Business360 TV Zambia

23/01/2026

19/01/2026

DRC AND ZAMBIA STEP UP SECURITY FOR TRUCKERS

The DRC Government will provide security for international truck drivers after recent attacks affected trade.

This decision was made during the 14th Session of the DRC-Zambia Joint Permanent Commission on Defence and Security. The DRC will enhance security along high-risk routes to ensure driver safety and promote international trade.

The Commission noted the security challenges faced by international truckers transiting through the DRC and urged the government to enhance security measures along high-risk trucking routes. This move aims to promote international trade and guarantee the safety of foreign truck drivers, aligning with international norms and regional protocols. credit: ministry commerce and trade

19/01/2026

India’s central bank has proposed linking BRICS digital currencies to simplify trade and tourism payments.

The plan could be tabled at the 2026 BRICS summit, which India is set to host.

If adopted, it may reduce reliance on the US dollar amid rising geopolitical tensions.

The proposal builds on earlier BRICS commitments to payment system interoperability.

19/01/2026

China has historically engaged Africa through extensive infrastructure projects, shaping its physical development landscape.

The focus of China's interaction with Africa is shifting towards fostering financial integration, particularly through the use of the Chinese yuan.

Zambia has initiated taking mining-related tax payments in yuan, aligning with China's strategic financial goals.

Kenya has restructured a portion of its debt to China into yuan to improve fiscal sustainability and financial outcomes.

19/01/2026

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26/09/2025

2026 National budget presentation!

12/09/2025

11/08/2025

ZRA SEIZED 66,000 LITRES OF SMUGGLED ETHANOL BELONGING TO ZAMBIAN BREWERIES

The Zambia Revenue Authority (ZRA) has seized two trucks carrying 66,000 litres of smuggled ethanol with a revenue loss of K3 million to the Zambian government.

The two trucks which entered Zambia through the Nakonde One Stop Border Post were both declared as carrying 132 packages of Calcium Hypochlorite each. Calcium does not attract customs duty but is subject to 16% Import Value-Added Tax (VAT).

However, upon inspection, ZRA officers discovered that the trucks were carrying Ethanol 96.0% in 250-liter plastic drums, contrary to the initial declaration. The Ethanol was packaged in drums labelled "Extra Neutral Alcohol 96%" with stickers bearing the code UN1170, confirming the commodity was indeed Ethanol.

Further verification of the declarations confirmed that the entries were declared with Zambia Breweries PLC as the importer and Transtra International (Z) LTD as the declarant or agent. An Alcohol Permit and delivery documents were also discovered, confirming the product as Ethyl Alcohol, with Zambia Breweries Limited listed as the buyer.
This misclassification constitutes smuggling, violating Sections 141, 149, and 159 of the Customs and Excise Act CAP 322 of the Laws of Zambia.

The Authority has commenced further investigations on the matter with potential prosecution of all parties involved. The agent which is Circle Transtra International (Z) Limited’s TPIN has already been suspended with a possible revocation of its operating license.

A thorough check on all the twenty-one (21) declarations processed between 2023 and 2025 by Zambia Breweries and Circle Transtra International (Z) Limited will also be made to ascertain if there was any revenue loss.

The two trucks were intercepted between 3rd August and 6th August 2025 along the Great North Road.
Taxpayers are encouraged to pay their taxes and remain compliant with tax laws in order to avoid punitive enforcement measures incl