
Copper and the Kwacha: How the Link Actually Works
Copper sets the kwacha, and the kwacha sets almost everything else in Zambia. The full chain explained - production, price, currency, inflation and your borrowing costs.
Analysis and reporting on Zambia’s business environment, markets, policy and economic outlook.

Copper sets the kwacha, and the kwacha sets almost everything else in Zambia. The full chain explained - production, price, currency, inflation and your borrowing costs.

Inflation, the kwacha, copper, interest rates, power and public debt - a plain-English guide to the numbers shaping Zambia in 2026 and what each one means for business.

Debt restructured to 94 per cent of perimeter, inflation at an eight-year low, and record harvests - set against a primary surplus falling by two-thirds and no successor…

Much of what Zambia counts as diversification is unprocessed minerals under another name. What the numbers actually show, and where diplomacy converts into diversified exports.

Rail carries 0.4 percent of Zambia export value. That single number frames the country strategic position better than any foreign policy statement.

Zambia does not have an access problem. It has a conversion problem. What economic diplomacy is, what machinery Zambia has, and the five reforms that would make it…

A K26.3 billion supplementary budget, softer demand for government paper and a rate cut, all within three weeks. What Zambia’s 2026 fiscal data reveals about the price of…

Capital does not fear bad policy as much as it fears changing policy. What Zambia’s last four years reveal about the measurable link between predictability, investment and jobs.