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Zambia Top Stories

for the 19 Jan - 25 Jan

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Zambia, Tanzania Secure Fuel Supply
1. Zambia, Tanzania Secure Fuel Supply

Zambia and Tanzania agreed on a monthly fuel vessel offloading schedule at Dar es Salaam. The agreement was expected to improve the reliability of Zambia’s petroleum supply. Under the arrangement, one vessel carrying over 100,000 tonnes was to be offloaded each month between the 15th and 25th. Officials said the framework would enhance logistics planning, reduce delays, and strengthen regional energy security.

Cobalt Price Surge Boosts Zambia
2. Cobalt Price Surge Boosts Zambia

A 130% rise in global cobalt prices created short-term economic opportunities for Zambia, economist Kelvin Chisanga said. Prices above US$56,200 per tonne were driven by supply constraints from policy actions in major producers. While long-term gains may be limited by evolving battery technologies, higher prices could boost mine profitability, exports, foreign exchange inflows, fiscal revenues, and support the kwacha. Higher demand may also strengthen the case for value addition and diversification.

Yango Data Shows Digital Uptake
3. Yango Data Shows Digital Uptake

Yango Zambia reported strong growth in digital mobility and delivery services between December 2024 and December 2025, reflecting rising urban demand for affordable transport and on-demand services. Economy rides dominated usage, while airport trips, food delivery, and cargo services expanded steadily. Data showed increased earning opportunities for drivers, strong consumer adoption of cost-efficient vehicles, and broader economic spillovers through logistics, small business support, and digital platform participation.

Copper Boom Lifts Zambia Markets
4. Copper Boom Lifts Zambia Markets

Rising copper prices propelled Zambia’s stock market and currency to top global rankings, boosting investor confidence. The Lusaka Securities Exchange benchmark gained about 17% in dollar terms this year, while the kwacha is up nearly 12%, the strongest worldwide. Improved energy supply, agricultural recovery and record copper prices support IMF forecasts of faster economic growth, reinforcing Zambia’s appeal amid renewed interest in African assets.

Zambia–China Trade Hub Launched
5. Zambia–China Trade Hub Launched

Zambia launched a China–SCO Economic and Trade Exchange Center platform in Guangzhou to deepen investment and trade ties with China and SCO member states. Backed by a 2025 cooperation agreement, the initiative will aim to convert diplomatic engagement into commercial projects, focusing on industrialization, value addition and infrastructure. The move aligned with Zambia’s broader strategy to attract Chinese investment and expanded flexible financial cooperation.

Zambia Nears Fertilizer Independence
6. Zambia Nears Fertilizer Independence

Zambia was close to achieving fertilizer self-sufficiency after years of heavy reliance on imports. Targeted investment, led by support from the African Development Bank, revitalized Nitrogen Chemicals of Zambia and expanded national production capacity more than sixfold since 2022. Additional reforms strengthened soil research, extension services, and agricultural finance, helping lower costs, improve yields, and reduce vulnerability to global supply disruptions.