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By Tyndale Muchiya

The recently $4 million deal signed between Chingola Resources (formerly Senseli Mine) and the small-scale miners known as Jerabos on the Copperbelt has been described as a “mistake” and a mere “temporal measure” that fails to offer a lasting solution.

Chingola Resources, formerly known as Senseli Mine, has entered into a $4 million agreement with the small-scale miners popularly known as the Jerabos of Chingola on the Copperbelt. This deal is intended to halt the Jerabos’ mining operations at the dumpsite, but some community leaders are raising concerns about its long-term effectiveness.

Speaking in an interview with the Zambian Business Times – ZBT, Presiding Bishop Allison Bwalya of Life Giving Word Christian Ministries expressed skepticism about the deal, questioning its sustainability.

 Bishop Bwalya expressed concern over the safety and social consequences of giving huge sums of money to individuals who are often not educated, likening it to giving “a gun to an unskilled man.” The Bishop stated that giving the miners a lump sum of money “has not solved any problem” and is akin to “servicing a loan by borrowing somewhere else.” He believes the money will quickly run out, after which the Jerabos will inevitably ret.………Read the details in the weekly ZBT edition. Get your copy via link https://zambianbusinesstimes.com/subscribe_to_zambian…/

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By Tyndale Muchiya The recently $4 million deal

Uncategorized

By Carol Sichone

Zambia’s corporate bond market has yet to fully recover from the steep contraction experienced earlier in the year, with total outstanding bonds standing at K4.95 billion in the third quarter(Q3) of 2025 still below the K5.23 billion peak recorded in the first quarter(Q1), according to the Securities and Exchange Commission (SEC). ‎

SEC’s recent report revealed that while the sector registered a mild rebound in Q3, it remains in a rebuilding phase as issuers cautiously return to the market amid fragile liquidity and moderate.………Read the details in the weekly ZBT edition. Get your copy via link https://zambianbusinesstimes.com/subscribe_to_zambian…/

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By Carol Sichone Zambia’s corporate bond market has

Agribusiness

By Justine Phiri

Zambia’s agricultural sector is a cornerstone of both the national economy and food security, with maize serving as the primary ingredient in the staple food “Nshima.”

The 2025 harvest season marked a major milestone, yielding 3.6 million metric tonnes of maize. Following this achievement, the government recently approved the exportation of surplus maize.

With the recently signed maize export agreement worth US$77 million between Zambia and Malawi, an Agriculture expert has cautioned that the current approach to maize exports may limit the country’s earning potential.

He argues that exporting raw maize, rather than processed products, could result in………Read the details in the weekly ZBT edition. Get your copy via link https://zambianbusinesstimes.com/subscribe_to_zambian…/

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By Justine Phiri Zambia’s agricultural sector is a

Mining

By ZBT Analyst

Official gold production figures for the first eight months of 2025 may significantly understate Zambia’s true output, according to seasoned mining expert Edward Simukonda, who warns that large quantities of the precious metal are leaking out of official channels and leaving the country undetected.

According to official statistics obtained by the Zambian Business Times (ZBT), Zambia officially produced 2,346 kilograms of gold between January and August 2025, marking a 23% increase compared to the 1,907 kilograms produced during the same period in 2024.

However, Simukonda expressed skepticism about these numbers, suggesting that private individuals may be holding more gold than is reflected in the official data. Speaking in an interview with ZBT, Simukonda asserted that official capture does not reflect the reality on the ground, pointing to widespread private holdings. “When you look at the production that is taking place in the country, I can guarantee you, there are private people holding more than the……Read the details in the weekly ZBT edition. Get your copy via link https://zambianbusinesstimes.com/subscribe_to_zambian…/

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By ZBT Analyst Official gold production figures for

Agribusiness

By Carol Sichone

The Fruits and Vegetables Association of Zambia (FVAZ) says Zambia has achieved a significant increase in local onion production this year, resulting in a reduction of onion imports by 5,000 metric tons.

FVAZ President Bernard Sikuyangana reported in an interview with the Zambian Business Times – ZBT, that the nation imported 10,000 metric tons of onions in 2025, compared to 15,000 metric tons in 2024. He attributed this decline in imports to..… ..Read the details in the weekly ZBT edition. Get your copy via link https://zambianbusinesstimes.com/subscribe_to_zambian…/

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By Carol Sichone The Fruits and Vegetables Association

Tech

By Grain Bright Mashinyi

A decision to introduce a new Grade Point Average (GPA) grading system during ongoing examinations sparked a riot at Kapasa Makasa University earlier this week, disrupting academic activities and leading to the temporary suspension of exams and the arrest of 74 students.

Speaking in an exclusive interview with the Zambian Business Times, a source whose details have been withheld due to the sensitivity of the matter, revealed that the riot was triggered by the abrupt implementation of the new grading system without adequate consultation.

“We were informed three days before its adoption. We did some constructive meetings during the three days, but on Monday when we had the Senate meeting, the Senate refused to…..… ..Read the details in the weekly ZBT edition. Get your copy via link https://zambianbusinesstimes.com/subscribe_to_zambian…/

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By Grain Bright Mashinyi A decision to introduce

Sport

By Samuel Mutale

Top-ranked Zambian tennis player Edgar Kazembe made history at the recent Mika Tennis Tournament, becoming the first local male athlete in three years to reach the men’s singles final. Despite a determined effort, Kazembe fell to Zimbabwe’s Sibanda, who secured the championship with a 6-4, 6-1 victory.

Reflecting on his performance, Kazembe described his run as a milestone for Zambian tennis and emphasized the urgent need to nurture emerging talent. “I hope we can have three or four young player…… ..Read the details in the weekly ZBT edition. Get your copy via link https://zambianbusinesstimes.com/subscribe_to_zambian…/

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By Samuel Mutale Top-ranked Zambian tennis player Edgar

Sport

By Samuel Mutale

“Doping” is a term that refers to the use of banned athletic performance-enhancing drugs (PED) as a way of gaining advantage in sports. This vice is widely condemned, and several countries have established anti-doping agencies to combat it; for instance, Kenya, one of the powerhouses of sport in Africa, has a state-of-the-art facility.

However, in Zambia, despite the athleticism exhibited through various accolades attained globally and regionally, the country is yet to have a fully-fledged anti-doping policy as well as infrastructure.

Speaking in an interview with the Zambian Business Times, Olympians Association of Zambia (OAZ) President Jonathan Chipalo alleged that…… ..Read the details in the weekly ZBT edition. Get your copy via link https://zambianbusinesstimes.com/subscribe_to_zambian…/

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By Samuel Mutale “Doping” is a term that

Uncategorized

By Grain Bright Mashinyi

The latest Auditor General’s Report has exposed serious procurement irregularities in the Ministry of Education (MoE) involving a K4,471,602.80 contract awarded to Kayombo Tech Limited for the drilling and equipping of 32 boreholes across Luapula and North-Western provinces.

According to the report, Kayombo Tech Limited signed the contract with the Ministry on 10th June 2024 for the drilling and equipping of boreholes in 32 secondary schools eight in Luapula and twenty-four in North-Western Province. The firm was paid K…… ..Read the details in the weekly ZBT edition. Get your copy via link https://zambianbusinesstimes.com/subscribe_to_zambian…/

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By Grain Bright Mashinyi The latest Auditor General’s

Mining

By Tyndale Muchiya

Kansanshi Mining Plc (a subsidiary of First Quantum Minerals – FQM) has demonstrated its commitment to local economic development in Zambia, with the mine alone procuring over US$72 million per month from Zambian-registered suppliers in 2024.

This means that the mine spent close to a billion dollars ($864 million) annually on Zambian-registered suppliers. According to Kansanshi Mining Corporate Affairs Superintendent, Ryan Ellis, this investment underscores FQM’s strategy of “Buying Zambian” and fostering economic empowerment within the country.

According to recent statistics, more than 84% of Kansanshi Mine’s supplier spend is directed towards…… ..Read the details in the weekly ZBT edition. Get your copy via link https://zambianbusinesstimes.com/subscribe_to_zambian…/

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By Tyndale Muchiya Kansanshi Mining Plc (a subsidiary

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