Category: Economy

Stanbic Bank Zambia has reaffirmed its strategic commitment to advancing Africa’s mining and energy sectors through regional integration and private sector-led investment. The bank demonstrated this commitment by joining its sister institution, Standard Bank DRC, at the 2025 DRC Mining Week held in Lubumbashi. The event, one of Africa’s leading mining forums, brought together stakeholders from mining, energy, infrastructure, and finance sectors to discuss the future of the Democratic Republic of Congo’s mining industry and its connection to the broader continent. Stanbic Bank’s participation highlights the wider Standard Bank Group’s… Read More Here

Zambia’s macroeconomic outlook is showing renewed strength, driven by a combination of internal and external factors that are supporting the Kwacha and improving overall economic prospects. Economic analyst Mr. Kelvin Chisanga has identified several key developments contributing to this positive trend. “Seasonal tax inflows are reinforcing the government’s fiscal position, improving liquidity, and supporting national development programs,” Chisanga noted. He explained that mid-year tax payments, along with upcoming quarterly obligations, are injecting fresh capital into the economy, easing pressure on public finances. On the external front, a weaker U.S. dollar… Read More Here

Zambia’s economy is on track to grow by at least 6% this year, marking its strongest expansion since 2021, according to Finance Minister Situmbeko Musokotwane. The projection, he said, is fueled by a combination of improved rainfall and a surge in copper production, Zambia’s economic backbone. Speaking on the sidelines of Bloomberg’s annual Africa Business Media Innovators Conference, Musokotwane emphasized that the country’s mining sector—particularly copper—is central to its ongoing economic rebound. Zambia, the second-largest copper producer in Africa, saw a significant increase in metal output last year. Copper accounts… Read More Here