The most important developments in sub-Saharan Africa. Six days a week.
Zambia's state mining investor ZCCM-IH, which holds 20.6% of Konkola Copper Mines (KCM), has approved a $498 million plant to recover copper from tailings at Nchanga in Chingola, it said on 7 October.
The World Bank raised its 2026 growth forecast for sub-Saharan Africa to 4.3% on 6 October, 0.3 percentage points above its April projection, after growth of 4.1% in 2025.
Zambia's government said on 6 October that it will sign a five-year health agreement with the United States worth $1.5 billion in US funding, after clauses requiring the sharing of medical specimens and health data were removed.
Brent crude has traded around $100 a barrel since late September, and African fuel importers are passing the cost on to motorists.
The Bank of Zambia cut its policy rate by 250 basis points to 10.75% on 30 September, its second cut this year.
Zambia began talks with an International Monetary Fund (IMF) mission on 30 September on a new programme to replace the $1.7 billion arrangement that expired in January.
