Tag: Zambia

AfDB
BusinessHot News

Zambia shifts debt burden into energy investment with AfDB support

Zambia is using AfDB-backed debt relief to fund grid upgrades and strengthen long-term energy security.

Oluwatosin Alao Oluwatosin Alao
Zambia taps Chinese partner for 600-MW coal plant to boost power supply
BusinessGlobal News

Zambia taps Chinese partner for 600-MW coal plant to boost power supply

Zambia and a Chinese partner will build a 600-MW coal plant to tackle power shortages, support copper mining growth, and reduce reliance on hydropower.

Oluwatosin Alao Oluwatosin Alao
Eurobond
BusinessHot News

Zambia to buy back 2053 bond with $600 million AFDB loan

Zambia moves to repurchase $1.36bn 2053 eurobond using $600m AfDB loan to streamline debt and reopen global market access.

Timilehin Adejumobi Timilehin Adejumobi
KoBold Metals’ Quebec exploration site, part of its North American push into lithium and nickel critical minerals for global energy transition supply chains.
BusinessHot News

Bill Gates-backed firm breaks ground on $2.5bn Zambia copper mine after $50m Congo lithium bet

KoBold Metals starts Zambia’s $2.5 billion Mingomba copper mine after expanding into Congo lithium with a $50 million investment.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe, Zambia plan new Victoria Falls freight bridge to ease trade flows
BusinessTourism

Zimbabwe, Zambia back new Victoria Falls freight bridge to boost trade

Zimbabwe and Zambia have agreed to restrict heavy trucks and freight trains on the Victoria Falls Bridge, marking a policy shift aimed at easing pressure on one of Southern Africa’s busiest trade routes. The move underscores growing strain on aging infrastructure along the North-South Corridor, a key regional logistics artery.  Zambian President Hakainde Hichilema, speaking at an engineering conference in…

Oluwatosin Alao Oluwatosin Alao
Zimbabwe’s park fee increase targets better visitor experience
TourismBusiness

Zimbabwe park fee hike signals tourism upgrade

Zimbabwe is raising park entry fees at some of its most visited attractions, a move that signals a strategic pivot toward high-value tourism and stronger conservation funding. The fee increases, led by the Zimbabwe Parks and Wildlife Management Authority, take effect in 2026 and introduce value-added tax (VAT) across key tourism services.  The changes will be felt most sharply at…

Oluwatosin Alao Oluwatosin Alao