The Economy Of Zambia

This web page will keep the finger on the heartbeat of the economy of Zambia. For starters, here is the background information about the Zambia economy from 1964 to date.



With that introduction, take a look at the news about the Zambian economy as reported from newspapers around the world…

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Zambian Currency

The Zambian money is denominated into Kwacha and ngwee. Find out much more about the Zambian money.

Now let’s take a look at certain segments in the economy of Zambia...

How the Global Financial Crisis Affected the Economy of Zambia

How did the global financial crisis affect Zambia? What were the Zambian economists saying? Click here to find out how the global financial crisis affected Zambia!

How did the global financial crisis affect the Luanshya town economy? Click here to find out how Luanshya was affected!

The 2015 Zambian Budget

The K 46.7 billion 2015 Zambian Budget was unveiled by Minister of finance Alexander Chikwanda on 10th October 2014, with a focus on industrialisation and job creation.

The 2014 Zambian Budget

The 2014 Zambian Budget – ‘Moving Forward to Consolidate Growth and Social Justice in Peace and Unity’

The 2013 Zambian Budget

The 2013 Zambian Budget , – ‘Delivering inclusive development and social justice’.

The 2012 Zambian Budget

The 2012 Zambian Budget – “making Zambia a better place for all”

The 2011 Zambian Budget

The 2011 Zambian Budget - ‘people’s budget from people’s government’ Read the 2011 Zambian Budget Here.

The 2010 Zambian Budget

The 2010 Zambian Budget - To Enhance Growth through Competitiveness and Diversification,

The Performance of The Economy of Zambia In 2009

In 2009,the Zambian economy improved, despite the global financial crisis! Read More.

Zambian Inflation And The Economy Of Zambia

For all information pertaining to Zambian inflation figures, check here.

Air Travel

Proflight Zambia has established a reputation for excellent customer service and punctuality.. Read More!

Trade Fairs

The Zambia International Trade Fair (ZITF) is the largest exhibition venue in Zambia. The Trade Fair grounds are located on the Copperbelt province in Ndola.

Read More!

City Travel

Squeeze yourself in a mini-bus and get yourself a feel of an authentic Zambian urban ride with the Zambian drivers!

Financial Institutions

Zambia National Commercial Bank

Zanaco – Big, Strong, Reliable. The only bank which is “Citizen owned”.

National Pension Scheme Authority

NAPSA celebrates the 10th Anniversary in the year 2010.

The International Commercial Bank Zambia Limited (ICB Zambia) is a licensed commercial bank offering full range services to all sections of Zambian Society.

The Pensions and Insurance Authority, what does it do? It is a regulator of insurance companies and pension schemes in Zambia.

NATSAVE or National Savings and Commercial Bank what does it do? It provides financial solutions to urban, peri-urban and rural communities countrywide.

Tourist Destinations

At Kafue River Cliff,you can enjoy an executive boat cruise on Lady Betty.

Pansupa Lounge and Restaurant exclusively provides an array of Zambian dishes with more emphasis on local delicacies.

The Zambian tourist is equaly welcome to sample some of the country's relatively underexplored game sanctuaries.

Zambian Fish

The Zambian fish is abundant in any of the country's five natural lakes and several of its rivers. Six percent of the country’s surface area is underwater. The country boasts of more than 150 species of fish.

Zambian Farming

The Zambian agriculture sector is poised for good things to come in the future! Why is this? Read More!

Zambeef Maize Production - Sub-Saharan Africa’s biggest cropping operation. Read More!

Zambian Cattle Ranching could become a major foreign exchange earner. Read More!

The cost of Zambian fertilizer will continue to impact negatively on the food security. Here are the reasons why this is so…

The New Kapiri Fertiliser Plant is to start producing new organic fertilizer known as Extrasol. This was revealed in a deal worth US $20 million signed by the Zambian government and Agrobiotech International limited of Russia.

It was on 18th April 2011, that Hybrid Poultry Farm celebrated its 50th anniversary. First, incorporated on 18th April 1961 in Northern Rhodesia – it is order than the Republic of Zambia, which got its independence in 1964!

Biodiesel In Zambia? With the current power shortages,high oil prices, and black-outs, it will be a welcome alternative!

Bio-ethanol is another fuel alternative to be developed soon in Lusaka by CLEF Africa Energy Limited, Zambian owned company.

Growing Jatropha in Zambia could be one of the alternative renewable energy sources. The farmers in Itezhi-Tezhi have lead the way forward.

Zambian Energy

Zambian energy is largely hydroelectric and the country has a huge potential. The state-owned Zambia Electricity Supply Corporation (ZESCO) is in charge of the provision of electricity throughout the country. However, electricity is not readily available in most Zambian households, especially in the rural areas.

Mining

The country is highly dependant on revenue from the Zambian copper mines and any fluctuations in the price of the commodity on the international market reflects on the economy. In short, the economy of Zambia is mostly driven by global trends in copper prices. As it is, the country’s quick recovery from the effects of the global economic crisis was mainly attributed to an upward shift in the prices of the commodity on the international market.

These rising prices are being complimented by similar upward shifts in copper output. In the first half of 2010, copper output rose by 10.2 percent to 363,682 metric tones. At the end of the year it rose to 750,000 tonnes. Compare this with 330,125 metric tones in 2009.

In the year 2011, the country’s copper production is projected to rise to 850,000 tonnes.

New mines such as Lumwana Copper Mines and Kansanshi mines in north-western province, Mkushi in the central province and Mulyashi open pit mine in Luanshya on the copper belt province and others are pushing up total production.

For example, Lumwana Mines Copper production for the year ended 2010 increased by 34 percent reaching 146,690 tonnes.

On the other hand, old mines like the Baluba mines in Luanshya, Nchanga in Chingola and several other mines are being re-equipped to revamp production to capacity in the economy of Zambia.

The new wave of demand for copper on the international market is being fuelled by the increasing demand from emerging and developing economies of Asia, in particular China. And this demand in copper has led to a number of new investments in the sector.

There is also Albidon’s Munali Nickel mine in Mazabuka, the first ever Nickel mine in Zambia.

After investing about $124 million, the Mine opened in July 2008. On 3rd March 2009, the Mine was put under care and maintenance, rendering 350 Albidon and contractor employees redundant.

Albidon stated that the suspended production was due to the collapse in nickel price which slumped 56% since its opening in July 2008. On 26th March 2010, Munali Nickel Mine was re-opened again.

On 8th July 2011 Maamba Collieries,the largest producer of coal in Zambia was reopened again, this time by President Rupiah Banda.

A new Mkushi Copper Mine is to be opened in Mkushi district and is to be named as Mkushi Copper Joint Venture Limited... Read more!

These mines, together with the higher commodity prices have had an effect on the rapid development of towns such as Solwezi town , which is fast becoming Zambia's new copperbelt!

Others

Lafarge Cement Zambia

Lafarge Cement Zambia is part of the Lafarge Group which is the world leader in Building materials.

Zambezi Portland Cement Limited

Zambezi Portland Cement Limited entered the cement production industry in October 2009. The entry assured Zambians of getting the commodity cheaply.

Jackal And Hide

Jackal And Hide is home to Zambian produced leather products and accessories. It’s an ideal place if you are looking for a memento!

Nasla Cement limited

Nasla Cement limited will be the fourth on the list of the already operating Zambian cement manufacturing firms.

Zambia Radio Stations

Zambia Radio Stations have come a long way since the first radio broadcasting station hit the airwaves in Lusaka in 1941.

Another big player in the economy of Zambia is Zambia’s largest sugar producer, Zambia Sugar Plc , found in Mazabuka where sugarcane is grown at the Nakambala Sugar plantation on Kafue flats.

Be on the look out for more articles on the economy of Zambia!

The Kafue Steel Plant is a boon to the Kafue town economy as well as to the economy of Zambia!


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