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Category: Mining in Zambia

Zambia Welcomes Major Solar Investment from China’s LONGi Green Energy 1 Mining in Zambia Energy 

Zambia Welcomes Major Solar Investment from China’s LONGi Green Energy

Constance
The Zambian Government has welcomed a major renewable energy investment from Chinese solar technology giant LONGi Green Energy Technology Co., which plans to develop a 100-megawatt (MW) solar power plant in Zambia. Scheduled to become operational by December 2025, the project marks the first phase of a broader plan to scale up to 200MW—offering a substantial boost to Zambia’s renewable energy sector. The announcement was made during a courtesy visit by LONGi executives to the Minister of Energy, Hon. Makozo Chikote, MP, in Lusaka, where the company presented its investment… Read More Here
Lobito Corridor Gains Global Momentum as Zambia Deepens EU-Italy Partnerships 2 Mining in Zambia Partnership Transport and Logistics 

Lobito Corridor Gains Global Momentum as Zambia Deepens EU-Italy Partnerships

Constance
Zambia has strengthened its global development partnerships following a high-level summit on the Mattei Plan and the European Union’s Global Gateway, held in Rome. The meeting, co-hosted by Italian Prime Minister Giorgia Meloni and European Commission President Ursula von der Leyen, reaffirmed Italy and the EU’s support for Zambia through the transformative Lobito Corridor Project. Representing Zambia at the summit was Minister of Finance and National Planning, Hon. Dr. Situmbeko Musokotwane. The event brought together top officials from Angola, the Democratic Republic of Congo, Tanzania, and Zambia, with discussions centered… Read More Here
Kansanshi Mining Plc Commissions K1.7 Million Solar Power System at Kwambula 3 Mining in Zambia Copper Energy 

Kansanshi Mining Plc Commissions K1.7 Million Solar Power System at Kwambula

Constance
FQM`s Kansanshi Mining Plc has officially commissioned a state-of-the-art 120 kWh solar power system at Kwambula Trades Training Institute, representing a K1.7 million investment. The project ensures a reliable and sustainable energy source for both Kwambula and the Solwezi Trades Training Institute’s administration block, ending their dependency on diesel generators during Zambia’s ongoing power crisis. Speaking on behalf of Kansanshi’s General Manager, Training Manager Charlie Watt emphasised the company’s broader commitment to education in Solwezi. In addition to the solar system, Kansanshi is currently investing over K12 million in infrastructure… Read More Here
Zambia’s Economic Momentum Strengthens as Kwacha Gains Ground 4 Mining in Zambia Economy 

Zambia’s Economic Momentum Strengthens as Kwacha Gains Ground

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 5 Electricity Energy Mining in Zambia 

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

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
CEC Urges New Financing Models and Partnerships to Power Africa’s Energy Future 6 Mining in Zambia Corporate News Energy 

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

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
ZEMA Approves $834 Million in Projects to Drive Green Economic Transformation 7 Mining in Zambia Economy Green Energy 

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

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
ZCCM-IH Projects Over 1,000% Surge in EPS Following Mopani Transaction 8 Mining in Zambia Copper Economy 

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

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
ZESCO and CEC Partner to Accelerate Solar Energy Expansion Across Zambia 9 Mining in Zambia Electricity Energy 

ZESCO and CEC Partner to Accelerate Solar Energy Expansion Across Zambia

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
Zambia Eyes 6% Economic Growth in 2025 Amid Copper Boom and Currency Surge 10 Mining in Zambia Economy 

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

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

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