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Category: Mining in Zambia

Zambia Among Africa’s Top 10 Fastest-Growing Economies for 2025 1 Mining in Zambia Economy 

Zambia Among Africa’s Top 10 Fastest-Growing Economies for 2025

Constance
Zambia has been ranked among the top 10 African countries expected to experience significant Gross Domestic Product (GDP) growth in 2025, according to the latest World Economic Outlook report by the International Monetary Fund (IMF). The IMF projects a 6.6% GDP growth for Zambia, placing it sixth on the continent. This growth is anticipated to stem from the easing of adverse weather effects and supply chain constraints. The Economics Association of Zambia (EAZ) has endorsed the IMF’s projection, describing it as realistic due to the government’s implementation of long-term economic… Read More Here
Zambia Partners with Mercuria and IDC to Enhance Copper Trade 2 Copper Economy Mining in Zambia 

Zambia Partners with Mercuria and IDC to Enhance Copper Trade

Constance
Independent energy and commodity group Mercuria has entered into a strategic joint venture (JV) partnership with Zambia’s state-owned Industrial Development Corporation (IDC) to establish a metals trading company through Industrial Resources Limited, a wholly owned IDC subsidiary. This partnership positions Zambia, Africa’s second-largest copper producer, to actively participate in minerals trading. Mercuria will support Zambia in building independent institutional marketing and trading capacity for its copper resources. “Our joint venture with IDC marks a significant milestone for Zambia as it positions itself more strategically in the global minerals market,” said… Read More Here
ZDA Achieves $9.89 Billion in Realized Investments, Creating Over 40,000 Jobs 3 Mining in Zambia Economy 

ZDA Achieves $9.89 Billion in Realized Investments, Creating Over 40,000 Jobs

Constance
The Zambia Development Agency (ZDA) has successfully actualized $9.83 billion of the $58.78 billion in committed investments, translating into 497 projects across various sectors. These initiatives, representing a commitment of $18.74 billion, have generated 40,395 jobs, surpassing the initial target of 38,119 jobs. ZDA Director General Albert Halwampa highlighted the Agency’s intensified efforts to support investment projects that foster job creation and economic growth. In 2024, ZDA ramped up its trade, investment, and business development activities through targeted trade missions and enhanced support services to boost competitiveness in key economic… Read More Here
Zambia Urges Sustainable Energy Investments Amid Power Deficit 4 Mining in Zambia Electricity Energy 

Zambia Urges Sustainable Energy Investments Amid Power Deficit

Constance
The Ministry of Energy has urged investors to focus on sustainable electricity generation to address Zambia’s power shortage, worsened by climate-related low water levels. Speaking in Lusaka, Permanent Secretary Peter Mumba reaffirmed the government’s commitment to supporting energy sector investments. This call to action came during a meeting with the China Civil Engineering Construction Corporation (CCECC), which plans to develop two solar power plants in Nalolo and Lukulu districts of Western Province. These projects aim to add 600 megawatts to the national grid. PS Mumba disclosed that Zambia’s electricity generation… Read More Here
Zambia Sees Growth in Urban Electricity Access, Report Shows 5 Mining in Zambia Electricity 

Zambia Sees Growth in Urban Electricity Access, Report Shows

Constance
Zambia has recorded a significant increase in urban electricity access, according to the 2023 National Energy Access Baseline Survey report. The report reveals that, out of more than 1.5 million households in the country, over 80% now have access to electricity, a notable rise from the 64% recorded in previous surveys. Peter Mumba, Permanent Secretary of the Ministry of Energy, attributed this progress to the ministry’s ongoing initiatives in collaboration with various stakeholders. He highlighted that these efforts have played a crucial role in expanding electricity access across urban areas.… Read More Here
Bank of Zambia Announces Plan to Phased Out Cheques by 2026 6 Mining in Zambia Economy 

Bank of Zambia Announces Plan to Phased Out Cheques by 2026

Constance
The Bank of Zambia (BoZ) has unveiled a comprehensive plan to phase out the use of bank cheques nationwide, with the final discontinuation scheduled for June 24, 2026. This major decision comes in response to an 80% decline in cheque transactions over the past decade. In an official statement, the BoZ cited the rapid rise of electronic payment methods and growing concerns over security as key factors driving the transition. The bank pointed out that cheques are highly susceptible to fraud, including forgery, alteration, theft of cheque books, and unauthorized… Read More Here
Midnight Sun Secures License Renewal for Solwezi Copper Project in Zambia 7 Mining in Zambia Copper New Mining Projects 

Midnight Sun Secures License Renewal for Solwezi Copper Project in Zambia

Constance
Midnight Sun Mining Corp. (TSXV: MMA) announced Monday the renewal of the exploration license for Kazhiba, a key target area within its flagship 506-sq.-km Solwezi copper project in Zambia. The project is located just 10 km from the Kansanshi mine, Africa’s largest copper mining complex, operated by First Quantum Minerals (TSX: FM). Midnight Sun has an exploration agreement with First Quantum to develop the area. The Zambian government recently rectified an earlier error in rejecting the license renewal for Kazhiba. This resolution removes any doubts about the project’s future. “The… Read More Here
Temporary Suspension of Mining Operations at Kagem Due to Damaged Emerald Market 8 Mining in Zambia Emeralds 

Temporary Suspension of Mining Operations at Kagem Due to Damaged Emerald Market

Constance
Kagem Mining Limited (“Kagem”) announces the temporary suspension of mining operations at Kagem. This decision is a direct consequence of disturbed emerald market dynamics arising from an oversupply of Zambian emeralds at discounted prices during the second half of 2024, compounded by conflicting emerald auction dates between the key Zambian emerald producers and giving rise to a destabilised Zambian emerald market outlook for at least the first half of 2025. These market dynamics are evidenced by the disappointing auction results from Kagem’s last commercial and higher-quality auctions held in September… Read More Here
ZCCM-IH Invests $10 Million in Green Bond to Boost Zambia’s Renewable Energy 9 Mining in Zambia Economy Energy 

ZCCM-IH Invests $10 Million in Green Bond to Boost Zambia’s Renewable Energy

Constance
ZCCM Investments Holdings PLC (ZCCM-IH) has announced a $10 million (approximately ZMW 275 million) investment in the second tranche of CEC Renewables Limited’s (CEC-R) Green Bond issuance. This strategic move underscores ZCCM-IH’s commitment to advancing sustainable energy and supporting Zambia’s capital market growth. The second tranche of the bond raised $96.7 million, earmarked for expanding the 60 MW Itimpi-1 solar photovoltaic (PV) plant into the 136 MW Itimpi-2 project. This initiative seeks to address Zambia’s persistent energy crisis by bolstering the country’s renewable energy infrastructure. Dr. Ndoba Vibetti, CEO of… Read More Here
KGL Unveils 10-Year Strategic Plan to Address Zambia’s Power Crisis 10 Mining in Zambia Electricity 

KGL Unveils 10-Year Strategic Plan to Address Zambia’s Power Crisis

Constance
Amid Zambia’s ongoing power shortages, exceeding 1,300 MW and causing widespread blackouts, the Kafue Gorge Lower Power Development Corporation Limited (KGL), a subsidiary of Zesco Limited, has launched a transformative 10-year strategic plan. Announced on December 11, 2024, the plan aims to reshape the nation’s energy landscape by addressing the power crisis, promoting sustainable energy, and supporting Zambia’s economic development goals. KGL’s evolution from a project-focused entity to a fully operational power generation corporation is a critical milestone. Operating a 750 MW hydroelectric power plant, the largest installed capacity among… Read More Here

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