Zambia seeks stronger investment in mineral processing
President Hakainde Hichilema welcomes drop in inflation to 7.5%
MoMo Expands Kongola Marketplace with Konza Loans
ZIMEC 2026 to Spotlight Zambia’s Exploration Renaissance: Unpacking How Innovation, Policy, and Technology Are Shaping the Next Mineral Boom
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ZAMBIA’s Ambassador to Japan, Tobias Mulimbika, says Zambia is committed to value addition in the mining sector as a central pillar of the country’s economic transformation agenda.
Dr Mulimbika said Government is prioritising mineral processing and downstream manufacturing in order to promote industrialisation, create employment and enhance participation in regional and global value chains.
The Ambassador said this during a courtesy call by Ghazi Faisal Binzagr, Ambassador of the Kingdom of Saudi Arabia to Japan, at the Zambian Mission in Tokyo.
Ambassador Mulimbika highlighted Zambia’s strategic geographic position as a land-linked country bordered by eight nations and its membership in regional economic blocs, which provide access to a combined market of over 600 million people.
He underscored the importance of key infrastructure corridors, including the Nacala, Dar es Salaam and Beira corridors, in facilitating trade, strengthening supply chains and unlocking investment opportunities in mining, agriculture, energy and other productive sectors.
Dr Mulimbika further outlined Zambia’s utilisation of Public-Private Partnerships (PPPs) as an established model for delivering large-scale infrastructure projects under a clear legal and regulatory framework. He also expressed readiness to engage Saudi investors in identified bankable projects aligned with Zambia’s development priorities.
And Ambassador Binzagr reaffirmed Saudi Arabia’s interest in deepening cooperation with Zambia in sectors such as infrastructure, mining, agriculture, energy transition and health.
He emphasised the importance of optimising value chains to ensure mutual economic benefit, enhancing supply chain resilience and fostering transparent, credible and sustainable partnerships.
Ambassador Binzagr also highlighted opportunities in energy transition, including hydrogen development, and stressed the need for strategic alignment in long-term infrastructure planning.
This is according to a statement issued by First Secretary Press and Public Relations Faith Chilube at the Embassy of the Republic of Zambia in Tokyo, Japan.
(Mwebantu, Friday, 27th Februray, 2026)
President Hakainde Hichilema welcomes drop in inflation to 7.5%
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PRESIDENT Hakainde Hichilema has welcomed the decline in annual inflation from 9.4 percent recorded in January 2026 to 7.5 percent in February 2026.
The President said since assuming office, the New Dawn administration has reduced inflation from 22.8 percent in 2021 to 7.5 percent currently.
“Lower inflation benefits our nation. Since 2021, we have reduced it from 22.8% to 7.5% today. This progress means prices will begin to stabilise, though much work still lies ahead.
Our goal is to secure lasting prosperity for all citizens, because we love and care for them,” the President wrote on his official Facebook page.
The Zambia Statistics Agency (ZamStats) earlier announced a decline in annual inflation for February 2026, dropping from 9.4 percent recorded in January 2026 to 7.5 percent.
Acting Statistician General, Sheila Mudenda, said the development was attributed to price movements in both food and non-food items.
Ms Mudenda said annual food inflation for February 2026 was recorded at 8.2 percent, compared to 10.9 percent in January 2026.
“This means that, on average, prices of food items increased by 8.2 percent between February 2025 and February 2026. This was mainly attributed to price movements in food items such as cereals (breakfast mealie meal, roller mealie meal, maize grain, imported rice, and wheat plain household flour); fruits (lemons, bananas, watermelon, and avocados); vegetables (lumanda, cassava leaves, tomatoes, cucumber, sweet potatoes, and green pepper); fresh milk and cooking oil,” she said.
Ms Mudenda further said annual non-food inflation for February 2026 was recorded at 6.5 percent, compared to 7.3 percent in January 2026.
She said the outturn was mainly attributed to price movements in non-food items such as fuel (diesel and petrol); passenger transport by air (domestic and regional airfares); and the purchase of motor vehicles and accommodation services.
The acting statistician added that of the overall annual inflation rate of 7.5 percent, Lusaka Province accounted for the highest contribution at 2.5 percentage points, followed by Copperbelt Province at 1.4 percentage points.
“Central and Southern provinces contributed 0.8 and 0.7 percentage points, respectively, while Luapula and North-Western provinces recorded the lowest contributions, at 0.2 percentage points each,” she said.
(Mwebantu, Wednesday, 25th Februray, 2026)
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MTN Mobile Money Zambia has announced the addition of Konza Loans to its Kongola marketplace. This addition allows customers to access short-term credit using their MoMo wallet.
Kongola brings multiple lending partners together on one platform, giving customers the flexibility to choose a loan provider that best suits their needs. Through this marketplace model, MoMo users can request a loan, receive funds instantly into their MoMo wallet, and repay conveniently.
Konza Loans now joins the growing list of lending partners available on Kongola, which already includes Kasaka Loans, XtraCash Loans, Xpress Loans, Ka’Starta, and Zed-Fin Loans.
The service is accessible via USSD by dialling *115#, selecting Option 6 (Kongola & Savings), then Option 2 (Kongola), and choosing a preferred lending partner. Approved loans are disbursed instantly into the customer’s MoMo wallet, allowing customers to quickly manage urgent financial needs such as working capital, transport, school requirements, or day-to-day expenses.
Speaking on the expansion, Chief Executive Officer of MTN Mobile Money, Komba Malukutila, said the addition of Konza Loans strengthens MoMo’s role as a digital financial services platform.
“Kongola is designed to give customers choice and convenience,” said Malukutila. “By bringing multiple lenders onto one platform, customers are able to access collateral free credit quickly and safely using a service they already trust. The introduction of Konza Loans expands the options available and helps more customers find solutions that match their needs.”
The Kongola marketplace serves a wide range of customers, including small traders, informal workers, salaried employees and entrepreneurs across both urban and rural communities where access to traditional credit may be limited.
By integrating multiple lenders into Mobile Money, MoMo removes many of the barriers commonly associated with borrowing, such as paperwork, long approval processes and travel to physical branches. Customers can now apply, receive, and repay loans entirely from their mobile phones.
This development forms part of MTN MoMo’s broader strategy to build a comprehensive digital financial ecosystem that supports payments, savings, and access to credit, while advancing financial inclusion across Zambia.
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The 13th Zambia International Mining & Energy Conference & Exhibition (ZIMEC 2026), to be held on 25-26 March 2026 in Kitwe, Zambia, will zero in on one of the most vital conversations for Zambia’s mineral future: how to accelerate exploration and de-risk the hunt for new deposits through technology, partnerships, and smart policy.
Under the theme “Promoting Responsible Investment & Partnerships to Sustainably Grow Zambia’s Mining and Energy Sectors”, ZIMEC 2026 provides a strategic platform for government leaders, mining companies, investors, geoscientists, and development partners to explore how discovery – not just production – will sustain Zambia’s role as a critical minerals hub in the decades ahead.
Exploration: The Lifeblood of Zambia’s Mineral Future
A highlight of this year’s conference will be the Exploration Panel, titled: “Accelerating mineral discovery: De-risking exploration and leveraging technology to advance the search for minerals.” This session recognises that exploration is far more than just drilling but it’s the foundation of future investment, value creation, and long-term growth for Zambia’s mining sector.
Key topics to be addressed include:
What to Expect at the Session
Join Us at ZIMEC 2026
ZIMEC 2026 is not just a conference — it’s a catalyst for exploration-led growth. The exploration panel will be a strategic moment for all stakeholders to come together, share lessons, and commit to the future of Zambia’s mineral discovery journey.
Registration is now open for delegates, exhibitors, and sponsors. For more information, including programming and exhibition opportunities, please visit https://zimeczambia.com/ or contact Conference Producer, Babongile Zulu at [email protected]. Join the conversation on social media using the hashtag #ZIMEC.
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