Bumba Mulenga | Zambia Monitor

Economy

ZESCO says 29 power purchase agreements signed to diversify Zambia’s electricity generation mix

ZESCO Limited has reportedly signed power purchase agreements (PPAs) with 29 Independent Power Producers (IPPs) to diversify the country’s electricity generation mix and ...

By Bumba MulengaFebruary 18, 20250

Metro

UBA invests in peace in Africa, donates to AU’s peace fund

The United Bank for Africa (UBA) PLC has reportedly donated US$500,000 to the African Union (AU) Peace Fund, reaffirming its commitment to promoting ...

By Bumba MulengaFebruary 18, 20250

International

Nigerian banking stocks surge 12.24% as leaders raise over $662 million for capital boost

Nigerian banking stocks have experienced a significant surge since January 7, driven by several major lenders raising over ₦1 trillion ($662 million) from ...

By Bumba MulengaFebruary 18, 20250

Economy

Mines Contractors Association presses Mopani to expedite supplier certification process

The Mines Contractors and Suppliers Association (MCSA) has urged Mopani Copper Mines (MCM) to accelerate the registration and issuance of certificates to local ...

By Bumba MulengaFebruary 18, 20250

Economy

Bank of Zambia governor says cap on non-resident participation in govt securities hurting market

The Bank of Zambia (BoZ) has stated that limiting non-resident participation in the primary market for government securities to no more than five ...

By Bumba MulengaFebruary 18, 20250

ZM Index

Kwacha expected to stabilize as hard currency demand drops ahead of week’s trading activities

The Zambian Kwacha is expected to hold steady this week amid reduced demand for hard currency. This followed slight losses recorded against the ...

By Bumba MulengaFebruary 18, 20250

International

Detained Ugandan opposition politician, Besigye, returns to prison after health crisis reportedly triggered by hunger strike

Ugandan opposition figure, Kizza Besigye, who has been on hunger strike for a week, was rushed to a health clinic overnight after his ...

By Bumba MulengaFebruary 17, 20250

Tech

Techbytes: Meta confirms ‘Project Waterworth,’ a global subsea cable project spanning 50,000 kilometers (Techcrunch)

Meta, owner of Facebook, Instagram, and WhatsApp, has confirmed US$10 billion+ subsea cable project to connect up the globe which would connect five ...

By Bumba MulengaFebruary 16, 20250

Economy

Government owes $375 million as interest accruing on fuel procured on credit, Energy minister, Chikote says

Zambia’s fuel procurement debt has accumulated to US$375 million in interest over the years, according to Energy Minister, Makozo Chikote. At the time ...

By Bumba MulengaFebruary 16, 20250

Economy

SADC, COMESA regional leaders reaffirm support for Maimbo’s candidacy ahead of AfDB presidential elections

The Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA) have officially endorsed Zambia’s Samuel Munzele Maimbo ...

By Bumba MulengaFebruary 16, 20250

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