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Zambia Top Stories

for the 03 Nov - 09 Nov

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Power Shortage, Deeper Load-Shedding
1. Power Shortage, Deeper Load-Shedding

ZESCO has further reduced electricity supply for households to as little as two to three hours per day, citing severe pressure on domestic generation and limited access to regional power imports. The utility said the strain on the interconnected grid has forced unplanned adjustments to load-shedding schedules to protect the system. ZESCO pledged to stabilize supply and urged the public to report outages and support efforts to curb infrastructure vandalism.

AfDB Backs Zambia 20MW Solar Project
2. AfDB Backs Zambia 20MW Solar Project

The African Development Bank approved a $14.54 million financing package for the Garneton North 20-megawatt solar project in Zambia’s Copperbelt Province. The $24.5 million project will connect to the national grid under a 25-year power purchase agreement with Zesco. It is expected to supply clean electricity to 82,000 people and cut nearly 59,000 tons of CO₂ annually. It forms part of Zambia’s GETFiT program and Mission 300 push to expand renewable capacity and improve energy security.

Zambia Pays Farmers K3B
3. Zambia Pays Farmers K3B

The government has released K3 billion to clear Food Reserve Agency arrears for the 2025 marketing season. Verified farmers can expect to be paid by early next week. Agriculture Minister Reuben Mtolo Phiri said more than K2 billion has already been disbursed and the balance will be resolved through structured financing. FRA has bought over 1.6 million tonnes of maize after a bumper harvest. Officials say the payments will support rural liquidity ahead of planting.

ERB Cuts Fuel Prices for November
4. ERB Cuts Fuel Prices for November

Zambia’s Energy Regulation Board cut fuel prices for November 2025 after its monthly review. Petrol dropped to K30.26 per liter, diesel to K28.30, and kerosene to K27.17. The regulator said lower international refined fuel prices and a favorable kwacha exchange rate reduced import costs. It added that monthly reviews remain the standard tool for aligning domestic pump prices with global trends and pledged continued monitoring of market conditions.

Zambia Expands Trade With DRC
5. Zambia Expands Trade With DRC

Zambia advanced its trade ties with the Democratic Republic of Congo as the government supported the first shipment of 40 metric tonnes of beef to the DRC, part of efforts to diversify exports and grow regional trade. Officials emphasized the DRC’s role as a key partner, with Zambian exports exceeding $1.2 billion in 2024. At a trade mission launch, leaders urged businesses to deepen cooperation, pursue joint ventures, and use corridors like Lobito to expand market access.

Zambia, EU Lobito Forum
6. Zambia, EU Lobito Forum

Zambia and the European Union will host the EU–Zambia Lobito Corridor Business Forum in Lusaka to attract more than 300 businesses and investors. The event aims to mobilize grants, loans, and private capital for projects that expand trade, transport links, and value chains along the Lobito Corridor. Officials say the forum will promote investment in agriculture, energy, and mining while supporting economic diversification, renewable energy, and climate-smart development aligned with ESG standards.