business

Lobito Corridor Secures Major Funding, Construction Set for 2026 in $5 Billion Trans-African Rail Push

New 1,300km Railway to Link DRC and Zambian Copperbelt to Angolan Coast, Reshaping Regional Export Logistics A landmark $753 million financing package has been secured for the initial phase of the Lobito Corridor railway project, clearing a critical path for construction to commence in 2026. With a total projected cost of up to $5 billion,

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Zambia Declares Fuel Supply Emergency as Middle East War Drives Pump Prices to Crisis Levels

The Zambian government has declared the current fuel supply situation a national emergency, approving a package of tax cuts and subsidies designed to shield citizens and businesses from a sharp surge in international crude prices driven by the continuing Middle East conflict. Information Minister Cornelius Mweetwa announced the measures on April 1st, saying cabinet had

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