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Zambia
Top Stories
for the 08 Dec - 14 Dec
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President Hakainde Hichilema and US Assistant Secretary Caleb Orr agreed on a plan that could unlock major US grant support tied to mining-sector cooperation and business-environment reforms. The package, combined with a revamped MCC Compact and a five-year health partnership, aims to boost investment, job creation, and private-sector growth. Orr emphasized the Trump Administration’s push for a more transparent regulatory climate and a strengthened bilateral partnership.
Zambia has launched construction of a 100MW, US$90 million solar power plant in Chirundu through a ZESCO–JIGSCO partnership, marking a major push to expand renewable energy and improve national electricity security. The project will feed power into the grid, create hundreds of jobs, and form part of a wider 1,000MW solar pipeline. Officials say the initiative reflects the government’s commitment to a modern, diversified and climate-resilient energy sector.
Yango and the Zambian government are deepening collaboration to advance digital inclusion, women’s empowerment and technology-driven development. At the Women in Digital Gathering, Yango highlighted mobility, safety features and digital literacy as key enablers for women’s economic participation. A separate high-level dialogue with the Ministry of Technology and Science focused on innovation, AI-enabled services, cyber resilience and public–private partnerships. Yango leaders emphasized skills development, infrastructure and trust as foundations for an inclusive digital economy.
Dot Com Zambia PLC launched its IPO on the LuSE Alt-M, offering 1 million shares at ZMW12.30 to fund expansion in e-commerce and logistics. The offer, aimed at strengthening its capital base and supporting product innovation, was oversubscribed 114 times. Strong retail participation came from Zambian investors. The company’s 2024 revenue surged 147% to ZMW528.9 million, reflecting rising digital-commerce demand. The successful listing underscores growing investor appetite for tech-driven SMEs and deepening capital-market activity.
Commerce Minister Chipoka Mulenga has assured Zambians that cement prices and supply will normalise promptly following sharp increases and shortages. After President Hakainde Hichilema’s directive, the minister met with manufacturers and emphasized that domestic needs must outweigh exports. He announced guaranteed power supply for cement producers to stabilize production, while Dangote and other firms pledged cooperation. ZESCO also committed to resolving power issues affecting Ndola to prevent further disruptions.
Zesco has commissioned a 35-megawatt, $30 million solar plant in Chibombo as part of efforts to diversify Zambia’s energy mix and reduce dependence on hydropower. Officials said the new capacity will help stabilize supply amid recurrent load-management caused by drought-driven drops in water levels. Paired with ongoing transmission upgrades, the project reflects Zambia’s push for a more resilient, climate-aligned electricity system and signals further planned investments in solar and other renewable sources.