
Is Zambia Becoming a Nation of Borrowers? Financial Inclusion Hits 80%
For the first time, four out of five Zambians can save, borrow, or send money without stepping inside a traditional bank. According to the...

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A U.S. House Select Committee on China has found that the Zambian government assisted a Chinese-owned mining company, Sino-Metals, in covering up a significant pollution incident. This alleged cover-up occurred despite Zambia owing billions in debt to Beijing, highlighting potential leverage China holds over the African nation. The incident involved the collapse of a tailings dam owned by Sino-Metals, which released toxic sludge into the Kafue River. Over a year later, the environmental consequences are severe, with farmlands scorched, hundreds of residents lacking clean water, and land remaining contaminated with heavy metals.
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For the first time, four out of five Zambians can save, borrow, or send money without stepping inside a traditional bank. According to the...

Zambia and the Democratic Republic of Congo (DRC) are accelerating efforts to implement the Simplified Trade Regime (STR). This initiative aims to streamline clearance procedures for small-scale cross-border traders, ensuring they benefit from preferential trade rates. The Ministry of Commerce, Trade and Industry, through its Principal Public Relations Officer Everness Nankala, confirmed that the two nations are operationalizing this transformative trade facilitation instrument. The STR is specifically designed to empower small-scale traders, with a particular focus on women and youth. After more than seven years of bilateral engagement and negotiations, both governments view the STR as a crucial driver for economic empowerment and improved trade relations between the two countries.

Shuka Minerals Plc, an African-focused mine operator, has appointed Ox Drilling Limited as the drilling contractor for the Phase 1 drilling program at the Kabwe Zinc Mine in Zambia. The program, scheduled to begin in mid-May 2026, will involve approximately 2,000 meters of diamond drilling targeting known mineralized zones around and beneath previous workings at depths of 100-500 meters. This initial phase, supported by geological consultants GeoQuest Limited, will provide data to finalize locations for a broader 10,000-meter Phase 2 program and a subsequent JORC resource and reserves upgrade later in 2026. This marks the first resource drilling at Kabwe since the 1970s. The company's objective for its 2026 exploration program is to achieve a 50% increase to the existing resource of 6.8Mt at 13.3% Zinc and 3.3% Lead, valued at an estimated US$4 billion. The program also aims to better understand the concentrations and metallurgy of Silver, Vanadium, Germanium, and Gallium as by-products.
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