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THE Bank of Zambia (BoZ) has called on individuals and companies dealing in cryptocurrency or other virtual assets, such as buying, selling, exchanging or managing crypto, to officially register with the Bank.
The Bank says all entities and individuals providing virtual or crypto asset services within Zambia should register with BoZ by March 27, 2026.
In a statement, BoZ assistant director for communication Besnat Mwanza said the Bank, in collaboration with other regulators and key stakeholders, has embarked on the development and implementation of a comprehensive regulatory framework for Virtual Asset Service Providers (VASPs) operating in Zambia.
Ms Mwanza said the BoZ strategic plan for 2024–2027 recognises the potential benefits of virtual asset technologies, such as reduced transaction costs, faster transfer of value and the resilience of decentralised systems against a single point of failure.
However, she said the technologies also pose risks to the financial sector, including price volatility, limited visibility of service providers and participants, as well as the risk of money laundering, terrorist financing and proliferation financing.
Ms Mwanza said the regulatory framework being developed aims to mitigate these risks in order to maintain financial system stability, promote innovation and safeguard consumers.
“As part of this process, the Bank of Zambia hereby requests all entities and individuals providing virtual or crypto asset services within Zambia to register with the Bank by March 27, 2026.
“This registration applies to both resident and non-resident entities or individuals that offer virtual asset services to individuals and businesses within Zambia, regardless of their physical presence,” she said.
Ms Mwanza said registration is required for any natural or legal person who, as a business, conducts exchanges between virtual assets and fiat currencies for or on behalf of another person or entity.
She said the registration process will enable BoZ to create a central database of all VASPs operating in Zambia and assess the scale, scope and nature of virtual asset activities in the country.
Further, it will help the Bank gather essential data to inform decisions and support the development of a comprehensive and risk-based regulatory framework, while enhancing its ability to monitor the sector for compliance with existing laws and international standards.
Ms Mwanza said the exercise will also assist the Bank to conduct consultations with registered VASPs as part of the development and implementation of the regulatory framework.
She said the registration exercise is a preliminary step and does not constitute a licence or official approval to operate as a VASP in Zambia.
“This notice should not be construed as an endorsement of a VASP or its business practices,” she said.
Ms Mwanza said the Bank will release a comprehensive regulatory framework in due course, and all registered VASPs will be required to comply with the regulations to continue operating in Zambia.
She advised VASPs and members of the public that, effective March 30, 2026, all entities regulated by BoZ will not be allowed to facilitate transactions to or from VASPs that are not registered with the Bank.
(Mwebantu, Tuesday, 17th March, 2026)
World Bank approves US$45 million budget support for Zambia
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THE World Bank, through the International Development Association, has approved approximately US$45 million Development Policy Operation (DPO) under the Second Zambia Climate and Economic Resilience Programmatic Development Policy Financing.
The support reinforces international backing for Zambia’s ongoing macroeconomic reform programme and efforts to strengthen economic resilience.
The approved operation will support Zambia’s reform agenda through three interlinked policy pillars, each anchored on specific reforms already undertaken by Government.
Minister of Finance and National Planning Situmbeko Musokotwane said the budget support from the World Bank reflects growing international confidence in Zambia’s reform agenda and Government’s commitment to strengthening economic governance.
“The approval of this Development Policy Operation demonstrates continued confidence by our cooperating partners in Zambia’s economic reform programme.
“The Government remains committed to maintaining fiscal discipline, strengthening resilience to climate-related shocks, and creating conditions that allow the private sector to expand investment and generate jobs for our citizens,” Dr Musokotwane said.
The minister added that the reforms supported under the programme are designed to reinforce macroeconomic stability while positioning Zambia for sustained growth and improved livelihoods for its people.
(Mwebantu, Sunday, 15th March, 2026)
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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)
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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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BoZ orders crypto service providers to register by March 27.
