ZCCM-IH earns US$110.6 million in royalties from Kansanshi
Bolabet Zambia Launches BolaXpress POS Voucher System to Make Deposits Easier for Customers
Treasury releases K14.5 billion to sustain public services and support social programmes.
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ZAMBIA Consolidated Copper Mines – Investments Holdings (ZCCM-IH) has earned US$110.64 million in royalty income from Kansanshi Mining between 2022 and 2024 following its decision to shift from a dividend-based return model to a revenue royalty arrangement.
In 2021, the company introduced the new structure, converting its dividend rights in the mine to what it termed a stable 3.1 percent gross revenue right, helping them move from relying solely on variable dividends.
This arrangement differs from the previous system in which returns were tied to dividends, which depend on the mine’s profitability, capital expenditure strategy, and board approval. Through the current arrangement, ZCCM-IH remains a 20% shareholder in Kansanshi Mining PLC, but receives more significant and more consistent revenues from the mining company.
Because the royalty is linked directly to revenue rather than net profit, it remains unaffected by operational costs or variations in profit margins.
ZCCM – IH has revealed in the second edition of its 2025 Mining Corner 360 publication that it earned US$17.66 million in royalties in 2022, US$38.48 million in 2023, and US$54.51 million in 2024, bringing the total royalty income over the three years to US$110.64 million.
“Our strategy pivot has delivered immediate and transformative financial results”, the publication read in part, “over the three-year period from 2022 to 2024, ZCCM – IH has secured a cumulative US$110.64 million. In royalty revenue from KMP [Kansanshi Mining Plc],”
The report indicates that the royalty, which is paid quarterly, is calculated based on the total sales revenue from all minerals extracted within the license area for the entire life of the mine, currently expected to run until 2045.
It is important to note that the royalty payments to ZCCM are separate and in addition to Kansanshi’s contributions to the government through taxes and mineral royalties.
(Mwebantu, Saturday, 14th March, 2026)
Bolabet Zambia Launches BolaXpress POS Voucher System to Make Deposits Easier for Customers
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Bolabet Zambia is pleased to announce the launch of BolaXpress, a new Point-of-Sale (POS) voucher system designed to make it easier and faster for customers to deposit funds into their Bolabet accounts.
The BolaXpress rollout begins this week, and customers are encouraged to look out for designated booths and mobile money stands branded with BolaXpress signage across various locations. Through the BolaXpress system, customers will now be able to top up their Bolabet accounts quickly and conveniently by simply purchasing a BolaXpress voucher from an authorised agent. The voucher can then be loaded directly into their Bolabet account, providing a smooth and secure deposit experience.
The initiative forms part of Bolabet’s ongoing commitment to improve accessibility and convenience for customers, especially in busy community areas and shopping locations.
How BolaXpress Works
Customers will be able to identify participating locations by BolaXpress-branded booths, POS agents wearing branded apparel, and visible “BolaXpress Available Here” signage. To support the launch, Bolabet will also conduct in-store activations, promotions, and giveaways, allowing customers to win instant prizes such as branded merchandise, free bets, promo codes, and other rewardswhen they deposit using BolaXpress during activation periods.
The rollout will initially begin with selected locations across Lusaka, with additional sites planned as the network expands. Customers are encouraged to visit www.bolabet.co.zm and follow Bolabet’s official social media platforms for updates on activation locations, promotions, and participating agents.
Important Notice:
Participation in all Bolabet services is strictly for individuals aged 18 years and above. Customers are encouraged to play responsibly.
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THE Ministry of Finance and National Planning released K14.5 billion, in February 2026, to support public service delivery, finance social protection and agricultural programs, meet debt obligations.
The money was also released to sustain government operations, and continue infrastructure implementation across the country.
Out of the total disbursement, K4.4 billion was allocated to the public service wage bill, K3.7 billion went to debt service and arrears dismantling K3.8 billion was directed to transfers, subsidies, and social benefits.
A K1.9 billion supported the implementation of government programs and general operations, while K737.1 million was released for capital expenditure.
A Ministry of Finance statement says these releases reflect the Government’s continued commitment to budget credibility through the orderly financing of approved priorities under the 2026 National Budget.
“They also demonstrate a deliberate effort to balance immediate service-delivery obligations with longer-term economic management objectives, including debt sustainability, multisectoral investment, job-creation, and the protection of vulnerable households,” the statement reads further.
It also states that the monthly release profile should therefore be understood as part of the broader annual budget execution process, not as a stand-alone measure of the Government’s full-year policy ambition or sector commitment.
“In line with the Government’s commitment to restoring and preserving debt sustainability, K3.7 billion was released toward debt service and other liabilities.
“Of this amount, K2.9 billion was for domestic debt service, K540.1 million was for external debt service, and K288.2 million was applied to dismantling domestic arrears”.
The ministry says that this development reflects continued progress in addressing legacy obligations while maintaining an orderly fiscal path.
“These payments should be read as part of Zambia’s wider debt management and restructuring efforts, whose purpose is to strengthen confidence, reduce fiscal pressures over time, and create more room for productive and social spending within a sustainable framework”.
The Treasury also released K3.8 billion for transfers, subsidies, and social benefits, reaffirming the Government’s commitment to maintaining social sector expenditure and targeted support to households and productive sectors.
Notable releases under this category included K2.1 billion for the Farmer Input Support Programme, K1.4 billion for the Social Cash Transfer, and K200 million for the Food Security Pack.
These allocations underscore a clear policy position, which is that, fiscal consolidation is not being pursued at the expense of social protection or food security.
Rather, the Government is seeking to combine discipline with targeted support in ways that protect livelihoods, strengthen resilience, and support inclusive growth.
Further, K1.9 billion was released for the implementation of various government programs and general operations under different institutions. .
On capital expenditure, the Treasury released K737.1 million, of which K537.8 million was directed to road infrastructure, while K199.3 million supported infrastructure development under various ministries across the country.
A total of K4.4 billion was spent on the Public Service Wage Bill, covering costs relating to public service workers, including health personnel, teachers, security personnel, and overseas allowances for Zambian diplomats serving in missions abroad.
This financing remains central to the continuity of Government operations and to the delivery of essential public services across the country.
Commenting on the development, Finance and National Planning Minister Dr. Situmbeko Musokotwane said:
“As Government, our objective is clear. To positively change the lives of Zambians through prudent and competent economic management”.
“Every credible budget release, every salary paid to frontline workers, every transfer made to vulnerable households, every kwacha directed toward agriculture, every debt obligation honoured, and every road project supported forms part of the broader effort to expand opportunity, strengthen resilience, and improve household welfare,” Dr Musokotwane said.
He said under President Hakainde Hichilema’s leadership, Government remains committed to an economic path that is disciplined in stewardship, clear in its priorities, and deliberate in its execution.
“As Zambia advances from stabilization toward stronger growth, job creation, and wider opportunity, monthly budget releases will continue to serve as an important instrument for sustaining service delivery, reinforcing reform credibility, and supporting a more inclusive development trajectory.” Dr Musokotwane said
(Mwebantu, Monday, 9th March, 2026)
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MTN Zambia and Starlink have entered a strategic partnership and are proud to announce that MTN Zambia is the first African operator to successfully complete field testing of Starlink’s Direct to Cell service. This involved the transmission of the first-ever data session and fintech transaction in the country through the use of MTN Zambia’sspectrum and Starlink’s satellite constellation. These milestones pave a path forward to commercial service in the coming weeks subject to regulatory approval.
This service will enable customers to gain access to data, voice and video through supported applications, even in the remotest of areas where currently terrestrial service is unavailable. This service will include WhatsApp voice and video calls, along with access to the MoMo App, MyMTN App, navigation and weather applications with more launching in the future.
Starlink Direct to Cell works with existing LTE/4G-compatible devices wherever there is a clear view of the sky, enabling seamless connectivity in some of the most remote locations. Starlink Direct to Cell satellites act like a cellphone tower in space with the most advanced phased array antennas in the world connecting seamlessly across the Starlink network over lasers to any point in the globe, enabling network integration similar to a standard roaming partner.
Starlink Direct to Cell satellite connectivity means MTN Zambia will expand coverage to the most remote areas, such as the game parks and rural areas surrounded by water bodies and rivers will be covered. We would like to acknowledge the unwavering support from the Ministry of Technology and Science and our regulator Zambia Information and Communication Technology Authority (ZICTA) for the guidance throughout this process.
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