Zambia Unveils "The Zambezi Minute" Vision to Lead in Critical Minerals Sector 1 Mining in Zambia 

Zambia Unveils “The Zambezi Minute” Vision to Lead in Critical Minerals Sector

This weekend, the Zambian government launched The Zambezi Minute, an ambitious initiative aimed at harnessing the global demand for critical minerals and attracting foreign investment. The government has committed to ensuring fair benefits for its citizens, including jobs, revenue, and sustainability, while drawing in capital to drive economic growth. The plan’s foundation rests on a streamlined regulatory system, with every policy evaluated by one key question: “Does it reduce risk and increase output?” Success, according to government officials, will rely on improved infrastructure, logistics, and transparent policies that foster investor… Read More Here
Zambia’s Chief Geologist Calls for Regulatory Reforms to Strengthen Mining Sector 2 Mining in Zambia 

Zambia’s Chief Geologist Calls for Regulatory Reforms to Strengthen Mining Sector

Desiderius Chapewa, Chief Geologist for Regional Mapping at the Geological Survey Department, has outlined critical challenges facing Zambia’s mining exploration sector, including the lack of regulation for geological professionals and the need for better data management. In an interview with Copperbelt Katanga Mining at the recent AZMEC Forum in Kitwe, Mr. Chapewa highlighted the need to pass the Geoscience Professionals Bill to formalize the profession and enhance the exploration process. He also pointed out the difficulty investors face due to the absence of a centralized mineral inventory, with many companies… Read More Here
KCM Reaffirms Commitment to Settling Debts Under Court-Approved Payment Plan 3 Mining in Zambia Corporate News Press Release 

KCM Reaffirms Commitment to Settling Debts Under Court-Approved Payment Plan

Konkola Copper Mines (KCM) has assured that it is fully committed to meeting its obligations under the Scheme of Arrangement, a court-approved payment plan. The company confirms that it has not defaulted on any payments to creditors and is adhering to the terms established by the court. KCM has already made full payments to smaller creditors (Class I), those owed less than $1 million. For larger creditors (Class II), owed $1 million or more, KCM has paid 35% of the amounts due as a first tranche on a prorated basis,… Read More Here
Zambia’s Mining Pollution Poses Growing Environmental and Economic Risks 4 Mining in Zambia 

Zambia’s Mining Pollution Poses Growing Environmental and Economic Risks

Concerns over mining pollution in Zambia are growing as experts highlight severe health risks and economic instability linked to environmental hazards. Economic analyst Kelvin Chisanga has raised alarm over the discharge of harmful chemicals into the country’s water bodies by mining companies, calling for urgent regulatory action. “The mining sector once promised economic growth, job creation, and increased revenue. However, with stakeholders failing to uphold environmental standards, we are witnessing a dangerous trend of pollution,” Chisanga stated. He emphasized that Zambia’s mining industry has long operated under weak regulatory oversight,… Read More Here
Zambia’s Economy Surpasses Growth Forecasts Amid Strong Q4 Performance 5 Mining in Zambia Economy 

Zambia’s Economy Surpasses Growth Forecasts Amid Strong Q4 Performance

Zambia’s economy outperformed expectations in 2023, exceeding growth forecasts from both the government and the International Monetary Fund (IMF), driven by a sharp rise in fourth-quarter output. According to preliminary data, the country’s gross domestic product (GDP) grew by 4% in 2023, down from 5.4% in 2022, acting Statistician-General Sheila Mudenda announced on Thursday. This figure far exceeded the IMF’s projection of 1.2% and the estimates of President Hakainde Hichilema’s administration, Bloomberg reported. The economy recorded an impressive 8.6% growth in the last quarter—the fastest pace in over a decade—bolstered… Read More Here
Bank of Zambia to Launch New Kwacha Banknotes on March 31 6 Mining in Zambia Economy 

Bank of Zambia to Launch New Kwacha Banknotes on March 31

The Bank of Zambia will introduce a new family of Kwacha banknotes on Monday, March 31, making them immediately legal tender while beginning the gradual phase-out of the existing designs. The new series includes the 500, 200, 50, 20, and 10 Kwacha notes, featuring: According to Kagolis Mwamulowe, Director of the National Heritage Conservation Commission, the new notes highlight Zambia’s unique natural heritage, including its diverse flora and fauna. Leonard Mwanza, CEO of the Bankers’ Association of Zambia, reassured the public that banks and ATMs are fully prepared for the… Read More Here
Zambia Records First Inflation Decline in Over a Year 7 Mining in Zambia Economy 

Zambia Records First Inflation Decline in Over a Year

For the first time since July 2023, Zambia’s annual inflation rate has declined, offering some much-needed economic relief. Reports indicate that in March 2025, inflation dropped to 16.5%, down from 16.8% in February. The announcement was made by Acting Statistician-General Sheila Mudenda on Thursday in Lusaka. A key driver of the decline was a drop in food prices, particularly for essentials such as bread and cereal. This was largely due to increased rainfall following one of the worst droughts in nearly a century. Food price inflation fell to 18.9% in… Read More Here
Zambia’s CEC to Invest $500 Million in Power Transmission and Solar Expansion 8 Mining in Zambia Energy 

Zambia’s CEC to Invest $500 Million in Power Transmission and Solar Expansion

Zambia’s Copperbelt Energy Corporation (CEC) plans to invest $500 million over the next two years to expand its power transmission infrastructure. The investment will focus on increasing solar power output and doubling the capacity of its crucial transmission line to the Democratic Republic of Congo (DRC). CEC, which operates the only transmission link between the DRC and the Southern African Power Pool (SAPP), intends to raise power transfer capacity from 250 MW to 550 MW. This expansion aims to enhance regional energy security and meet the growing industrial demand in… Read More Here
Zambia Secures $120 Million from World Bank to Boost Digital Infrastructure and Innovation 9 Mining in Zambia Economy 

Zambia Secures $120 Million from World Bank to Boost Digital Infrastructure and Innovation

Zambia has secured $120 million in funding from the World Bank’s Digital Development Partnership to advance its Digital Public Infrastructure (DPI) agenda, Minister of Science and Technology Felix Mutati announced. Speaking at the Global Digital Summit in Washington, D.C., Mutati highlighted that the funds will support AI development, expand connectivity, and promote digital skills training. This financial support builds on Zambia’s Digital Zambia Acceleration Project (DZAP), which previously received $100 million from the World Bank to develop a strong digital ecosystem for public service delivery. Mutati emphasized the importance of… Read More Here
Zambia Applauds FQM Minerals for Advancing Gender Equality in Mining 10 Mining in Zambia 

Zambia Applauds FQM Minerals for Advancing Gender Equality in Mining

The Zambian government has commended First Quantum Minerals (FQM) for its ongoing efforts to promote gender equality within the mining sector, ensuring that women and girls have equal opportunities to contribute to the country’s economic development. Speaking at the 2025 International Women’s Day celebrations, under the theme “For All Women and Girls: Rights. Equality. Empowerment,” Vice President W.K. Mutale Nalumango praised FQM for creating more job opportunities for women, noting that many women are now employed as equipment operators at the company. Mrs. Nalumango reiterated the government’s commitment to gender-responsive… Read More Here

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