Mining Sector Anchors Zambia’s Forex Market in Q4 2025 By Ellen Hambuba Zambia’s mining sector has once again anchored the country’s foreign exchange market, injecting hundreds of millions of dollars into the economy. Bank of Zambia Governor Dr. Denny Kalyalya said mining remained the largest source of foreign exchange, selling over 400 million US dollars directly to the market in the fourth quarter of 2025. He noted that mining tax payments nearly doubled to 344.6 million dollars, pushing total
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Mining Sector Anchors Zambia’s Forex Market in Q4 2025 By Ellen Hambuba Zambia’s mining sector has once again anchored the country’s foreign exchange market, injecting hundreds of millions of dollars into the economy. Bank of Zambia Governor Dr. Denny Kalyalya said mining remained the largest source of foreign exchange, selling over 400 million US dollars directly to the market in the fourth quarter of 2025. He noted that mining tax payments nearly doubled to 344.6 million dollars, pushing total
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THE KWACHA, MINING & THE ECONOMY - Low copper production in 2023 adversely affected the exchange rate. Mining proceeds constitute over 90% of Zambia’s forex earnings. - We are on course to exchange rate stabilization. - Kansanshi & Lumwana are preparing to ramp-up production. - US$1 billion will be pumped in Luanshya shaft 28. - On KCM, a court determined creditor scheme of arrangement will be negotiated after which the asset will be handed over to Vedanta for pumping-in investment. - On Mopani,
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THE KWACHA, MINING & THE ECONOMY - Low copper production in 2023 adversely affected the exchange rate. Mining proceeds constitute over 90% of Zambia’s forex earnings. - We are on course to exchange rate stabilization. - Kansanshi & Lumwana are preparing to ramp-up production. - US$1 billion will be pumped in Luanshya shaft 28. - On KCM, a court determined creditor scheme of arrangement will be negotiated after which the asset will be handed over to Vedanta for pumping-in investment. - On Mopani,
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