Local News

Sixth and final review by the International Monetary Fund (IMF) under the 38-month extended credit facility arrangement supporting the national reform agenda has been completed. The evaluation aimed at restoring macroeconomic stability, building economic resilience, and promoting sustainable and inclusive growth has shown economic strength amid external and domestic shocks. …

JOHANNESBURG—Africa’s lifting and materials-handling sector is preparing to spotlight its top performers as nominations officially open for the 2nd Southern African Lifting Awards. Following a successful inaugural event that established a new benchmark for the industry, the 2026 edition is scheduled to take place on 30 October at the Birchwood …

By: Nkosilathi Mudiyi Zambia’s mining sector is entering a period of aggressive expansion, with national copper production poised to breach the historic one-million-tonne threshold by the end of 2025. This surge follows a robust performance in 2024, where output climbed 12% to 820,676 tonnes, signalling a decisive recovery for the …

The World Bank has urged Zambia to implement a strategic overhaul of its mining sector through targeted investments and structural policy reforms to shift from being a raw material exporter to a resilient, inclusive industrial economy. In its latest analysis of mineral-rich nations, the World Bank Group asserts that the …

The acquisition of Zambian mining company Leopard Exploration and Mining (LEM), together with the historic Kabwe zinc mine, by Shuka Minerals has been completed, bringing a protracted transaction process to a close. The deal hands Shuka control of one of the world’s highest-grade zinc deposits, with historical grades reaching up …

First Quantum’s Kansanshi Mine has successfully hosted an intensive rope rescue and first aid training exercise for mine rescue teams from eight leading mining companies in Zambia, as part of its routine annual and quarterly emergency response training programme and in preparation for the 2026 International Mine Rescue Competition. The …

By DR. LUBINDA HAABAZOKA Zambia has quietly made economic history. By allowing mining companies to pay statutory taxes and royalties in Chinese currency, the Yuan (Renminbi), the country has become the first in Africa to take such a step. While the decision may appear technical, its implications are far-reaching for …

By: TRUST NDEBELE Jubilee has concluded execution of a co-operation and project development agreement with Galileo Resources for the implementation of an accelerated resource exploration program and the development of Molefe Mine. The agreement combines Jubilee’s established in-country operational and processing expertise with the exploration and geological expertise of Galileo. …

Zambia’s Finance and National Planning Minister, Dr. Situmbeko Musokotwane, has declared a strategic shift toward sustainable, investment-driven collaboration with the United States, aiming to reform the nation’s economy and end its dependency on foreign aid. Speaking in Lusaka during an engagement with visiting U.S. Assistant Secretary of State for Economic …

The CBI- electric Group is a member of Reunert (Pty) Ltd which is a leading South African company listed on the JSE in the industrial goods and services (electronic and electrical equipment) sectors .Reunet manages a number of businesses focused on electronics and electrical engineering and regularly runs among the …