News Zambia: Zambia: Three Arrested in $2.4 Million Cryptocurrency Investment Scheme
Three individuals are currently out on bond in Zambia after being arrested over charges related to a cryptocurrency investment scheme they had operated. The three suspects — Hilda Agnes Raubenheimer, Orient Rio Zekko, and Tapiwa Chirwa — are directors of cryptocurrency investment firm Heritage Coin Resources Limited, per the Zambian Watchdog. They allegedly collected more
News Zambia: Zambia's Hichilema seeks to turn debt recovery into economic expansion
By Nilutpal Timsina LUSAKA, Aug 18 (Reuters) - After restructuring Zambia's debt in his first term, Hakainde Hichilema says there is more work to be done in his second and wants to double the size of
News Zambia: Mumena Mushinge Appointed to Baushi Royal Foundation, Signaling a New Era of Leadership and Wealth Creation in Luapula Province
CHARLOTTE, N.C. and LUSAKA, Zambia, May 18, 2025 (GLOBE NEWSWIRE) — Terra Metals Inc. is proud to announce the appointment of its Co-Founder and Co-Chairman, Mr. Mumena Mushinge, to the Baushi Royal ...
News Zambia: Vedanta offers Zambia investment commitments if handed back KCM
Vedanta Resources has offered to step up investment in Zambia's Konkola Copper Mines (KCM) and implement several social responsibility programmes if it resumes control of the local firm, a company letter sent to the government showed. Zambia's previous government put KCM into the hands of liquidator Milingo Lungu in May 2019, triggering an ongoing legal dispute with Vedanta Resources, KCM's parent company.
News Zambia: Hichilema wins second term as Zambia bets on copper-led growth
By Brian Kenety Zambian President Hakainde Hichilema has won a second five-year term with 61.4% of the vote, giving him a renewed mandate to pursue an investment-led economic programme centred on sharply expanding copper production after restructuring the country's debt. The Electoral Commission of Zambia declared the 64-year-old incumbent the winn...
News Zambia: Stardust Solar’s 30 MW Zambia project enters a pivotal stage
Eamonn McHugh, COO of Stardust Solar Energy Inc., discusses the company’s position as North America’s largest solar franchise network.
News Zambia: Zambia and Angola announce rate cuts, boosting the construction industry
In mid-May 2026, Zambia and Angola both announced interest rate cuts to support economic growth, improve borrowing conditions, and encourage investment activity. Zambia lowered its benchmark interest ...
News Zambia: Zambia will enforce copper import tax - mining minister
Zambia is determined to enforce a new 5 percent copper import duty, as part of a plan to keep a greater share of mineral resource profits for the country and tackle its debt, Mining Minister Richard Musukwa said. Musukwa was speaking on the sidelines of the Indaba mining conference in Cape Town, where government ministers and mining executives are debating how to attract investment and how to strike the right balance between resource-holding governments and foreign companies. Vedanta has said it would suspend operations in Zambia, although the minister said it had yet to do so, while Barrick has said it is exploring options for its Zambian copper mine.
News Zambia: BHP’s copper earnings hit $18.2 billion and overtake iron ore as Zambia returns to mining giant’s radar
Copper has overtaken iron ore in BHP’s full-year earnings as the mining giant plans major production growth and examines large-scale exploration opportunities in Zambia. | Business Insider Africa
News Zambia: Hichilema’s second term puts Zambia’s economic recovery to the test
Hakainde Hichilema, Zambia’s President has secured a second term with a mandate to consolidate the country’s fragile economic recovery...
News Zambia: Zambia expects $1bn IPO boom as copper prices lift investor confidence
Zambia’s stock exchange expects companies to raise as much as $1 billion through initial public offerings as stronger copper prices...
News Zambia: UPDATE 1-Zambia finance minister: Official creditors have second meeting to discuss debt relief
Zambia's official sector creditors met on Thursday to discuss the type of debt relief to offer the country, Finance Minister Situmbeko Musoktwane told Reuters. Zambia became the first African sovereign default in the COVID-19 era in late 2020 and has been struggling to restructure debt that reached 133% of GDP at the end of 2021, which analysts have blamed partly on the high number and diversity of creditors. Zambia's external debt was $14.87 billion at the end of June 2022.
News Zambia: Can Zambia’s Historic Debt Swap Drive Economic Growth?
Welcome to Foreign Policy's Africa Brief. Zambia launched the world's first debt-for-energy swap last month, offering to buy back $1.36 billion of its outstanding 2053 private bonds using a $600 ...
News Zambia: Zambia Makes Steady Progress in Financial Inclusion but Many Women Still Excluded
Levels of formal financial inclusion gradually increased from 23 percent of Zambian adults in 2009, to 38 percent in 2015. In rural areas, Zambians are more excluded from formal financial services, as ...
News Zambia: Zambia launches financial literacy campaign week
LUSAKA, March 18 (Xinhua) -- Zambia on Monday launched the 2024 Financial Literacy Week aimed at sensitizing citizens on financial matters, with the government urging citizens to be wary of risks ...
News Zambia: 'You are not scaling Ethereum': Vitalik Buterin issues a blunt reality check to the biggest crypto networks
The roadmap in place doesn't make as much sense because progress among layer-2s toward later stages of decentralization has been slower and more difficult, and Ethereum itself is now scaling directly on layer-1.
News Zambia: BOZ calls for digitally skilled professionals
Lusaka - Zambia: Bank of Zambia (BOZ) Deputy Governor, Rekha Mhango has emphasized the urgent need for digitally skilled and ethically grounded professionals
News Zambia: Government approves 24 hours business operations in Zambia
CABINET approved to extend the business and operating hours to run for 24 hours for business houses, markets and bus stations. The establishment of a 24-hour economy presents a transformative opportunity for the country to unlock new avenues of economic growth, employment and service delivery. The extension of business and operating hours for businesses is premised
