AFREEQUE
Top stories
Football
🇿🇲 ZambiaBusiness

Zambia launches $213 million vaccine plant project

By , based on Lusaka Times

Zambia launches $213 million vaccine plant projectIllustrative image · SHVETS production · Pexels · Licence Pexels

Zambia’s state-owned Industrial Development Corporation and Chinese company Jijia International Medical Technology have signed an agreement to create ZAMVAX Limited, a vaccine plant valued at $213 million. The project aims to strengthen local production and health security in Zambia, according to information presented at the signing in Lusaka.

Share this article

Related stories

Zambia receives 200 beds to improve maternal care

Zambian First Lady Mutinta Hichilema received 200 hospital beds donated by the Chinese Chamber of Commerce in Zambia to support maternal care. The donation also includes 200 sewing machines intended to strengthen women’s skills, she said at the handover in Lusaka, according to the Lusaka Times.

🇿🇲 Zambia · Source: Lusaka Times ·

Zambia launches $1.6bn expansion of urea plant

Zambian President Hakainde Hichilema launched the second phase of the expansion of United Capital Fertiliser’s urea plant in Lusaka, a project valued at $1.6 billion. He warned that public officials responsible for delays to projects and tenders would be held accountable, Mwebantu reports.

🇿🇲 Zambia · Source: Mwebantu ·

Hussein Mwinyi launches Tanzanian magazine for South Korean investors

Zanzibar President Hussein Mwinyi launched Tanzanite in Seoul, a magazine published by Tanzania’s embassy to showcase the country’s investment, trade and tourism opportunities. The publication aims to strengthen exchanges with South Korea, according to Tanzanian daily newspaper Daily News.

🇹🇿 Tanzania · Source: Daily News ·

Zambia probes 222 million-kwacha money-laundering network

Zambia’s Financial Intelligence Centre is investigating an alleged cross-border money-laundering network after detecting more than 222 million kwacha and $5.7 million received by a company over three months. Its annual money-laundering trends report describes companies with varied activities allegedly used to move funds between countries, according to the centre.

🇿🇲 Zambia · Source: News Diggers ·

🇿🇲 Latest from Zambia

Moody’s raises Zambia’s debt rating to Caa1Moody’s raises Zambia’s debt rating to Caa1Moody’s has raised Zambia’s sovereign rating from Caa2 to Caa1 and maintained a positive outlook, citing sustained improvement in the public debt trajectory. The agency announced the decision on 30 October 2026; the country still spends about 35% of its public revenue on interest payments, according to Moody’s.All Zambia news →

Business in Southern Africa

US confirms South Africa’s removal from AGOA in 2027US confirms South Africa’s removal from AGOA in 2027The United States has confirmed its intention to exclude South Africa from the AGOA trade programme, a measure due to take effect in January 2027. US Ambassador Jamieson Greer attributes the decision to South African policies, while Pretoria disputes Washington’s concerns.All Business news →

The week in Africa

This week’s highlights

  1. Iran proposes reopening Strait of Hormuz within two days🇮🇷 Iran
  2. MINURSO liquidation begins in the Sahara after mandate ends🇲🇦 Morocco
  3. FBI attributes Binance hack to North Korea🇰🇵 North Korea
  4. Cameroon and three neighbours coordinate fight against cholera, Ebola and mpox🇨🇲 Cameroon
  5. Gauteng water networks lose one billion litres a day🇿🇦 South Africa
All of this week’s highlights →

Africa in your inbox

Be the first to get our letter in English: the essentials from every region of the continent, free.

← Back to the news