Search

Zambia formalises Kikonge gold output in bid to boost revenues

Underground gold mine. Photo by April Vasquez @ Unsplash
Underground gold mine. Photo by April Vasquez @ Unsplash
  • Tripartite MoU tightens oversight of Kikonge gold production
  • Formalisation aims to lift revenues and cut leakages

 

LUSAKA, ZAMBIA – Zambia has signed a tripartite agreement to formalise gold production in Kikonge, tightening oversight as the country seeks stronger revenues and improved capacity to service its national debt.

The Memorandum of Understanding (MoU) brings together the government, the state’s investment arm and a private operator under a single governance framework to ensure gold output is properly recorded and reflected on the national balance sheet.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Industrial gas valves outdoors. Photo by David Brown @ Pexels
Will Tanzania's gas find deliver? Investors await proof
Read More »
Gold mine. Photo by István Mihály @ Pixabay
Is JPMorgan chasing Nigeria’s minerals? Banking strategy raises questions
Read More »
A vibrant market scene in Accra, Ghana. Photo by Zeal Creative Studios @Pexels
Can Ghana keep borrowing cheap? Investor demand softens
Read More »

Recent Politics

Fuel tanker truck navigating city roads. Photo @ Pexels
Can West Africa afford its rising fuel subsidies?
Read More »
Photo by Fran Ben @ Pixabay | Senegal
Can Senegal’s budget revolt derail its IMF rescue?
Read More »
A rusted tank at a war zone. Photo by Alen Bešlija @Pexels
Sudan’s drone war kills hundreds. Can diplomacy prevail?
Read More »

Latest Posts

Latest news insights