LUSAKA, ZAMBIA – Recognizing the untapped potential of the Copperbelt Province, First Quantum Minerals (FQM) has officially handed over a groundbreaking aerial geological survey to the Zambian government. Fully funded by FQM, this comprehensive survey addresses a long-standing gap in geological data, despite more than a century of mining activityContinue Reading
During an emergency session of the United Nations Security Council on January 27, 2025, Thérèse Kayikwamba Wagner, the Democratic Republic of Congo’s (DRC) Foreign Minister, delivered a powerful address condemning what she described as a “systematic and coordinated strategy” by Rwanda to support the M23 rebel group. She urged theContinue Reading
Zambia’s mining sector is experiencing a strong recovery, with economic expert Kelvin Chisanga praising its resilience and the positive impact of policy-driven reforms. Chisanga pointed out that while production fell by 20% in 2023, the 12% growth in 2024 is a clear indication of the success of government policies andContinue Reading
Shares of Tertiary Minerals PLC (AIM: TYM) skyrocketed by 16% following the announcement of a game-changing discovery of economically significant silver and cobalt deposits at its Mushima North Project in Zambia. High-Grade Silver Hits The UK-based exploration company reported impressive drill results, including a standout 59-metre section grading 25 gramsContinue Reading
Jubilee Metals Group, a diversified metals producer listed on Aim and AltX, reported a decline in copper production at its Roan operation in Zambia due to ongoing power constraints. In its operational update for the six months ending December 31, marking the first half of the 2025 financial year, theContinue Reading
Gemfields Faces High Tax Burden in Zambia as Export Duty Returns Shares of Gemfields (LON: GEM) (JSE: GML) dropped on Wednesday after the colored gemstone miner revealed it faces a steep tax hike in Zambia due to the reintroduction of a 15% export duty on emeralds. The export tax, reinstatedContinue Reading
Prime Minister Judith Suminwa has declared a nationwide moratorium on state control missions targeting businesses, following concerns raised by the Federation of Congolese Enterprises (FEC) regarding the administrative burden at the end of the fiscal year. The suspension, which is effective from December 16, 2024, to January 30, 2025, isContinue Reading
Zambia has been ranked among the top 10 fastest-growing economies in Africa for 2025, according to the latest World Economic Outlook report from the International Monetary Fund (IMF). The IMF forecasts a 6.6% GDP growth for Zambia, placing it sixth on the continent. This growth is expected to be drivenContinue Reading
Zambia’s Ministry of Energy is making a passionate appeal for increased investments in sustainable electricity generation to bridge the country’s significant power deficit, exacerbated by climate-induced low water levels. Speaking in Lusaka, Permanent Secretary Peter Mumba emphasized the government’s unwavering support for energy sector investments, highlighting the urgency of theContinue Reading
The World Bank has approved a $100 million financing package aimed at enhancing Zambia’s ability to manage natural disasters while strengthening its economic and climate resilience. The package combines a Climate and Economic Resilience Development Policy Financing (DPF) grant with a Catastrophe Drawdown Option (Cat-DDO), reflecting a dual approach toContinue Reading
