Zambian Business Times

01/10/2025

Airport taxes blamed
for high cost of fares

01/10/2025

S3: Keeping Zambia's Copper Story Alive

In August 2025, President Hakainde Hichilema visited Solwezi to officially commission the $1.2 billion S3 expansion at Kansanshi Mine. Beyond the ceremony, it marked a turning point in how the mine - and Zambia - can sustain copper production for years to come.

Diminishing Grades, Increasing Volumes
Kansanshi has been mined for more than a century. After 20 years of commercial operations by First Quantum, most of the easy, high-grade ore is gone. What remains is low-grade ore, which means far more rock must be moved to recover less copper.

To keep the mine alive, Kansanshi had to grow bigger. By 2029, when S3 reaches peak production, the mine will move 160 million tons of rock each year. Around 40 million tons will be ore, with the rest waste.

The new S3 process plant, home to some of the world's largest mills and crushers, is designed to handle this enormous volume. Its job is to break down and prepare the ore for smelting, ultimately enabling Kansanshi to keep producing copper at scale.

For Zambia, S3 secures more than just output. It means steady revenues from one of the country's biggest taxpayers, ongoing livelihoods for over 7,000 employees and thousands of contractors, and an anchor of Zambia's economic stability.

“We may not see the giant machines from our homes, but their work touches us all. S3 keeps Zambia's copper story alive - and with it, a future that sustains us all.”

01/10/2025

UAE reported gold imports from Zambia worth $1.7billion but Zambia reported producing gold worth only $120million in 2023

01/10/2025

$1.6 billion worth of illegal gold trade in 2023 can be traced, but complex, Zambia & UAE have a double tax agreement

A senior government official has confirmed that Zambia has a Double Taxation Agreement - DTA with the United Arab Emirates - UAE, which can be used to share and request transactions and tax-related information between the two countries. This was in response to a ZBT question on efforts made to widen the tax base to the booming gold business in Zambia and diversification of the country's revenue streams away from over-dependence on Copper.

The government official confirmed that the DTA with the UAE was signed in....Follow the link to read the full article https://zambianbusinesstimes.com/1-6-billion-worth-of-illicit-gold-trade-in-2023-can-be-traced-but-complex-zambia-uae-has-a-double-tax-agreement/

01/10/2025

Local coaches not appreciated – the case of
Bruce Mwape

01/10/2025

In this episode of Gen-preneur, Zambian Business Times features Banji & Valentine, a dynamic young couple who have transformed their passion for crocheting into a successful global business. Clownsclothing

They share their inspiring journey from humble beginnings to building an internationally recognized brand, exporting their unique creations worldwide, and making their mark on the fashion industry one stitch at a time!

Watch the full interview to discover their story and insights.

01/10/2025

01/10/2025

Which industry is in favour of the monthly fuel price adjustments apart from the ERB Board of Directors that have to meet monthly?

01/10/2025

Maamba's 100MW solar
project to cost $11m less
than State-Owned ZESCO’s Chisamba 100MW solar project

01/10/2025

Clifford Mulenga urges Patson Daka to leave Leicester City to redeem his career

30/09/2025

Airtel Africa Foundation unveils plan for improving 10 million lives in Africa by 2030