Government Cracks Down on Acid Spill Crisis

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Mposha

The Zambian government has initiated an independent investigation into the acid spillage in the Mwambashi and Kafue rivers, which occurred on 18 February 2025 in Copperbelt Province. The Ministry of Green Economy and Environment aims to assess the environmental and economic impact and identify measures to prevent future incidents.

Zambia and Egypt Deepen Economic Ties Through Bilateral Agreements

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HH

In a bid to strengthen economic cooperation, President Hakainde Hichilema of Zambia held high-level bilateral talks with Egyptian President Abdel Fattah el-Sisi, focusing on trade, investment, and knowledge exchange across key economic sectors.

The discussions underscored Egypt’s advancement in infrastructure, tourism, agriculture, and health areas where Zambia aims to leverage Egyptian expertise to drive economic growth. Both leaders emphasized the need for expanded collaboration between public and private sectors, to foster cross-border investment opportunities.

High Taxes Threaten Zambia’s Gemstone Industry Despite Export Duty Relief

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Alexander Chikwanda

The Zambian government has suspended the 15% export duty on gemstones and precious metals but retains key taxes to sustain revenue. A 6% mineral royalty tax, higher than Brazil’s 2% and Colombia’s 2.5%, and a 30% corporate income tax remain in effect.

Finance Minister Dr. Situmbeko Musokotwane emphasized Zambia’s role as a top global gemstone exporter. The 15% export duty, introduced in 2019 to encourage local value addition, was suspended in 2020 and remains lifted to maintain industry competitiveness.

Toxic Spill Sparks Water Crisis in Kitwe

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Collins Nzovu

A major water contamination incident has disrupted supply in Kitwe and Kalulushi. The pollution, traced to Sino Metals Leach Zambia Limited, resulted from a breached tailings dam, releasing acidic effluent with heavy metals into the Mwambashi River.

Hon. Eng. Collins Nzovu, Minister of Water Development and Sanitation, confirmed that 75% of leach residue entered the river, affecting thousands of residents, damaging crops, and killing fish.

Zambia Scraps Export Duty on Precious Stones and Metals to Boost Trade

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Alexander Chikwanda

The Zambian government has announced the suspension of export duty on precious stones and metals, a move aimed at stimulating the mining sector and increasing international trade competitiveness. This development follows the issuance of Statutory Instrument No. 4 of 2025, titled The Customs and Excise (Precious Stones and Metals) (Export Duty) (Suspension) Order, 2025.