Category: Mining in Zambia

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

Zambia Attracts USD 14.71 Billion in Actualised Investments Since 2021 – ZDA The Zambia Development Agency (ZDA) has recorded USD 14.71 billion in actualised investments from 2021 to date, reflecting a significant conversion of pledged projects into tangible economic activity across key sectors of the economy. Speaking during the ZDA End-of-Year Media Briefing, Director General Albert Halwampa disclosed that the figure is based on confirmed responses from 779 companies out of 2,065 firms holding ZDA investment licences. Collectively, these licensed companies had committed investments amounting to USD 89.31 billion. Mr… Read More Here