According to the Bank of Zambia, non-resident investors increased their holdings in Government securities by K12.5 billion in Q1 2026, pushing total foreign participation to K78.3 billion. This development comes after Government raised the non-resident holding limit on Government securities from 5% to 23% of total issuance in January 2026 to stabilize portfolio inflows. Government argued that the adjustment would allow investors to roll over maturing instruments while easing potential foreign exchange pressure linked to large-scale capital outflows. However, speaking in an interview with Zambian Business Times – ZBT, economic expert, Samuel Lungu warned that the inflows are being misread...
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