Zambia formalises Kikonge gold output in bid to boost revenues

• 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.