Mining activity on the Copperbelt of Africa in Zambia.
Author: The Editor
AtlasMara Head Office on Church road in Lusaka the capital.
Hydrological risks in Africa’s copper producer have heightened significantly following receding lake levels at the Kariba dam that has resulted in ebbing higher of the power deficit to 700MW. This was contained in a memo to staff from the power utility company’s Chief Executive Officers office. Zambia’s power bottlenecks have tripled from the 273MW reported earlier in June. The memo echoed the receding dam levels allowing for only 3 generators to fire 325MW to the grid which ZESCO intends to supplement with 300MW in imports from South Africa at a cost proposed to be passed onto consumers. Kariba dam lake…
Zambia Chamber of Mines – Mr Goodwell Mateyo speaks at an information sharing session on the recently published mining report.
With K1.6 billion into Thursday 12 September and a K833 million pipe line in maturities for next week Monday 16 September, the central bank in Africa’s copper producer Zambia. This is the second fully subscribed treasury bill sale of the year of the 19 debt sales. The Bank of Zambia were able to exceed their 20% quota above the offer amount of K950 million at K1.14 billion. Appetite was strong at K1.51 billion of which 76% was fully absorbed at cost with a skew towards the 1 year attractively priced at 27.5%. With very minimal latitude for yields to rise…
The Zambezi River at Songwe point gorge in Livingstone.
Mitwa Kaemba Ng’ambi, a Zambian, was recently appointed Chief Executive Officer of MTN in the ‘Singapore of Africa’ Rwanda. Having been in the telecom industry for over a decade, she expanded her horizons to West Africa, where she has lived and worked for the last five years. Steadily, her progression points her to jurisdictions closer to Africa’s copper hotspot, Zambia. Gravity seems to be pulling her closer to home. She penetrated the West African market serving in the C-suite, firstly in Benin as Chief Marketing Officer for MTN, later landing herself in the top seat at Tigo in Senegal. Her…
Road construction in Kawambwa. Zambia has been on an infrastructure expansionary path that has seen the copper producer embark on road projects with the aim of boosting growth.
A copper smelter in Africa’s red metal hotspot Zambia.
The world’s two wise men chat on the sidelines of the Jackson Hole meeting of central bankers in Wyoming. L-R Bank of England Governor Mark Carney and US Fed Chair Jerome Powell.