The Bank of Zambia (BoZ), the nation’s central bank, has announced that it has accumulated nearly $470 million in gold since initiating its domestic gold purchase program in December 2020. This figure represents less than half a billion dollars in value since the Bank embarked on purchasing locally produced gold in December 2020. The program was officially launched on December 11, 2020, when BoZ signed its first local gold purchase agreements. According to Governor Dr. Denny Kalyalya, who spoke at a media briefing for the Monetary Policy Rate announcement for the Second Quarter of 2026, attended by the Zambian Business...
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