Money Daily Zambia

$1 ≈ K17.29

12.06.26

📈 MONEY DAILY #461 | FRIDAY, JUNE 12, 2026

Today's top stories:

🔹 President Hakainde Hichilema calls for action-oriented reforms to drive jobs and investment
🔹 BOZ warns over rising non-performing loans among public workers
🔹 Economist proposes reducing SME turnover tax from 5% to 3%
🔹 CEEC takes empowerment programmes to rural communities
🔹 Zambia records over 97% participation in Eurobond tender offer
🔹 ZNS expands fish farming operations in Kafue

Plus more business, finance and economic news from Zambia and around the world.

📖 Read today's edition now, https://moneyfmradio.com/money-daily-issue-461-friday-june-12-2026/

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HH CALLS FOR ACTION ON REFORMS TO BOOST JOBS AND GROWTH

President Hakainde Hichilema has urged stronger collaboration between Government and the private sector, calling for the implementation of reforms that create jobs, attract investment and drive economic growth. Speaking at the Mid-Year Private Sector Day in Lusaka, he emphasized building strong institutions, investing in human capital and protecting key reforms such as free education.

The President said private sector-led growth is vital for competitiveness, exports and productivity, while encouraging businesses to seize opportunities under the AfCFTA. Government also pledged to streamline licensing processes, as stakeholders stressed the need for predictable policies, sustained reforms and a conducive environment for investment.

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BOZ WARNS OVER RISING BAD LOANS AMONG PUBLIC WORKERS

The Bank of Zambia has raised concern over the growing number of non-performing loans linked to public workers, warning that abuse of payroll-based lending arrangements could undermine financial stability. The central bank said some borrowers are obtaining credit outside payroll systems and exceeding approved borrowing limits.

BOZ noted cases of misrepresentation, non-disclosure of existing debts, and multiple borrowing across institutions, alongside weak lending practices by some financial institutions. It has directed lenders to strictly follow debt-service-ratio requirements and urged payroll administrators to strengthen controls and recovery mechanisms.

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ZAMBIA'S EUROBOND BUYBACK BOOSTS INVESTOR CONFIDENCE

An economist says Zambia’s successful tender offer for its restructured 2053 Eurobond, which secured 97.85% investor participation, reflects growing international confidence in the country’s economic recovery and debt management efforts. Investors tendered notes worth US$1.335 billion, signalling strong support for Zambia’s post-restructuring financial strategy.

Economist Kelvin Chisanga said the buyback will simplify Zambia’s debt profile, reduce long-term risks and strengthen debt sustainability. Funded through a US$600 million African Development Bank loan and government resources, the initiative is expected to improve Zambia’s reputation, support future market access and potentially lower borrowing costs.

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STANBIC BANK URGES FASTER REFORMS TO BOOST INVESTMENT AND LOWER BUSINESS COSTS

Stanbic Bank Zambia Chief Executive Mwindwa Siakalima has called for sustained economic reforms, accelerated debt restructuring and greater support for small businesses to help reduce the cost of doing business and attract more investment. He said Zambia’s peace, political stability and improving economic fundamentals continue to strengthen investor confidence.

Speaking at the Mid-Year Private Sector Day in Lusaka, Mr. Siakalima highlighted opportunities in mining, energy, agriculture and ICT. He also stressed the need for improved energy supply, efficient trade corridors and consistent policy implementation to drive growth, jobs and shared prosperity.

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ZNS TARGETS TOP SPOT IN LUSAKA FISH PRODUCTION

The Zambia National Service (ZNS) says its fish farming expansion project in Chanyanya, Kafue District, is on track to make the institution one of the largest fish producers in Lusaka Province within a year. The initiative follows a partnership with Golden Flow Investments Limited to develop large-scale fish farming and fish feed production.

ZNS Commander Lt Gen Maliti Solochi II said construction is progressing well, with 20 fish ponds set to be built monthly over the next six months. The project is expected to create jobs, boost aquaculture output, and strengthen Zambia’s food security through the development of more than 3,000 ponds over three years.

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SME TAX CUT TO 3% COULD BOOST LOCAL BUSINESS GROWTH, ECONOMIST SAYS

Economist Trevor Hambayi has urged government to reduce turnover tax for small and medium enterprises (SMEs) from 5% to 3%, arguing that the current tax burden limits the growth and competitiveness of local businesses. He said creating an enabling environment for SMEs starts with supportive policies and fair taxation.

Hambayi also called for stronger local content policies, greater incentives for Zambian businesses, and improved access to financing for startups and youth-led enterprises. He stressed that SMEs are key drivers of employment and urged reforms to unlock their full economic potential.

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📰 MONEY DAILY #460 | Thursday, June 11, 2026

Think Business. Stay Informed.

🔹 NAPSA responds to claims over the Lusaka–Ndola Road investment
🔹 Zambia achieves 97.85% participation in Eurobond buyback
🔹 Energy expert urges greater solar adoption
🔹 Government and private sector push for reforms to create jobs
🔹 Twin Palm Road upgrade works begin in Lusaka

Plus more business, finance and economic news from Zambia and around the world.

📖 Read today's edition now, https://moneyfmradio.com/money-daily-issue-460-thursday-june-11-2026/

GOVERNMENT BOOSTS FOOD SECURITY WITH AGRICULTURAL EQUIPMENT IN SAMFYA

Government has intensified efforts to improve food security and rural livelihoods in Samfya District, Luapula Province, through the distribution of farming equipment and agro-inputs under the Food Security Pack Programme. The initiative includes 16 hammer mills, a maize sheller, a hand-driven tractor and other inputs procured using recoveries from beneficiaries.

Luapula Province Permanent Secretary Prudence Chinama-Kangwa said the programme demonstrates accountability and community ownership. She noted that wetland cropping beneficiaries in the province have increased from 4,200 to 12,410, with the equipment expected to boost productivity, reduce post-harvest losses and strengthen household incomes.

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