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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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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PRESIDENT Hakainde Hichilema has urged more business entities to consider lowering the prices of goods following the good performance of the Kwacha, both locally and internationally.
Mr Hichilema commended the Zambia Association of Manufacturers (ZAM) for positively responding to Government’s call for the business sector to reduce prices of goods following the positive economic fundamentals, with inflation going down.
“We commend the Zambia Association of Manufacturers (ZAM) for responding to the positive economic fundamentals by lowering prices, and we urge others to do the same,” Mr Hichilema said.
The President said this yesterday in Parliament when he addressed the nation on progress made on the application of national values and principles.
“The kwacha has been one of the best performing currencies in the world, inflation is coming down, and other economic fundamentals are getting better, with a clear, positive alignment.
“At the same time, we acknowledge that citizens are yet to feel the full benefits, and that the cost of living should be stabilised further,” Mr Hichilema, a farmer and economist, said.
The President notes that with macro-economic stability now firmly in place, the benefits will increasingly be felt by the citizens through a gradual but sustained easing of the cost of living.
“As we work to increase wages, we will also work with the private sector to help further drive down the cost of doing business and thereby stabilise prices for the benefit of our people,” Mr Hichilema said.
And the President said national values and principles are an embodiment of who we are as a people. Our national character and policy choices are firmly anchored on these values and principles.
“As such, notwithstanding the tremendous progress we have made, together, we have more work to do.
We all have a duty to turn our national values and principles into action from a place of love and deep care for our people, and the nation’s wellbeing”.
(Mwebantu, Saturday, 21st Februray, 2026)
(Picture by Chellah Tukuta)
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GOVERNMENT has successfully concluded a 38-months International Monetary Fund Extended Credit Facility (IMF)-(ECF) programme which commenced in August 2022 and culminated in an immediate disbursement of US$190.0million, bringing the total programme support to US$1.7 billion.
Minister of Finance and National Planning Situmbeko Musokotwane said this development means that Government has broadly met all programme benchmarks and targets under the current IMF-supported arrangements.
“Government has decided not to request an extra one-year extension of the programme. Instead, we will immediately engage in talks with the IMF on a successor programme which envisioned to focus on supporting growth, investment, job creation, and expansion of Zambia’s productive capacity,” Dr Musokotwane said.
He this in a ministerial statement on the performance of the economy and update on IMF-EFC programme as at December 2025.
The minister also shared some key achievements from the programme which include restored macroeconomic stability and fiscal discipline.
“Fiscal consolidation efforts undertaken under the Programme have been successful. The fiscal deficit, which I have already alluded to, is expected to be 3.8 percent below the target of 4.6 percent in 2025 from 9.0 percent in 2021.
“This was mainly achieved through expenditure rationalisation and improved revenue collection to address other development needs and improve access to public service”.
Meanwhile, Zambia’s public debt as at end of December 2025 stood at US$28.9 billion, comprising US$16.1 billion in Central Government external debt, US$1.4 billion in Government‑guaranteed external debt.
Minister of Finance and National Planning Situmbeko Musokotwane said domestic debt stands at, K253.7 billion.
Dr Musokotwane said the stock of domestic debt contracted through the issuance of Government securities increased marginally by 0.4 percent, rising from K252.8 billion in September 2025 to K253.7 billion as at end- 2025.
“This upward trend was consistent with the programmed financing requirements for the budget deficit, as approved in the 2025 Annual Borrowing Plan,” he said.
Dr Musokotwane said this in a ministerial statement on the performance of the economy and update on the International Monetary Fund (IMF) Extended Credit Facility (EFC) programme as at 31st December 2025.
“On the external side, the Central Government’s debt stock rose by 0.7 percent increase to US$16.1 billion from US$16.04 billion in September 2025. This increase was primarily driven by disbursements received from our multilateral partners”.
Meanwhile, the minister said the country’s gross foreign reserves rose to US$5.5 billion in 2025.
“Gross foreign reserves rose to US$5.5 billion at end December from US$5.2 billion at end September 2025. The build-up in reserves was mainly due to the disbursement under the IMF ECF arrangement,” Dr Musokotwane said.
(Mwebantu, Saturday, 21st Februray, 2026)
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