In a bold step toward enhancing regional cooperation and energy security in Southern Africa, the Government of Mozambique has signed two pivotal memoranda of understanding (MoUs) with the Republics of Zambia and Zimbabwe. The agreements, facilitated through Mozambique’s Ministry of Mineral Resources and Energy, mark a strategic move to advanceContinue Reading
UK-based mining group Vedanta Resources is exploring a potential initial public offering (IPO) in the United States for its Zambian subsidiary, Konkola Copper Mines (KCM), aiming to raise around $1 billion to finance mine development, according to Reuters, citing sources familiar with the matter. The mining conglomerate, led by IndianContinue Reading
Zimbabwe and Zambia are ramping up efforts to revive the long-stalled $5 billion Batoka Gorge hydropower project by exploring a controversial plan to divert water from the Democratic Republic of Congo (DRC) to stabilize Zambezi River flows. The Zambezi River Authority (ZRA), which jointly manages the Kariba Dam for bothContinue Reading
SKF Zambia proudly hosted the riveting SKF ‘Meet the World’ football tournament at the International School of Lusaka Grounds (ISL) on 12 April 2025. U-17 all-girl teams from six clubs in the rural areas of Lusaka – Kaunda Square Queens, Black Stars Ladies, Kanyama Bulls, Fearless Sports Academy, Bauleni SportsContinue Reading
Zambia’s copper industry is gaining renewed strength, with production rising by nearly 30% in the first quarter of 2025. Output reached approximately 224,000 metric tonnes—up from 173,000 tonnes during the same period last year—according to Mines Minister Paul Kabuswe. The surge is largely credited to revitalised operations and fresh investmentContinue Reading
Zambia is taking a bold step toward renewable energy with a $500 million solar drive that aims to bring clean power to 130,000 households. Spearheaded by ZESCO, the state-owned utility, the initiative is part of a broader Presidential Solar Directive to expand access to sustainable electricity and build energy resilienceContinue Reading
Gemfields has announced $16.4 million in revenue from its recent auction of commercial-quality rough emeralds mined from its 75%-owned Kagem operation in Zambia. The sale, held in Jaipur, India, from April 11 to 29, saw 32 of 36 lots sold at an average price of $6.87 per carat. The resultsContinue Reading
The United States has reiterated its backing for the Lobito Corridor, a major infrastructure project linking the Democratic Republic of Congo (DRC) to Angola’s Atlantic coast, aimed at enhancing regional trade and unlocking the DRC’s mineral wealth. During an April 17, 2025 visit to the DRC, U.S. Senior Advisor MassadContinue Reading
ZESCO’s Lusaka Control Centre Senior Manager, Boniface Syasipa, has expressed optimism about the country’s improving power situation, pointing to stronger local electricity generation as a key driver of increased reliability for homes and businesses. In an interview with ZESCO’s in-house media on April 16, Syasipa noted that the state utility,Continue Reading
LUSAKA – ZCCM Investments Holdings Plc (LUSE: ZCCM-IH) has notified its shareholders and the public about ongoing confidential arbitration proceedings initiated by Trafigura Pte Limited. The arbitration, filed under the London Court of International Arbitration (LCIA) Rules 2020 on February 24, 2024, follows a payment demand issued by Trafigura onContinue Reading
