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The Zambia Statistics Agency (ZAMSTATS) reported in April 2026 that the annual inflation rate slowed to 6.8% in April 2026 from 7.1% in March, but nonfood inflation increased to 6.0% from 5.9%.

 The report further showed that the rise in non-food inflation was mainly driven by higher prices of medicines, transport, and other essential services. Meanwhile, economic expert Ephron Chilunjika noted that the current inflation trend shows that pressure is now shifting from food prices to services and imported goods.

Speaking in an interview with Zambian Business Times (ZBT), Chilunjika indicated that service and imported-cost inflation are usually harder to control than food inflation.

Noting that many households may now be spending less on mealie meals but paying more for transport, medicines, and healthcare. “A household may save money on food but spend even more on transport, medicines, and clinic visits, which creates a gap between official inflation figures and what people are actually experiencing,” said Chilunjika.

 He noted that rising medicine prices are strongly linked to Zambia’s dependence on imported pharmaceuticals and pressure on the exchange rate.

 According to Chilunjika, the country’s import bill of K24.2 billion has increased pressure on importers who now require more foreign currency to bring medicines into the country. “The rising transport costs could eventually push food prices higher again through increased distribution and logistics costs, and the Bank of Zambia may struggle to fully control non-food inflation because many of the price pressures are coming from imported goods and global supply chain challenges rather than local demand,” said Chilunjika.

Article by  Philip Sinkala

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The Zambia Statistics Agency (ZAMSTATS) reported in

Markets

Data from the Zambia Statistics Agency (ZAMSTATS) April 2026 report revealed that Zambia’s trade surplus decreased to K0.8 billion in March 2026 from K5.7 billion in February, showing a K5 billion decline within a single month.

A further check by the Zambian Business Times—ZBT—in the report showed that exports fell by 8.1% from K27.2 billion to K25.0 billion, while imports surged by 12.3% from K21.5 billion to K24.2 billion. Meanwhile, economic expert Maxwell Kauseni has told Zambian Business Times-ZBT that the scale and speed of the decline are deeply concerning despite the country still recording a surplus.

“The decline is very significant; we are talking about a drop of K5 billion in just one month, and even though Zambia is still in a surplus, the speed and size of the drop is what raises concern,” said Kauseni.

He warned that the combination of falling exports and rising imports places pressure on foreign exchange reserves, the kwacha, and inflation levels across the economy.

 “The risk is quite serious because Zambia is earning less foreign exchange while spending more on imports, and this creates pressure on reserves, weakens the kwacha, and pushes up inflation, especially for fuel and food,” said D. Kauseni.

 Kauseni noted that while monthly fluctuations can occur due to seasonal or shipment timing factors, the current pattern suggests deeper structural weaknesses rather than a temporary anomaly.

 “When exports fall by 8.1% and imports rise by 12.3%, the combination suggests structural pressure, and if this continues, we could easily move from a surplus into a deficit,” said Kauseni.

 He further emphasized an urgent move in diversifying exports, strengthening local production, and promoting import substitution to prevent further external sector deterioration. “Zambia is currently earning less and spending more, and that gap, if not controlled, can quickly turn into economic pressure for everyone,” said Kauseni.

Article by Justine Phiri

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Data from the Zambia Statistics Agency (ZAMSTATS)

Lifestyle

Bus fares go up!Motorists and public transport operators across Zambia are feeling the strain of rising fuel prices, with many forced to scale back daily operations in order to stay afloat. From buying smaller quantities of fuel to combining trips and cutting down on discretionary spending, drivers are adjusting to an increasingly difficult operating environment.

Speaking in an interview with the Zambian Business Times (ZBT), Bus and Taxi Owners Association of Zambia (BTOAZ) Spokesperson Amis Daudi, said the situation has forced drivers to rethink how they operate.

“For bus and minibus drivers, the impact is immediate and deeply personal. Fuel, which accounts for a significant share of daily expenses, has become harder to sustain as prices climb. Many drivers report reduced take home earnings, as more of their revenue is absorbed by fuel costs, leaving less for maintenance, personal income, and even basic needs.” “When fuel prices go up, it directly affects how much a driver can earn. Some are now buying smaller amounts of fuel, reducing trips, or combining errands just to manage their daily costs,” he explained.

The chain action extend beyond drivers themselves as passengers are also feeling the pinch, as transport becomes less frequent or more expensive. In some cases, longer waiting times and overcrowding have become more common, reflecting the pressure on operators to balance costs with service delivery.

To address these challenges, the Bus Drivers Association of Zambia is engaging government stakeholders to push for fare adjustments that reflect the rising cost of fuel. “After government determines the fuel price, we engage through RTSA and the Ministry of Transport to propose adjustments. Once there is agreement, we then move to adjust fares in line with the new fuel costs,” Daudi said.

This structured approach, he noted, is aimed at ensuring that any fare increases are justified and regulated, while also protecting both drivers and passengers from sudden, uncoordinated changes.

However, As fuel remains a central driver of economic activity, its rising cost continues to shape the realities of public transport. While fare adjustments can help drivers cope with rising costs, they also place an additional burden on commuters already struggling with high living expenses.

Article by Catherine Mwansa

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Bus fares go up!Motorists and public transport

Agribusiness

Hibiscus is delivering stronger profit margins than maize or soya for small-scale farmers, yet Zambia’s commercial market remains small and fragmented due to limited processing and export channels.

Speaking in an interview with Zambian Business Times, a hibiscus grower who spoke from anonymity said the local hibiscus market is still emerging, with demand driven by small processors making teas and juices, a few exporters aggregating for regional markets, and direct consumers buying at markets and online.

“Last year was tough; too many small growers harvested at once, and middlemen dropped the price. This year we’re more organized, so prices have held,” she explained. “But it’s still volatile without contracts.” While Zambia’s climate is well suited for hibiscus, large-scale commercial farms remain rare, she said. “Large-scale needs guaranteed markets, processing plants, and finance. Banks don’t understand hibiscus like they do maize.

So most of us are on 1 to 5 hectares, not 50 or 100.” be intercropped with maize or soya, giving farmers additional income without replacing food crops.

She added that lack of mechanized drying and storage further limits scale, especially during the eain season low harvest season.

She has conducted small export trials to regional markets, including South Africa and Kenya, with interest also coming from Europe.

However, meeting international standards remains a major barrier for small growers. “The standards are high: moisture content, no contaminants, and organic certification. For a small grower, that paperwork and testing cost is the biggest barrier,” she said.

According to her, hibiscus offers better returns per hectare than maize or soya when farmers secure direct buyers.

Furthermore, she urged the government to include hibiscus under crop diversification programs and to support the establishment of small processing plants.

Article by Francine Chibuye

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Hibiscus is delivering stronger profit margins than

Real Estate

Zambian Rent Act, designed in 1972 for stable and long-term residential tenancies, is increasingly strained by the emergence of short-term platforms like Airbnb, which is designed to operate on flexible, commercial terms.

Airbnb is relatively new to the Zambian market and is meant to house clients for a short period of time, implying that the property owner is likely to make more money in some instances rather than having a tenant for a longer period of time.

In an interview with the Zambian Business Times, operations officer at ACI Financial Markets Association Blessings Banda revealed that this mismatch has fueled conflict where landlords seek to evict protected tenants to pivot towards more lucrative short-stay use, resulting in illegal evictions and legal uncertainties on both sides.

Banda observed that the current legislation prioritizes security of tenure and leaves out self-help evictions, exposing tenants to undue evictions. “It rightly prioritizes security of tenure and prohibits self-help evictions,” he emphasized.

 He noted that the legislation is silent on rental typologies, conversions, and gig economy hosting.

“Rather than weakening tenant protections, Zambia likely needs targeted reform that clearly distinguishes long-term residential tenancies from short-term accommodation,” Banda said.

He explained that reforms should regulate conversions where sitting tenants exist and give small legitimate hosts legal clarity.

“This will balance housing stability with the growing role of short-term rentals in urban livelihoods and tourism,” Banda emphasized. The rise of platforms like Airbnb has exposed gaps in the 1972 law, with landlords and tenants both facing uncertainty as residential units shift to commercial short-stay use.

 At the height of such modern housing models, it is imperative that the lawmakers stay abreast of the current happenings and ensure to create policy that speaks to the demands.

“Targeted reform is crucial to protect housing stability while supporting tourism and urban incomes,” Banda conclude.

Article by Samuel Mutale

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Zambian Rent Act, designed in 1972 for

Lifestyle

As conversations around prenuptial agreements continue to gain attention in modern society, more and more couples are taking up measures to safeguard assets and define financial obligations before marriage.

The Council of Churches in Zambia (CCZ) has urged couples not to lose sight of the spiritual and moral foundation of marriage.

 A prenuptial agreement is a legally binding contract signed before marriage that outlines how assets, debts, and property will be handled during the marriage and in the event of divorce or death.

 In an interview with the Zambian Kwacha Times, CCZ General Secretary Fr. James Phiri said while the Church recognizes that changing social and economic realities have made issues such as financial security, property rights, and legal protection more prominent in marital discussions, marriage should remain a sacred covenant founded on love, trust, and lifelong commitment. Fr. Phiri said although prenuptial agreements may be legally permissible and can, in some instances, help clarify financial expectations and reduce potential disputes, the Church does not view marriage as merely a contractual arrangement centered on asset protection.

 He encouraged couples to prioritize thorough premarital counseling, honest communication, and a shared understanding of responsibilities before entering marriage. Fr. Phiri noted that such preparation is critical in building strong and sustainable relationships that are grounded in mutual respect and shared values rather than solely relying on legal safeguards.

 He added that where couples choose to enter into prenuptial agreements, the process must be handled transparently and fairly, ensuring that it does not undermine the spirit of unity and commitment that marriage is intended to uphold. This statement comes after the continued spread of divorce culture and questions being raised on the best ways to secure property in case of divorce.

Article by Karen Ngulube

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As conversations around prenuptial agreements continue to

Lifestyle

Medical for Quality Healthcare in Zambia (MQHZ) has raised concern over the rampant child defilement cases in Zambia, warning that the trend is placing thousands of children at heightened risk of HIV, sexually transmitted infections (STIs), and lifelong physical and psychological trauma.

 Speaking in an interview with Zambian Business Times (ZBT), MQHZ Director General Dr. Quince Mwabu described child sexual abuse as a serious violation of children’s rights and a growing public health emergency that demands urgent national intervention.

 Mwabu cited Zambia Police Service figures showing that 4,978 defilement cases were recorded between 2021 and 2025, a situation he said reflects the persistent burden of child sexual violence in the country.

 He explained that children subjected to sexual abuse face increased vulnerability to HIV infection, STIs, and other severe health complications, particularly when cases are reported late. Mwabu noted that delayed reporting, especially in rural and remote communities, continues to limit access to critical emergency healthcare services such as post-exposure prophylaxis (PEP), STI treatment, and psychosocial support.

 “Timely access to care within the first 72 hours after abuse is crucial in preventing HIV infection and reducing long-term health risks,” Mwabu said.

 He further expressed concern over existing systemic challenges, including stigma, low public awareness, weak reporting systems, and inadequate child-friendly healthcare services, which continue to hinder effective response efforts.

 Mwabu observed that many abuse cases occur within homes and communities where children should ordinarily be protected, emphasizing the urgent need to strengthen child protection systems, improve early detection, and ensure swift intervention.

 He called for stronger enforcement of child protection laws and better coordination among healthcare providers, social welfare institutions, law enforcement agencies, and communities.

 Mwabu stressed that all forms of child sexual violence affecting both girls and boys must be addressed with equal urgency. He also urged government and stakeholders to intensify public awareness campaigns aimed at preventing abuse, promoting early reporting, and ensuring survivors have access to comprehensive healthcare, including HIV prevention, STI screening, treatment, and psychosocial support.

 Mwabu appealed to parents, guardians, and community members to report suspected or confirmed abuse cases immediately and seek urgent medical and legal assistance. He said protecting children from sexual violence requires collective responsibility, stronger systems, and sustained national commitment.

Article by Karen Ngulube

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Medical for Quality Healthcare in Zambia (MQHZ)

Agribusiness

 According to the Zambia Statistics Agency (ZAMSTATS) April report, fish prices have declined in April, with latest data showing a 4.34% drop in buka buka from K129 per kilogram in March to K123, while fresh kapenta recorded a sharper 9.44% reduction from K55 to K49 per 400 gram. Aquaculture consultant and Managing Director of Mukasa Fish Farm, Royd Mukonda has told Zambian Business TimesZBT that the price movements are closely linked to seasonal fishing bans and trader behaviour that often distorts normal supply patterns.

 “While the drop appears to signal improved affordability for consumers, market dynamics suggest the shift is largely driven by supply surges following months of artificially tight conditions,” said Mukonda.

He explained that during the annual fishing closure period between December and February, traders deliberately withhold stock and push prices upward in anticipation of reduced supply.

“During the fishing ban, traders tend to hold back stock and sell at higher prices because there is no fishing activity, creating pressure on demand,” said Mukonda.

He stated that once the fishing season reopens, large volumes of fish are suddenly released onto the market, resulting in oversupply and a rapid decline in prices as traders rush to clear perishable stock.

Mukonda added that regional trade dynamics are also contributing to the supply surge, particularly as fish traders increasingly divert supplies into Zambia due to instability in eastern Democratic Republic of Congo, which has made cross-border trade more risky.

“Once suppliers realise prices are favorable in Zambia, they redirect large quantities into the local market, effectively flooding it and forcing prices downward.

Mukonda, cautioned that the current price decline may be temporary, as fish prices are likely to
gradually rise again later in the year as supply stabilises and the market moves closer to another
fishing restriction cycle.

Article by Phillip Sinkala

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 According to the Zambia Statistics Agency (ZAMSTATS)

Mining

 The mining sector, which is the country’s largest consumer of diesel, is facing mounting costs following the Energy Regulation Board’s (ERB) announcement of a dramatic rise in fuel prices effective May 2026.

The Energy Regulation Board (ERB) recently announced a sharp rise in fuel pump prices effective May 2026, citing escalating international oil prices amid ongoing Middle East tensions.

Diesel prices have seen the steepest increase, now standing at K33.99 per litre, almost double the price from just two months ago. diesel consumed mainly by the mining sector was priced at K23.25 per litre in March before climbing to K29.78 in April and now K33.99, underscoring the rapid upward trend.

 In an interview with the Zambian Business Times (ZBT), Professor Peter Chileshe, a mining expert and lecturer at Copperbelt University (CBU), highlighted the significant impact of the latest fuel price increases on Zambia’s mining sector.

 Professor Chileshe explained that these developments pose serious challenges for mining operations, which heavily rely on both electricity and diesel, a balance known in the industry as the “electricity-diesel balance.” He noted, “With the increase in diesel prices, the cost of mining will inevitably rise. He said the mines are already under pressure, and there is little hope for a swift resolution to the geopolitical crisis driving these increases.

 “Even if tensions in the Middle East ease, the lag in cheaper feedstocks reaching Zambia means elevated prices are likely to persist for several months.” Professor Chileshe also raised concerns about the physical availability of fuel, given that Zambia is still dependent on imports, with the Angolan refinery not yet operational. “Our reliance on fuel imports through the Dar es Salaam corridor, which sources from the Persian Gulf, means that supply disruptions and price volatility are direct risks. The mines must be feeling the strain, both in terms of cost and the security of supply.”

 He added that while Zambia has benefited from increased electricity generation due to favorable rainfall, this is unlikely to fully offset the impact of soaring diesel prices on mining operations. “The bottom line is that, given the current regional and global situation, mining costs in Zambia are set to climb further in the near future,” Professor Chileshe conclude.

Article by Tyndale Muchiya

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 The mining sector, which is the country’s

Companies

 Zambia Institute of Chartered Accountants President Yande S. Mwenye has noted that the institute is aware of the government’s recent decision to suspend tax on the importation of fuel as it affects every sector of the Zambian economy.

Speaking in response to a question raised by Zambian Business Times-ZBT during the ZICA quarter 1 media briefing on the measure and approach the government should take in ensuring that the suspended tax for three months is accounted for.

 In response, Mwenye noted that as much as the institute appreciates the move by the government, it has an impact on government resources, especially on social programs such as education and health, which are the key.

“On one hand we want to cushion the energy sector, but on the other hand the government has to continue working, even though there is a loss of revenue,” said Mwenye.

 She added that the government has to continue running despite the difficulties in striking a balance between spending and raising revenue, but the biggest question is on where the money lost due to the suspension will be recovered from.

“We might look at other sectors, even as we have seen there is the export of maize happening in the agriculture sector, which will bring in much-needed resources but again there is still the cost of transporting that maize which comes down to fuel,” said Mwenye.

 She mentioned that the losses government has incurred due to increased international oil prices are significant and that there is need for government to run the economy.

“As much as the institute may appreciate or condemn the government’s move, we also have to be able to provide a solution, even though it’s a tough situation that we find ourselves in as a country because we are not even part of that war,” said Mwenye.

Mwenye noted that the conflict between Iran and the USA has come just after the country’s economic indicators witnessed significant gains in terms of inflation dropping and the kwacha appreciating, and the gains might be undermined.

“The war comes at a time when Zambia’s economy recently saw significant gains in inflation dropping and kwacha appreciating, but we are in a global village and it’s inevitable, and that’s why we have been affected,” said Mwenye.

Article by Justine Phiri

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 Zambia Institute of Chartered Accountants President Yande

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