The Board of Directors of the African Development Bank Group approved a loan of $108 million to Zambia for an initiative aimed at strengthening the country's economic governance and implement reforms in key public sectors.
The funds allow the implementation...
International bank BONI notes media coverage around the Company’s historical investment in Investrust Bank Plc (“Investrust”), a bank based in Zambia.
It has been widely reported and acknowledged by the Bank of Zambia, that regulatory delays meant BONI was never recognised...
Lobito rail project will break ground by early 2026, AFC CEO Zubairu says at Presidential forum
AFC commits up to US$500m in financing for Zambia-Lobito greenfield rail
AFC announces MOU with Kobold Metals as anchor client, guaranteeing at...
Paratus Botswana, a leading telecommunications and network services provider, has commenced work on lighting a new fiber route, the SADC Highway, that will connect Gaborone in Botswana, through Zimbabwe, to Livingstone in Zambia. The first section in Botswana, which...
Ivanhoe Mines, a Canadian mining company leading multiple high-impact projects in Southern Africa has announced a significant milestone at its Kamoa-Kakula Copper Complex, achieving a record monthly production of 45,019 tonnes of copper in November 2024.
The combined output from...
Undisclosed number of miners from Mopani Copper Mines, which is majority owned by United Arab Emirates' International Resources Holding, and at another Chinese mine who were trapped underground following a nationwide power outage have been rescued.
According to the country’s...
Zambia's government has reaffirmed its commitment to fostering a favourable investment climate in the mining sector, citing significant production increases as evidence of the success of its policies.
Following a recent visit by the Ministers of Finance and National Planning,...
Kibali, a gold mine in the Haut-Uele Province of the north-east of the Democratic Repulic of Congo (DRC) will soon benefit additional renewable energy as Barrick Gold Corporation, which operates the mine, is on track with a 16MW solar...
Zambia’s ongoing energy crisis presents a significant challenge to economic stability, impacting the productivity and viability of key sectors, including manufacturing, mining, agriculture, and commercial enterprises. Frequent power outages disrupt critical operations, reduce output, and hinder economic growth. Recognising...
Ivanhoe Mines has announced a milestone achievement at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC), with record copper production of 41,800 tonnes in October.
This production record, achieved through the complex's Phase 1, 2, and 3...