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Indian Firm Wins Zambia Mining Deal
Indian engineering firm Laxyo Ltd has secured its first overseas raise-boring contract in Zambia, valued at roughly Rs 200 crore. The award reflects continued international interest in Zambia's mining sector as a key driver of the national economy.
Zambia Secures Full Bond Buyback
Zambia has won sufficient bondholder support to fully buy back its 2053 dollar-denominated bonds after sweetening its offer to bring holdout creditors on board. The development is regarded as a significant milestone in the country's broader debt restructuring efforts and may strengthen confidence among international investors.
Zambia Buys Back $1.36B in Bonds
Zambia has secured bondholder approval to fully buy back $1.36 billion in bonds originally set to mature in 2053, marking a meaningful step in the country's debt management journey. The move is widely regarded as a positive signal of Zambia's ongoing effort to restore its standing in international capital markets following its earlier restructuring process.
Vedanta Zambia Copper Unit Flags Going Concern Risk
External auditors for CopperTech Metals, Vedanta Group's Zambia-based copper subsidiary, have raised substantial doubt over the company's ability to continue as a going concern. The warning came to light through an F-1 registration filing submitted to the US Securities and Exchange Commission. Given copper's central role in Zambia's economy, the development could have wider repercussions for business and investor sentiment in the country.
Vedanta Unit Eyes NY IPO for Zambia Copper
A Vedanta Resources subsidiary has filed with regulators to pursue an initial public offering in New York, with the funds earmarked for its copper mining operations in Zambia. The move reflects sustained international appetite for Zambia's mineral sector and could raise the country's standing among global investors.
Zambia Copper Smelter Halts 60 Days
Vedanta's Konkola Copper Mines has begun a planned 60-day shutdown of its Nchanga smelter in Zambia to carry out essential maintenance and modernization work. The pause is aimed at improving efficiency and boosting output once the facility resumes operations, with broader implications for Zambia's copper-driven economy.
Renewables Surge Across Africa
Governments and investors across Africa are redirecting new power projects toward solar, wind, and battery storage, moving away from conventional energy sources. For Zambia, which has historically depended heavily on hydropower, this continental shift could meaningfully improve grid resilience and reduce exposure to drought-driven electricity shortfalls.
China-Zambia sign updated bilateral investment treaty · energy and infrastructure highlighted
The updated BIT meaningfully widens two-way investment protection across energy, mining and cross-border infrastructure — likely to accelerate Chinese capital deployment in Zambia.
Lusaka City Council approves Ibex Hill ↔ Roma arterial upgrade
The arterial upgrade between Ibex Hill and Roma has been approved — including 4-lane widening, new lighting and drainage improvements, with completion targeted for mid-2027.
Lusaka Q1 high-end residential transactions · up 18% year over year
Per the local brokers' association, Q1 2026 transactions for high-end residential (≥ US$ 250,000) in Lusaka rose 18% year-on-year, with Ibex Hill and Kabulonga leading the upticks.
First Lusaka International Real Estate Investment Expo · opens September 2026
The first Lusaka International Real Estate Investment Expo is confirmed for 18-20 September 2026 at the Mulungushi International Conference Centre, expected to draw 80+ local and overseas developers.
Kalundu / Ibex Hill standalone-villa median rent · crosses K30,000/month
Latest rental data shows median rent for standalone villas in Kalundu and Ibex Hill crossed ZMW 30,000/month for the first time — reflecting sustained demand from expat households and local high-net-worth families.
Lobito Corridor opens · Zambia's copper-export route gets dramatically shorter
The Lobito rail corridor across Angola, DRC and Zambia is now fully operational — giving Zambia's Copperbelt the shortest possible route to the Atlantic.
G20 adopts Africa debt restructuring roadmap · Zambia among beneficiaries
The G20 finance ministers' meeting formally adopted a new wave of African sovereign-debt restructuring framework. Zambia, an early beneficiary, is expected to close all creditor negotiations within 18 months.
99-year leasehold for foreign investors · regulations finalised
The Ministry of Lands and Natural Resources issued implementation rules confirming foreign individuals and entities may apply for up to 99-year leaseholds on Zambian property, with renewal and transferability supported.
Kenneth Kaunda International Airport phase-2 expansion breaks ground · operational 2027
Phase-2 expansion of Kenneth Kaunda International Airport broke ground this month, adding one runway and one international terminal — doubling annual throughput capacity to 8 million passengers.