World Bank approves US$45 million budget support for Zambia
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.
MTN Zambia Achieves First in Africa by Completing Starlink Direct to Cell Testing
Dora Siliya urges youths to be ambitious and bold, but respectful.
Ex-convicted robber arrested, but dies during investigations, police say
One dead, another critical after shooting in Chingola, police say
ACC arrests two more Livestock Ministry officials in US$10 million project scandal
Chingola man suspected of killing wife and son, found dead
President Hakainde Hichilema appoints new ministers, fires Muchinga Province PS
President Hichilema launches job opportunities App for youths
President Hichilema advises young girls to reject old men
Bally writes personal letter to youths
Morgan Ng’ona remains expelled by Miles Sampa?
Chingola’s ‘vanishing private parts’ mystery leaves police scratching heads.
Police say post-mortem reveals missing Ndola student died by suspected suicide
Ex-convicted robber arrested, but dies during investigations, police say
One dead, another critical after shooting in Chingola, police say
ACC arrests two more Livestock Ministry officials in US$10 million project scandal
Wonderful Group Launch Marathon
Zesco United fire CEO, suspend coach
Hauptle Names WAfCON provisional squad
2026 Kenneth Kaunda Day Marathon gets over K3 million boost from sponsors
Gunmen rob Mufulira Wanderers more thank K180,000 in gate takings
1xBet Christmas Road Show is where your dreams come true!
Time to Win Big – Megapari is officially in Zambia!
Megapari Joined the Celebration at the Nc’wala Ceremony in Zambia
22Bet Zambia: Sculpting the Future of Sports and Casino Gaming
Discover the King of DRAG with 1XBET
Published
on
By
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)
ZCCM-IH earns US$110.6 million in royalties from Kansanshi
Your email address will not be published. Required fields are marked *
Published
on
By
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)
Published
on
By
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.
Published
on
By
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)
© Copyright © 2026 Mwebantu. All Rights Reserved. Zambia’s leading Social news platform.
World Bank approves US$45 million budget support for Zambia
