I want to buy a leg, but ZSIC Is holding my K325,000 AFTER dedicating 36 years of his life to Zambia Postal Services, 66-year-old John Kongwa believed retirement would bring him peace and security. Instead, he finds himself trapped in a painful struggle to reclaim the benefits he says he earned through decades of hard… Continue reading I want to buy a leg, but ZSIC Is holding my K325,000
Category: Business
HIGH COURT REJECTS
SUBORDINATE COURT LENIENCY, IMPOSES PRISON SENTENCES ON KAMONO DIRECTORS
HIGH COURT REJECTSSUBORDINATE COURT LENIENCY, IMPOSES PRISON SENTENCES ON KAMONO DIRECTORS Lusaka | June 24, 2026 – In a stunning judicial escalation that has sent shockwaves through Zambia’s financial sector, the Economic and Financial Crimes Division (EFCC) of the High Court has overturned the subordinate court decision and dismantled the earlier lenient outcome in the… Continue reading HIGH COURT REJECTS
SUBORDINATE COURT LENIENCY, IMPOSES PRISON SENTENCES ON KAMONO DIRECTORS
PEOPLE’S ECONOMICS: INDUSTRIALISATION IS HOW A COUNTRY STOPS BEGGING AND STARTS PRODUCING
PEOPLE’S ECONOMICS: INDUSTRIALISATION IS HOW A COUNTRY STOPS BEGGING AND STARTS PRODUCING Industrialisation simply means moving from only selling raw things to producing finished or semi-finished goods. At family level, it is the difference between a family that only sells maize and a family that buys a hammer mill, makes mealie meal, packages it, sells… Continue reading PEOPLE’S ECONOMICS: INDUSTRIALISATION IS HOW A COUNTRY STOPS BEGGING AND STARTS PRODUCING
Breadwinners should remember their resources are meant to uplift others too, says Sonny Zulu
Breadwinners should remember their resources are meant to uplift others too, says Sonny Zulu STANDARD Chartered Bank Zambia Chief Executive Officer and Director Sonny Zulu says the concept of “black tax” is real and that those in positions of privilege have a responsibility to support their extended families and communities. Speaking during an interview with… Continue reading Breadwinners should remember their resources are meant to uplift others too, says Sonny Zulu
WHY IS THE ZAMBIAN KWACHA SO STRONG AND STANDING AS THE WORLD’S STRONGEST CURRENCY AGAINST THE US DOLLAR? AN EXPLANATION FOR EVERYONE.
WHY IS THE ZAMBIAN KWACHA SO STRONG AND STANDING AS THE WORLD’S STRONGEST CURRENCY AGAINST THE US DOLLAR? AN EXPLANATION FOR EVERYONE. Lately, you might have heard exciting news about the Zambian Kwacha (ZMW) being one of the world’s best-performing currencies against the US Dollar. This is fantastic news for Zambia, and it’s natural to… Continue reading WHY IS THE ZAMBIAN KWACHA SO STRONG AND STANDING AS THE WORLD’S STRONGEST CURRENCY AGAINST THE US DOLLAR? AN EXPLANATION FOR EVERYONE.
ECONOMIST CALLS FOR CLOSE MONITORING OF ZAMBIA’S RISING DOMESTIC DEBT
ECONOMIST CALLS FOR CLOSE MONITORING OF ZAMBIA’S RISING DOMESTIC DEBT By Joseph Kaputula Economist Dr. Esther Banda says while Zambia is not currently facing an imminent domestic debt crisis, the country’s growing domestic debt burden requires close monitoring. Dr. Banda says continued growth in domestic borrowing at a pace faster than government revenue collection and… Continue reading ECONOMIST CALLS FOR CLOSE MONITORING OF ZAMBIA’S RISING DOMESTIC DEBT
CTPD COMMENDS GOVERNMENT OVER 97.85% EUROBOND BUYBACK PARTICIPATION
CTPD COMMENDS GOVERNMENT OVER 97.85% EUROBOND BUYBACK PARTICIPATION The Centre for Trade Policy and Development (CTPD) has welcomed the government’s successful execution of a Eurobond buyback exercise, which achieved a participation rate of 97.85%. Despite the strong outcome, CTPD noted that a comprehensive net present value assessment is still required to determine whether the transaction… Continue reading CTPD COMMENDS GOVERNMENT OVER 97.85% EUROBOND BUYBACK PARTICIPATION
DIGGING A HOLE TO COVER A HOLE: Buyback $1.36 billion Eurobond using a loan from the African Development Bank and domestic debt!
By Given Mutinta PRESIDENT HICHILEMA’S EUROBOND BUYBACK STRATEGY In 2025, Zambia undertook a significant restructuring of its foreign debt, extending payment obligations on its Eurobonds until 2053. Recently, however, the government has aimed to buy back a portion—$1.36 billion—of this restructured $3 billion Eurobond, seeking financing through a $600 million loan from the African Development… Continue reading DIGGING A HOLE TO COVER A HOLE: Buyback $1.36 billion Eurobond using a loan from the African Development Bank and domestic debt!
Beyond Copper: Unlocking Zambia’s Beef Export Potential
Beyond Copper: Unlocking Zambia’s Beef Export Potential The government’s recent move to establish the headquarters for the Zambia Beef Export Project in Chisamba District is a massive signal of intent for the nation’s agricultural sector. By positioning Central Province as the strategic hub for this initiative, the Ministry of Fisheries and Livestock is laying the… Continue reading Beyond Copper: Unlocking Zambia’s Beef Export Potential
Barrick to Sell Lumwana?
Barrick to Sell Lumwana? Barrick Mining, one of the world’s leading gold miners, is weighing a possible London listing for its African business, with a potential all-share transaction with UK-listed Endeavour Mining seen as one option under consideration, two sources familiar with the matter told Reuters. Barrick Gold Corporation’s operations and subsidiaries in Africa primarily… Continue reading Barrick to Sell Lumwana?