Business

The International Monetary Fund (IMF) has announced that progress on Zambia’s economic reform program supported by the IMF’s Extended Credit Facility has been strong, despite repeated external shocks. According to the Fund, since the program was approved in August 2022 and augmented in 2024, it has provided critical support—both financial …

Forget your sleepy Sunday afternoons; there’s a mining buzz brewing in Zambia that’s got investors’ pulses racing. AIM-listed Xtract Resources has struck a rich vein of copper at its Silverking project, and the latest drilling results are nothing short of electrifying.  According to Xtract’s no-nonsense chairperson, Colin Bird, a fresh …

Condition monitoring specialist company, WearCheck, examines a very special class of additives that is gaining importance as the technical demands placed on lubricants continue to grow at an ever-increasing rate – Viscosity Index Improvers (VIIs). What are they? Polymers and copolymers of methacrylates, butadiene olefins and alkylated styrenes.   What …

GoviEx Uranium, listed on the Toronto Stock Exchange, has submitted a draft Environmental and Social Impact Assessment (ESIA) to the Zambian Environmental Management Agency (ZEMA), marking a key milestone in advancing its Muntanga uranium project from feasibility into execution. The draft is now with ZEMA; the agency will examine the …

Johannesburg: The race for Africa’s rich copper belt has intensified with global mining heavyweight First Quantum Minerals (FQM) making a significant strategic move, injecting US$15.2 million into Australian-based explorer Prospect Resources. In return for this cornerstone investment, FQM will secure a substantial 15% shareholding in Prospect, a move that promises …

The 2025 edition of the Africa CEO Forum will gather 2,000 CEOs, investors and public sector leaders from over 75 countries in Abidjan from May 12 – 13. In a challenging global economic backdrop marked by rising protectionism, reduced development aid and high debt-serving costs, the Forum will tackle the …

This morning, Swakop Uranium (Pty) Executive President, Mr. Irvine Simataa, along with two officials, paid a courtesy call on Ministry of  Mines and Minerals Development Permanent Secretary, Dr. Hapenga Kabeta. The discussion centered on a potential partnership to develop high-potential uranium projects in Zambia. Swakop Uranium, a Namibian mining company …

Zambia is taking bold steps to confirm its status as a worldwide copper powerhouse by starting important projects to increase exploration and output. Aiming to produce 3.1 million tons of copper yearly by 2031, the nation is strategically trying to draw investors, simplify licensing, and open up fresh mining possibilities. …

With anticipation mounting, preparations are in full swing for the 4th Land-Linked Zambia Conference, set to transform Lusaka into a nexus of regional trade and infrastructure dialogue. The event, scheduled for April 10-11, 2025, at the Ciêla Resort, has garnered unprecedented interest, drawing delegates from across Africa and beyond. Under …

The once-vital Tanzania-Zambia Railway Authority (TAZARA) is poised for a dramatic transformation, courtesy of a landmark $1.4 billion investment from China Civil Engineering Construction Corporation (CCECC). The ambitious plan, unveiled at the Zambia International Mining and Energy Conference (ZIMEC) in Kitwe, promises to breathe new life into the aging rail …