Fuel & forex squeeze in the region: A Malawian fuel crisis is being blamed on forex shortages, depleted supplier credit and thin strategic reserves, with critics arguing the government is recycling old “supply chain shock” excuses while neighbours like Zambia still have fuel. Food security push: President Hakainde Hichilema urged chiefs to sensitise households to keep enough maize ahead of El Niño drought fears, advising storage in granaries and warning against complacency. Lusaka sanitation vs livelihoods: Lusaka City Council and police moved to clear street vending areas amid a cholera outbreak, but the enforcement fight is raising concerns about where thousands of traders will go. Corruption crackdown: The ACC arrested a Ministry of Community Development officer and a ZANIS news editor over alleged concealment of properties worth over K5.6m suspected to be proceeds of crime. Education leadership pressure: ZANEC urged the President to urgently appoint a Minister of Education, saying the sector is central to economic growth. Industrial productivity warning: Government says over 70% of industries are unproductive, with productivity currently at 26.3%, as it pushes a 24/7 economy mindset. Telecoms & consumer focus: MTN Zambia appointed Joshua Sichinga as Chief Consumer Officer, while MTN’s IHS tower acquisition cleared key regulatory hurdles in Africa. Trade corridor momentum: Dar es Salaam transit cargo rose 17% to 14.61m tonnes, with Zambia handling 3.41m tonnes, underscoring the logistics race for Central and Southern Africa. Lobito Corridor meeting in Lusaka: Zambia will host the second Lobito Corridor coordination talks on Oct 5–6 to strengthen cross-border implementation with Angola, DRC and partners. Regulatory & governance debate: Calls are growing around Zambia’s constitutional reforms, including a push from Western Province to petition Parliament on presidential term limits.
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IMF Timing: Kenya is unlikely to sign a new IMF deal before the August 2027 elections, with the fund expected to wait out election cycles to protect policy continuity. Zambia Politics & Governance: A Western Province pressure group, Project 2090, plans to petition Parliament to remove the presidential two-term limit, arguing consistency with other proposed term-limit changes. Grow Zambia Agenda Push: President Hakainde Hichilema urged unity, discipline and hard work as the Grow Zambia Agenda rolls out, linking it to power generation and beef export targets. Anti-Corruption Crackdown: The ACC arrested a Ministry of Community Development officer and a ZANIS news editor over alleged possession and concealment of properties worth over K5.6m. Lusaka Street Trade & Health: Lusaka City Council enforcement to clear street vending is underway amid cholera concerns, with vendors and livelihoods at the centre of the political fight. Maize Marketing Row: UPND disowns George Mtonga’s comments on maize marketing, insisting FRA will provide official updates and farmers should rely on government channels. Investment Pipeline: Zambia targets over US$5bn in deals at the Invest-Zambia International Conference in December, aiming to turn investor interest into signed projects and jobs.
Anti-Corruption Crackdown: The ACC arrested a senior Ministry of Community Development and Social Services officer and a ZANIS editor over alleged possession and concealment of properties worth over K5.6m suspected to be proceeds of crime. Church vs State: Movement for Economic Emancipation president Given Chansa urged the State to drop the Archbishop Alick Banda case, saying prosecution may not serve the public interest, as regional Catholic bishops back Banda and call for a fair, transparent process. Cybercrime Push: China is deepening law-enforcement cooperation with African governments, launching an alliance targeting cross-border telecoms and cyber fraud. Food Security Warning: Malawi faces worsening food insecurity as El Niño threatens rainfall, with households struggling more from low incomes than lack of food. Lusaka Street Trade Clampdown: Lusaka City Council and police removed street vendors from undesignated areas, with volunteers cleaning the CBD after enforcement actions. Grow Zambia Agenda in Focus: Government challenged Zamtel to turn connectivity into digital services with economic value, while President Hichilema urged Parliament to enact laws supporting the Grow Zambia Agenda and job creation. Investment Pipeline: Zambia targets over US$5bn in deals at Invest-Zambia International Conference in December, as it seeks to convert investor interest into signed projects. Fuel and Cost Pressure: ERB announced fuel price increases, with commentary pointing to the end of earlier tax relief and broader global price and exchange-rate pressures.
Tourism Push: Government targets five million tourists, positioning culture and tourism as engines for inclusive growth, with the message delivered during Lusaka’s Diplomatic Funfair. Maize Market Row: UPND disowns George Mtonga’s comments on maize marketing, urging farmers to rely on official Food Reserve Agency updates and insisting government will keep supporting market access. Lusaka Street Trade: UPND backs Lusaka City Council’s plan to relocate street vendors from undesignated areas, citing enough market space and warning that street trading undermines revenue. Digital Economy Drive: Government urges Zamtel to align with the Grow Zambia Agenda by turning connectivity into affordable digital services, including upgrades to the MyZamtel app and Zamtel Money. Fuel Costs Watch: ERB says monthly fuel pricing continues under the statutory framework as petrol and diesel rise again, with surtax/excise lapsing and VAT expected to return in December. Investment Pipeline: Zambia targets over US$5bn in deals at the Invest-Zambia International Conference in December, while the UK pledges to find British investors for Grow Zambia. Banking & Defence Partnership: Access Bank eyes deeper partnership with the Zambia Air Force beyond rugby sponsorship, citing its role in managing salary and operational accounts. Health & Malaria: Government hails K918m Dr Agarwal’s Eye Hospital expansion, and Kabompo receives 46,140 insecticide-treated nets for the End Malaria campaign. Regional Power Reliability: ZESCO moves a 1MVA backup generator from Heroes Stadium to Levy Mwanawasa Stadium after a power disturbance during the Zambia–Togo AFCON qualifier.
Invest-Zambia/IZIC Push: Zambia’s ZDA targets over US$5bn in new deals at the Invest-Zambia International Conference in Lusaka (Dec 9-11), aiming to turn investor interest into signed projects that create jobs and lift livelihoods. UK Investment Drive: President Hakainde Hichilema urged the UK to scale up investment under the Grow Zambia Agenda, pointing to clean energy, agriculture and mining as priority areas. Fuel Cost Shock & ERB Guidance: Fuel prices jump again—petrol up to K31.46 and diesel to K33.27—while ERB says monthly reviews remain cost-reflective and that taxes/levies returning after earlier relief are part of the picture. IMF/World Bank Outlook: Zambia is in talks with the IMF on a successor programme focused on growth and jobs, while the World Bank says Zambia may qualify for loans next year depending on macro performance. UAE Deals & Local Content Pressure: Zambia signed MoUs worth about US$2.14bn with UAE investors, including a medical city, and the President told Gulf firms to comply with local procurement rules as copper output targets rise. Telecoms to Deliver Value: Government challenged telecoms to move from connectivity to digital services with real economic use, as MTN Zambia appoints Joshua Sichinga as Chief Consumer Officer. ZESCO Reliability Move: ZESCO relocated a backup generator from Heroes Stadium to Levy Mwanawasa Stadium to reduce event-related power interruptions. Environment Governance: Government dissolved the ZEMA board, saying a new board will be announced within two weeks.
Fuel Pricing Watch: Zambia’s Energy Regulation Board says monthly fuel price reviews remain anchored on the statutory cycle, with quarterly pricing still under discussion; it also notes diesel stocks at about 19 days and petrol at 17 days, while surtax/excise duty and VAT timelines shape the cost picture. Local Content Push: President Hakainde Hichilema tells Gulf investors to comply with Zambia’s local procurement rules and urges Mopani to ramp up output as the country targets 3 million tonnes of copper by 2030, alongside signing UAE MoUs worth US$2.14bn. IMF & Growth Agenda: Zambia begins talks with the IMF on a successor programme focused on growth and jobs, while Hichilema calls on Parliamentarians to back the Grow Zambia Agenda through enabling laws. Energy & Environment Governance: Government dissolves the ZEMA board and says a new board will be announced soon; separately, it says it is transforming fisheries and aquaculture, with production rising to over 100,000 metric tonnes in 2025. Digital & Telecoms: Zamtel launches the MyZamtel Super App plus new USSD access for digital financial services, and MTN Zambia appoints Joshua Sichinga as Chief Consumer Officer. Business & Trade Corridors: Lusaka hosts high-level Lobito Corridor talks with the World Bank to turn the route into an integrated economic corridor attracting private capital. Agriculture Risk Management: ZSIC urges farmers to insure crops against climate shocks, citing payouts under the Grain for Premium programme. Sports Business: Football fans get online ticket discounts for Malawi Scorchers’ Olympic qualifier, while Zambia’s regional padel and other sports developments underline growing commercialisation across the region.
IMF Talks: Zambia says an IMF mission is in Lusaka to negotiate a successor programme after the $1.7bn arrangement expired, aiming to protect fiscal and debt sustainability while pushing private-sector-led growth, exports and jobs. Monetary Policy: The Bank of Zambia cut the Monetary Policy Rate by 250 basis points to 10.75%, with the Economics Association of Zambia saying easing inflation risks could help stabilise the exchange rate and financial system. Energy & Environment: ZEMA approved a 350MW wind project in Katete (Unika I & II), part of efforts to diversify away from hydropower. Banking Credit: ZICB received an ‘A’ credit rating from Premier Rating Services, reinforcing confidence in its governance and ability to meet obligations. Infrastructure & Trade: Works on the Lumwana–Kambimba border road are underway under a PPP, expected to boost trade with the DRC and create jobs. UAE Investment Push: President Hichilema returned from the UAE with investment pledges reported at over US$2.1bn, tied to the Grow Zambia Agenda and calls for private-sector partnership. Church & Rule of Law: African bishops expressed solidarity with arrested Lusaka Archbishop Alick Banda, charged by the Drug Enforcement Commission over a Toyota Hilux allegedly linked to the Zambia Revenue Authority.
Monetary Policy: Bank of Zambia cut the Monetary Policy Rate by 2.5 percentage points to 10.75%, citing easing inflation and a better outlook, with reserves at about US$6.0bn as of July. Fuel Costs: With tax relief ending, ERB raised October pump prices—petrol to K31.46 and diesel to K33.27—blaming higher global prices, kwacha depreciation and restored excise duty. IMF Talks: Government has started discussions with an IMF mission on a successor programme to the Extended Credit Facility, aiming to protect macro stability while pushing investment, exports, diversification and jobs. UAE Deal Push: President Hichilema wrapped up a UAE visit after talks on fuel price stability, faster government services and private-sector investment, with agreements worth about US$2.4bn. Energy Projects: United Capital Fertilizer plans to expand urea output to 600,000 tonnes and add ammonium nitrate capacity; Arc Power says it will build a 10MW solar plant in Chinsali. Digital Inclusion: MTN Zambia launched sign-language interpreter videos at a service centre, to improve access for customers with hearing impairments. Street Trade Pressure: Lusaka City Council cleared vendors from key roads, but ZIA warns informal traders (250,000–350,000) far outnumber market spaces.
Monetary Policy: The Bank of Zambia cut the Monetary Policy Rate by 250 basis points to 10.75%, citing easing inflation and an improved outlook, with the aim of lowering borrowing costs and supporting growth. IMF Talks: Zambia has opened talks with an IMF mission on a successor programme to the Extended Credit Facility, targeting stability plus more focus on investment, exports and jobs, with discussions running until October 10. Energy & Power: Zambia is pushing for more alternative energy as El Niño risks threaten hydropower, while Maamba Solar begins feeding 100MW into the national grid and private solar expansion continues. UAE Investment Drive: President Hichilema secured UAE agreements worth about US$2.4bn, including a US$2bn Medical City in Lusaka, plus deals on logistics and technology, alongside talks on digitalisation and fuel price stability. Agribusiness Finance: Indo Zambia Bank says its agriculture portfolio has reached about K3.3bn, with nearly K400m disbursed to over 3,600 farmers, and more funding planned for soybeans and wheat. Governance & Rule of Law: Church bodies renewed calls for independent probes and due process after the 2026 election period, while Archbishop Alick Banda was released on bail after a night in jail. Mining & Markets: First Quantum provided an update on Cobre Panamá, and Gemfields’ first-half 2026 results showed widening losses amid operational challenges.
IMF Talks: Zambia has started discussions with an IMF mission on a successor Extended Credit Facility programme, aimed at protecting debt sustainability while boosting investment, exports, diversification and jobs, with talks running to 10 October and covering the 2027 budget and 2027-2029 Medium-Term Budget Plan. UAE Investment Push: President Hakainde Hichilema’s Abu Dhabi trip delivered MoUs worth about US$2.14bn, including a US$2bn Lusaka Medical City deal meant to position Zambia as a regional health tourism hub, plus other agreements across sectors. Inflation & Growth Narrative: Speaking at the Zambia-UAE Business Forum, Hichilema linked falling inflation during the election period to government discipline, citing a drop to 6.1% in September, and said the focus now shifts to the Grow Zambia Agenda. Energy & Power Supply: Maamba Solar has begun evacuating 100MW into the ZESCO grid as part of efforts to diversify Zambia’s power mix and support mining. Mining & Accountability: ZCCM-IH accuses Abu Dhabi’s IRH of breaching Mopani agreements, raising concerns over financial and operational performance. Business Support: Government disbursed over K16m to 47 MSMEs to help them scale production and tap markets along the Lobito Corridor. Exploration Funding: Tertiary Minerals secured £1m to fund deeper drilling at its Mushima North silver-copper project in Zambia.
Zambia-UAE Investment Push: President Hakainde Hichilema witnessed MoUs worth US$2.14 billion at the Zambia–UAE Business Forum in Abu Dhabi, with talks also pointing to a future Comprehensive Partnership Agreement to boost trade and investment under the Grow Zambia Agenda. Health Tourism Deal: Government signed an MoU for a US$2 billion Medical City in Lusaka’s Airport City, targeting specialist care and training to turn Zambia into a southern Africa health tourism hub. SME Support for the Lobito Corridor: The state disbursed over K16 million to 47 MSMEs with grants and machinery to raise production and help firms supply Angola and the DRC. Power for Copper Ambition: Hichilema said Zambia needs about 8,000MW to produce 3 million tonnes of copper annually, highlighting long-term power purchase deals and new energy investment opportunities. Fuel Market Competition Delayed: Zambia pushed back the return of open access to the Tazama fuel pipeline until January, extending the transition to competition. Governance & Compliance: Government suspended 2026 CDF loan empowerment after a 35% repayment rate, redirecting funds to recover outstanding balances. Education Expansion: Zimba District opened Africa Wesleyan University College, aiming for a first intake in January 2027. Legal/Politics: Lumezi South UPND candidate seeks nullification or a recount over alleged election irregularities. Church Case: Archbishop Alick Banda was arrested over a Toyota Hilux linked to the Zambia Revenue Authority, then released on bail.
Copper & Mining Dispute: ZCCM-IH has accused Abu Dhabi investor IRH of breaching Mopani Copper Mines agreements, citing shortfalls in equity funding, project spending, and 2025 output targets—raising uncertainty over one of Zambia’s key copper assets. Local Content Push: President Hakainde Hichilema, in Abu Dhabi, pressed Mopani and mining firms to fully implement the Local Content Law and unlock more copper to support the 3 million tonnes target under the Grow Zambia Agenda. Health Deal Update: Zambia is set to sign a revamped US$1.5bn health assistance pact with the US after Washington dropped clauses linking funding to Zambian health data access and copper/critical minerals preferences. Energy Access: REA and UNHCR renewed an MoU to expand electricity to refugee settlements and host communities in Meheba, Mayukwayukwa and Mantapala. Fuel Supply Reform: OMCZ wants TAZAMA Open Access restructured so local oil marketing companies benefit when operations resume in January 2027. Local Governance & Compliance: Lusaka’s street vending ultimatum ends today, while Speaker Nelly Mutti urged MPs to answer calls; MPs who don’t should be reported. CDF Loans Frozen: Government suspended the 2026 CDF loan empowerment component after borrowers repaid only 35%. Climate Resilience Funding: Zambezi Basin states agreed priority interventions for a proposed US$130m regional climate-resilience programme.
Energy & Infrastructure: Government says construction of the new 710-km Tanzania–Zambia fuel pipeline is set to start by October 2027 under a public-private partnership, with the $2.2bn project expected to run 18–24 months and cut reliance on road diesel supply. Power Investment: Exergy and Mercuria signed a US$250m financing deal in Lusaka to fund generation and transmission projects through Lunzua Power and Lusitu Transmission and Distribution, subject to approvals. Economic Outlook: Finance Ministry targets average 7% growth over the next three years (6.0% in 2027, 7.5% in 2028, 7.1% in 2029) as it pushes for a new IMF programme and investment-led expansion. Tax Compliance: ZRA urged landlords to declare rental income, citing low registration for withholding tax—only 32,719 of about 600,000 rented dwellings were registered. Capital Markets: Lusaka Stock Exchange ended the week softer as price movement was muted, though turnover jumped to ZMW 78.56m, driven mainly by CEC. Trade & Diplomacy: Zambia’s Abu Dhabi push continues under the Grow Zambia Agenda, with Zambia-UAE trade data showing a large $1.2bn gap largely linked to gold. Business Finance: FNB Zambia launched up to K1.5m vacant land loans in Luanshya, aiming to spur housing and SME activity. Governance & Justice: DEC formally charged and arrested Archbishop Alick Banda over a Toyota Hilux allegedly unlawfully obtained from ZRA, with bail granted pending trial.
Energy & Investment: Exergy and Mercuria signed a US$250 million financing deal in Lusaka to fund generation and transmission projects, including Lunzua Power Company and Lusitu Transmission and Distribution Company, pending regulatory approvals. Macroeconomy: Zambia targets average growth of 7% over 2027–2029 as the 2027–2029 Medium Term Budget Plan shifts policy from stabilization to expansion; recent NDCC updates cite 7.2% Q2 growth and inflation easing to 6.1% in September. Inflation & Cost of Living: Finance Minister Situmbeko Musokotwane said falling inflation is helping arrest cost pressures. Power Supply: Maamba Solar injected 100MW into the national grid, reinforcing Zambia’s move to diversify beyond hydropower amid El Niño-linked water stress. Trade & Revenue: ZRA secured a conviction of Avocado Mining Limited for attempted smuggling and seized two Land Cruisers, while a separate analysis flags large Zambia–UAE mirror-trade gaps that need explanation. Policy & Growth Agenda: President Hakainde Hichilema departed for a two-day UAE visit focused on investment, value addition and MoUs under the Grow Zambia Agenda. Governance & Stability: Hichilema told the UNGA Zambia is “not at war” and is open for partnership, with Veep Mutale Nalumango urging chiefs to promote peace and unity.
Zambia–UAE Investment Push: President Hakainde Hichilema has departed for a two-day working visit to Abu Dhabi to deepen trade and investment under the Grow Zambia Agenda, with talks expected to end in MoUs across mining, agriculture, energy, infrastructure, transport, tourism and healthcare. Trade Data Scrutiny: A commentary flags a big “mirror trade” gap in 2024 figures between Zambia’s reported exports to the UAE and the UAE’s recorded imports—especially in gold and gemstones—urging reconciliation before jumping to conclusions. Economic Outlook & Budget Shift: Government says Zambia targets average 7% growth for 2027–2029 as the 2027–2029 Medium Term Budget Plan green paper moves policy from stabilization to expansion, citing lower inflation and stronger reserves. Energy Security Move: Maamba Solar has injected 100MW into the national grid as El Niño threatens hydropower, supporting diversification and resilience. Electricity Tariffs Debate: UPND’s George Mtonga argues ZESCO must charge closer to actual power costs, warning that delayed tariff reforms are driving losses and debt. Local Business & Jobs: Northern Province is being urged to attract more private investment to unlock tourism, while NAPSA promotes a supplementary savings product for both formal and informal workers. Governance & Peace Messaging: At UNGA81, Hichilema and VP Mutale Nalumango reiterated that Zambia is at peace and called for unity and stability to protect development gains. Tax Enforcement: ZRA secured a conviction of Avocado Mining Limited for attempted smuggling and seized two Land Cruisers over customs misclassification.
Energy Security & Investment: Maamba Solar has injected 100MW into Zambia’s national grid, with commissioning underway as El Niño threatens hydropower; the US$90m project is a ZCCM-IH/Nava JV, strengthening the grid and the Grow Zambia agenda. Power Market Reform: Zambia says it will resume open access on the Tazama fuel pipeline in January, after earlier emergency arrangements and IMF pressure delayed a return to competition. Fiscal Planning: Cabinet approved the 2027–2029 Medium Term Budget Plan Green Paper, projecting average 6% growth while warning El Niño drought could squeeze fiscal space, prompting stronger buffers and mitigation steps. Debt & Growth Signals: Zambia’s external debt reportedly fell 5% to US$15.36bn in H1 2026, while officials reiterate export-led growth as the path to poverty reduction. Regional Energy Strategy: A renewed push for shared power planning with neighbours highlights how deliverability and cross-border coordination matter for stability. Business & Tech: Sparc Systems was named ICT Company of the Year at TICON Africa 2026, underscoring Zambia’s growing digital services ecosystem. Governance & Risk: President Hichilema warned against social media narratives that could scare investors, insisting there is “no crisis” after the election. Sports Economy: Chipolopolo begin recovery after a 3–1 Algeria loss and host Togo next, with qualification hopes hinging on home results.
Energy Investment: Mercuria and Exergy signed a US$250m financing deal to boost electricity generation and transmission across Southern and Eastern Africa, with Zambia positioned as a key entry point through Exergy’s Lunzua Power and Lusitu Transmission and Distribution. Power Supply: ZCCM-IH says the 100MW Maamba Solar Project has fed power into the national grid for the first time and is now in commissioning, supporting Zambia’s energy security and the Grow Zambia agenda. Budget Planning: Cabinet approved the 2027–2029 Green Paper for the Medium Term Budget Plan, projecting average 6% growth and flagging El Niño drought risks, with government set to strengthen fiscal buffers and revenue mobilisation. Public Finance: Zambia’s external debt stock fell 5% to US$15.36bn as of June 2026, while the kwacha strengthened in Q2. ICT Recognition: Sparc Systems Limited was crowned ICT Company of the Year at the TICON Africa 2026 Excellence Awards, underlining Zambia’s growing digital services ecosystem. Governance & Business Climate: President Hichilema warned against social media narratives that could scare off investors, insisting there is “no crisis” after the elections. Anti-Corruption: A Chirundu police officer was jailed for corruption after being convicted for soliciting a K800 bribe.
Energy & Industry: ZCCM-IH says the 100MW Maamba Solar Project has entered commissioning, with power injected into Zambia’s national grid for the first time on September 24, under a 20-year PPA with ZESCO. Public Finance: Zambia’s external debt stock fell 5% to $15.36bn as of June 2026, while the kwacha strengthened and the Ministry urged growth above 6% to cut poverty. Sports & Business: Zambia Police unveiled new kits for Nkwazi FC, Nkwazi Queens and Nkwazi Rugby, highlighting corporate and community partnerships as sport turns more commercial. Football Media Rights: ZNBC confirmed it will not broadcast Zambia’s away AFCON qualifiers due to missing rights, but will air home games and seeks sponsors. Investment & Markets: Zambia is set to be included in J.P. Morgan’s GBI-EM Edge index, a move tied to growing demand for domestic bonds and efforts to deepen the local market. SME/Finance Partnerships: Sterling Financial Holdings has started a share capital reconstruction in Nigeria, consolidating shares to improve capital efficiency. Education Policy: ZANEC welcomed higher 2026 budget allocation to early childhood education, urging stronger implementation and accountability. Diplomacy & Investor Climate: President Hichilema dismissed “crisis” talk on social media, warning posts could scare off investors.
Pact for the Future: African leaders are reviewing progress on the 2024 Pact for the Future, with Namibia and Zambia among those pushing youth empowerment, digital transformation and development financing as immediate priorities. Zambia–US ties: Zambia and the United States reaffirmed a deeper strategic partnership at UNGA81, focusing on health, investment, critical minerals and border transparency under the Grow Zambia Agenda. Energy investment: Nava has commissioned a 100MW solar project in Zambia, marking its entry into utility-scale renewables and a diversification push alongside mining and power. Economy headline: Zambia’s President Hakainde Hichilema said he skipped UNGA again to cut delegation costs, pointing to easing inflation and 7.2% Q2 growth as signs of momentum. Broadcast rights: ZNBC confirmed it will not air Zambia’s away AFCON 2027 qualifiers due to missing rights, while home matches will be covered. Mining efficiency: First Quantum highlighted trolley-assist technology that can cut diesel use by up to 90%, supporting safer, lower-emission pit electrification. SME finance: Access Bank and the International Trade Centre plan to expand SME financing across 14 African countries, including Zambia. Sports-business link: Nkwazi FC unveiled a new kit and team bus as it prepares for the 2026 transition league, with fundraising plans tied to replica jersey sales.
US–Zambia Deal: Zambia and the United States reaffirmed and deepened their strategic partnership on health, investment, critical minerals and border transparency during UNGA81 talks in New York. Economic Outlook: ZAMSTATS says Zambia’s economy grew 7.2% in Q2 2026, with growth supported by information and communication, agriculture, construction, mining and manufacturing. Energy & Renewables: Nava Limited commissioned a 100MW solar plant in Zambia through Maamba Solar Energy, with power evacuation started under a 20-year PPA with ZESCO. Mining & Value Addition: Zambia was selected for a UN mechanism to help resource-rich developing countries build critical energy transition mineral value chains, targeting more local processing and jobs. Business & Investment: Kenyan business leaders are set to engage at a Zambia-hosted golf and investment summit aimed at opening partnerships across sectors like energy, mining, agribusiness and tourism. Governance & Elections: The IEC ordered a three-level audit of the voters’ roll and election technology ahead of the 2028 National Assembly elections. Corporate Finance: Gemfields expects its interim net loss to widen to about $73m, though recoveries are improving. Climate Risk: El Niño heat is projected to cause major fatalities in the region, with a study flagging deaths in neighbouring countries including Zambia.
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