The Economy Of Zambia

This webpage will keep the finger on the heartbeat of the economy of Zambia. Please bookmark this page for the latest Economic Indicators on the Zambian market.

Zambian Currency

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

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

Effect Of Global Financial Crisis On Zambian Economy

Will the global financial crisis affect Zambia? What are the Zambian economists saying?... Read more!

The 2010 Zambian Budget

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

The Performance of The Zambian Economy In 2009

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

Zambian Inflation

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

Air Travel

Zambezi Airlines – Excellent Customer Service. Read More!

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.

Tourist Destinations

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

Pansupa Lounge and Restaurant exclusively provides African dishes with more emphasis on Zambian delicacies.

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!

Mining

For a long time, the major player in the economy of Zambia has been the mining sector, being the highest foreign exchange earner.

After privatization of the mines, mining companies such as Lumwana and Kansanshi copper mines have emerged.

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.

Towards the end of 2009, metal prices such as that of copper, started improving on the international market. For example, Luanshya Mine was opened on 22nd December 2009.

However, prior to October 2008 there had been mining economic activities in Zambia...

Lumwana Copper Mine Commissioning To Be In December 2008

Production at Lumwana Copper Mine will start in December 2008 when all replacement of all equipment damaged in a fire on 7th July 2008 is completed...Read more!

New Mkushi copper mine On The Cards!

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!

Mkushi copper projects Has Higher Grades Of Copper

Recent drilling at Mkushi copper projects have revealed higher grades of copper at 3.12 percent...Read more!

These mines, together with the higher commodity prices have had an effect on the rapid development of towns such as Solwezi town.

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.

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

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

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