The Bank of Zambia (BoZ) has announced the successful collection of CNY ¥1.3 billion (approximately US$191 million) in mining taxes, following the adoption of a yuan-denominated tax payment system for Chinese mining companies operating in the country. Speaking at a recent media briefing attended by the Zambian Business Times (ZBT), Dr. Emmanuel Mulenga Pamu, Director of Financial Markets at BoZ, confirmed the receipt of these funds since the system’s launch initiated in October 2025. “In terms of Yuan the total is ¥1.3 billion, translating into $191 million following the implementation of a Chinese yuan-denominated tax payment system for Chinese mining...
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