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Derrick Silimina is a journalist based in Lusaka, Zambia.
Portfolio
IMF/World Bank annual meeting kicks off
Zambia's Finance and National Planning Minister, Situmbeko Musokotwane, leads a delegation to the 2024 Annual Meetings of the International Monetary Fund and the World Bank Group in Washington DC. The delegation aims to promote investments in key sectors and enhance social sector spending. The meetings are seen as an opportunity to engage with development partners and investors to support Zambia's economic recovery and growth. The delegation will participate in various events and hold bilateral talks with IMF and World Bank officials, focusing on cooperation and investment opportunities. The Zambian government emphasizes sustainable economic development and avoiding unsustainable debt.
ZDA leads over 40 companies on a trade mission to DRC
The Zambia Development Agency (ZDA) is spearheading a trade mission to the Democratic Republic of Congo, involving over 40 Zambian companies from diverse sectors. The mission aims to enhance Zambia's non-traditional exports and secure market access in the DRC. ZDA Director General Albert Halwampa emphasized the importance of deepening trade relationships and creating employment opportunities. The mission includes exhibitions and business meetings, coordinated with the Congolese government and the Chamber of Commerce in Lubumbashi. Previous missions have been successful, generating significant trade leads and transactions.
Landmark Industrialization Agenda
The Zambian government has launched the '2,000 Desk project' in Solwezi to address the lack of school furniture and empower youth through skills training. Supported by Kansanshi Mining and the Solwezi Trades Training Institute, the initiative aims to create jobs and promote local industrialization. The project aligns with Zambia's development goals and has already engaged students in metal fabrication and carpentry. Stakeholders express optimism about its potential to reduce poverty and enhance community empowerment.
The rise of a Solwezi film
Shadreck Mfwana, a film maker from Solwezi, began his journey in 2007 and faced initial challenges, including a failed film attempt in 2016. After completing a business development training program by Kansanshi Mine Limited, he gained marketing skills and expanded his business. Mfwana now offers various film-related services and has worked on projects for Zambezi Magic. He acknowledges the film industry's profitability but notes the need for significant capital investment. He expresses gratitude to Kansanshi Mining Plc for their support and aims to continue growing his enterprise.
ZDA, TFO host Buyer–Seller meeting
The Zambia Development Agency and the Trade Facilitation Office Canada have organized a meeting to facilitate export contracts between Zambian women-owned agribusinesses and South African buyers. Thirteen Zambian SMEs, trained in export readiness, are participating. The initiative is part of the Women in Trade for Sustainable and Inclusive Growth project, aiming to empower women in agriculture and other sectors. The collaboration has led to significant training and market access opportunities, emphasizing the strategic economic importance of empowering women exporters in Africa.
Dialogue on mine policy reforms underway
The Zambian Government is actively engaging in dialogue with stakeholders to address policy reforms in the mining sector. A recent meeting under the Public Private Partnership Dialogue Forum focused on the draft Minerals Regulation Commission Bill, resolving most issues except clause 15. The Zambia Chamber of Mines is working with the Government to amend this clause, aiming for economic transformation. Both parties are committed to continued dialogue to address regulatory concerns.
Kalumbila golf championship tees off
The Kalumbila district hosted a junior golf championship at the Trident Country Club, organized by FQM Trident Limited. The event, part of a growing junior golf program, featured 80 young golfers aged 4 to 15. FQM Trident's support, through the Trident Foundation, has been instrumental in the program's success, with team captain Beza Daka expressing gratitude and hopes for its continued growth. The initiative aims to teach life skills through golf and foster sports development in the region.
Meats from birds
Chicken is a popular meat in Africa, but much of it is imported due to a lack of local production capabilities. In Zambia, the Ministry of Fisheries and Livestock is promoting local poultry farming, highlighted by the recent Zambian International Poultry Exposition (ZIPEX) in Lusaka. The event aimed to foster networking and innovation within the industry. Key figures like Makozo Chikote and Daimone Siulapwa expressed optimism about the sector's growth, while Dominic Chanda highlighted challenges such as import duties on equipment.
ZNFU nods increase of Agric finance facility
The Zambia National Farmers’ Union (ZNFU) welcomes the government's decision to increase the agricultural financing facility from K400 million to K1.2 billion for the 2024/25 farming season, aiming to support a broader range of agricultural activities. ZNFU President Jervis Zimba highlights the importance of this development for farmers who have been struggling financially. The number of participating financial institutions has also increased, enhancing access to financing. Additionally, the ZNFU acknowledges the government's efforts to diversify the energy mix, including the construction of a thermal power plant and solar projects spearheaded by ZESCO Limited and partners.
Zambeef shareholding remains unchanged
Zambeef Products PLC has clarified that its shareholding structure remains unchanged despite rumors of a takeover by British International Investments (BII). The company reiterated that BII acquired shares in 2016, and the conversion rights on preference shares have increased but have not been exercised. Zambeef emphasized its commitment to transparency and will update stakeholders through official channels if any changes occur.
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