Mining in Zambia - Copperbelt Katanga Mining

Zambia’s Economic Momentum Strengthens as Kwacha Gains Ground

June 20, 2025June 20, 2025 Constance

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

Kenya, Zambia, and South Africa Lead Charge in Africa’s Electricity Market Reforms

June 20, 2025June 20, 2025 Constance

Kenya, Zambia, and South Africa are accelerating power sector reforms, transitioning from state-controlled utility models to open access electricity markets. These changes aim to improve reliability, attract private investment, and reduce energy costs across a region long burdened by power deficits. In Kenya, the Energy Act of 2019 and the newly published Electricity Market, Bulk Supply and Open Access Regulations 2024 allow independent power producers (IPPs) to sell directly to large consumers or private vendors through a wheeling process. Consumers using at least 1 MVA can bypass the state utility,… Read More Here

Mining in Zambia Corporate News Energy

CEC Urges New Financing Models and Partnerships to Power Africa’s Energy Future

June 20, 2025June 20, 2025 Constance

Copperbelt Energy Corporation PLC (CEC) has called for strategic partnerships and innovative financing mechanisms to accelerate energy infrastructure development across Africa, cautioning that traditional risk models are no longer adequate to meet the continent’s growing power needs. Speaking at the 2025 Africa Energy Forum (AEF) in Cape Town, South Africa, CEC Chief Financial Officer Mutale Mukuka stressed the importance of cross-sector collaboration. He emphasized that sustainable progress in Africa’s energy sector hinges on deeper cooperation among governments, utilities, financiers, Engineering, Procurement and Construction (EPC) contractors, and local communities. “Governments alone… Read More Here

Mining in Zambia Economy Green Energy

ZEMA Approves $834 Million in Projects to Drive Green Economic Transformation

June 20, 2025June 20, 2025 Constance

The Zambia Environmental Management Agency (ZEMA) has approved 259 development projects worth over $834 million, reaffirming the country’s commitment to environmentally responsible economic growth. The approvals were granted during the April and May 2025 sessions of the Environmental Assessment Committee (EAC) of ZEMA’s Board of Directors. The greenlit projects span several strategic sectors: 138 in mining and mineral processing, 43 in energy, 39 in infrastructure, and 31 in manufacturing and processing—representing a major step toward sustainable industrialization in Zambia. A flagship development among the approvals is the $140 million ultra-modern… Read More Here

Mining in Zambia Copper Economy

ZCCM-IH Projects Over 1,000% Surge in EPS Following Mopani Transaction

June 20, 2025June 20, 2025 Constance

Diversified mining investments and operations company ZCCM Investments Holdings Plc (ZCCM-IH) expects its earnings per share (EPS) for the year ended December 31, 2024, to rise by approximately 1,077% year-on-year. This substantial increase is primarily attributed to the successful completion of the Mopani Copper Mines strategic equity partner (SEP) transaction, which transformed Mopani into a financially sustainable entity. The deal also enabled the settlement of ZK44.72 billion (US$1.71 billion) in debt owed to Glencore/Carlisa. As part of the transaction, ZCCM-IH recorded a one-time gain of ZK35.92 billion (US$1.41 billion) and… Read More Here

Mining in Zambia Electricity Energy

ZESCO and CEC Partner to Accelerate Solar Energy Expansion Across Zambia

June 16, 2025June 16, 2025 Constance

ZESCO Limited and Copperbelt Energy Corporation (CEC) Plc have announced a strategic partnership to accelerate the rollout of solar power generation across Zambia. The collaboration includes the creation of a joint planning team designed to streamline the development of solar projects, optimize resource use, and eliminate project duplication. The announcement was made during an appreciation tour of CEC’s solar facilities in Kitwe. ZESCO Chairman Vickson Ncube highlighted the importance of a coordinated national approach. “We are forming a joint planning team between ZESCO and CEC management to plan the national… Read More Here

Mining in Zambia Economy

Zambia Eyes 6% Economic Growth in 2025 Amid Copper Boom and Currency Surge

June 16, 2025June 16, 2025 Constance

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

Mining in Zambia Copper Corporate News

FQM Trident Strengthens Zambia’s Mining Sector with Record Production and Sustainability Efforts

June 10, 2025June 10, 2025 Constance

Solwezi, Zambia – FQM Trident, a subsidiary of First Quantum Minerals, continues to solidify its position as a key player in Zambia’s mining sector. During a recent media tour, Assistant General Manager Frederic Wouters provided an update on the company’s operations, highlighting record production figures, environmental initiatives, and community investment efforts. In 2024, FQM Trident’s Sentinel Copper Mine produced an impressive 231,000 tons of copper, with similar output expected this year. Meanwhile, the newly commissioned Enterprise Nickel Mine is ramping up production and is projected to deliver up to 25,000… Read More Here

Transport and Logistics Angola Economy Mining in DRC Mining in Zambia

AFC Secures $320 Million Deal with Italy to Boost Angola’s Lobito Corridor

June 10, 2025June 10, 2025 Constance

Africa Finance Corporation (AFC), a Lagos-based continental financier, will soon sign a $320 million financing agreement with Italy, part of which will support the development of a new transport corridor linking critical mineral fields in central Africa to Angola’s Lobito port, according to AFC CEO Samaila Zubairu. AFC, owned by African central banks and development lenders, is the financing partner for the U.S.-backed Lobito Corridor project. The corridor aims to connect the Atlantic port of Lobito in Angola with mineral-rich regions in Zambia and the Democratic Republic of the Congo,… Read More Here

Mining in Zambia Mining Personality

ZCCM-IH Appoints Kakenenwa Muyangwa as CEO to Lead New Strategic Phase

June 10, 2025June 10, 2025 Constance

ZCCM Investments Holdings Plc (ZCCM-IH) has announced a major leadership transition with the appointment of Mr. Kakenenwa Muyangwa as Chief Executive Officer, effective 6 June 2025. This follows his retirement as Non-Executive Director and Board Chairperson, effective 5 June 2025. The announcement, made in line with Section 3.59 of the Lusaka Securities Exchange (LuSE) Listing Rules, reflects the company’s commitment to leadership continuity and strategic transformation. Mr. Muyangwa is a seasoned business executive with more than 35 years of experience in business strategy, corporate recovery, mining investment, and financial management.… Read More Here