Mining in Zambia Economy 

Zambia and Qatar Sign $19 Billion MoU to Boost Investment and Development

Constance
Zambia Qatar $19B MoU: Driving Investment Across Energy, Mining, Agriculture, and Infrastructure On 18 August 2025, Zambia and Qatar signed a landmark Memorandum of Understanding (MoU) covering 11 key sectors, valued at US$19 billion. The agreement spans energy and oil, banking and finance, housing and urban development, agriculture and food security, mining and minerals, logistics and infrastructure, telecommunications, health, education, tourism, and industrial development. The partnership is expected to drive investment, create jobs, and deliver direct benefits to Zambian citizens. The Industrial Development Corporation (IDC) of Zambia and Qatar’s Al… Read More Here
President Hichilema Inaugurates $1.25 Billion Kansanshi Mine Expansion, Securing Zambia’s Copper Growth 10 Mining in Zambia Copper Corporate News Economy New Mining Projects 

President Hichilema Inaugurates $1.25 Billion Kansanshi Mine Expansion, Securing Zambia’s Copper Growth

Constance
Zambia Secures $1.25 Billion Mining Boost as President Hichilema Commissions Kansanshi S3 Expansion President Hakainde Hichilema officially commissioned the $1.25 billion Kansanshi S3 Expansion by First Quantum Minerals (FQM), a landmark investment set to transform Zambia’s mining sector, extend the life of Africa’s largest copper mine, and power economic growth for decades to come this week. The S3 Expansion will prolong the operation of Kansanshi Mine into the 2040s while significantly boosting copper output. The project features the opening of a new mining pit known as the South East Dome,… Read More Here

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