Financial Insight

@AfricaGreenCo is proud to welcome Sanlam Alternative Investments as its first commercial private institutional shareholder, following a USD 10 million investment for a 10% stake in the business. As part of Sanlam Investments - one of Africa’s leading sustainability-driven asset managers - - this African institutional capital commitment affirms our conviction that Africa’s energy transition can and must be financed through creditworthy, commercially bankable market infrastructure built on the continent. The investment will support GreenCo as it continues to scale its integrated offtake, trading and portfolio optimisation platform across Southern Africa’s power markets. FULL DETAILS BELOW

𝟐𝟎𝟐𝟔 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐲𝐦𝐩𝐨𝐬𝐢𝐮𝐦 Bank of Zambia Governor Dr. Denny Kalyalya addressed delegates at the 4th Banking Industry Symposium in Lusaka today, highlighting the critical role of capital adequacy reforms, sovereign risk management, and currency legislation in maintaining financial stability. Key takeaway: Banking sector exposure to sovereign assets currently represents approximately one-third of total banking sector assets, reinforcing the close link between fiscal stability and financial sector resilience. “Strong currency legislation, together with robust capital buffers, forms the foundation of a resilient, stable, and inclusive financial system.” #BankingSector #FinancialInsight #Get2Know

𝟐𝟎𝟐𝟔 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐲𝐦𝐩𝐨𝐬𝐢𝐮𝐦 Guest of Honour Mr. Mulele M. Mulele, Permanent Secretary at the Ministry of Finance and National Planning, opened with a clear message: Zambia's financial sector must be stable, inclusive, and resilient, and no single institution can build that alone. Key stat: Financial inclusion in Zambia reached 80.1 percent in 2025, up from 69.4 percent in 2020. "Together, we must foster a financial ecosystem that promotes innovation, safeguards stability, expands inclusion, and accelerates Zambia's economic transformation." #BankingIndustry #FinancialInsight #Get2Know

Moments from the 2026 Banking Industry Symposium. Zambia and the region’s banking and financial sector, together in one room. #BAZ #StanbicBank #ZambiaFinance

𝟐𝟎𝟐𝟔 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐲𝐦𝐩𝐨𝐬𝐢𝐮𝐦 Happening today - the 2026 Banking Industry Symposium is live, and Zambia's top financial sector leaders are in the room. Mwindwa Siakalima, Chief Executive of Stanbic Bank Zambia and Chairperson of the Bankers Association of Zambia, has just delivered his opening address at the symposium convened under the theme: "Capital Adequacy and Currency Legislation: Implications for Financial Sector Health and Macroeconomic Development." Key highlights from his address: - Zambia's inflation is now within the target band of 6 to 8%, a hard-won milestone reflecting prudent policy and determined reform - New capital adequacy rules moved Zambia from Basel I to Basel II, effective 1st January 2026, strengthening the resilience of the banking sector - The Banking and Financial Services Act and the National Payment System Act were enacted by Parliament in April 2026, marking a significant step forward in the country's regulatory environment. - The Bankers Association of Zambia remains committed to working with Government, the Bank of Zambia, and cooperating partners to build a stronger, more inclusive financial system "A resilient financial sector mobilizes savings, channels credit to productive uses, and underpins a stable macroeconomic environment conducive to sustained, inclusive growth." — Mwindwa Siakalima, CEO, @StanbicBankZM and BAZ Chairperson The symposium is still ongoing. Follow this page to stay updated as the day's discussions continue. #CapitalAdequacy #ZambiaEconomy #FinancialInsight #Get2Know

#FinancialInsight #Get2Know

That's a wrap on #EnlitAfrica2026! Financial Insight's Mwelwa Kenneth Chibesakunda recaps Day 3 - regional integration, transmission investment & smart metering.

Live from Enlit Africa 2026 in Cape Town! Financial Insight Team Principal Mwelwa Kenneth Chibesakunda speaks with CEC’s Head of Business Development & Power Trading, Bwalya Mulenga, on unlocking Africa's energy potential. Mr. Mulenga emphasizes that tripling Zambia’s copper output requires tripling power capacity to 10GW+. To achieve this, governments must allow private players to invest in transmission lines, leveraging private capital for faster project delivery. He also touches on CEC’s growing solar footprint, regional power trading via the Zambia-DRC interconnector, and policy reforms reshaping the sector. Watch the full interview here @CECinvestor #EnergySector #FinancialInsight #Get2Know

"If at first you don’t succeed..." 🌍🏆- Prof. Gerald N. Okeke If you nominated for an AfriSAFE award in the past and didn’t take the trophy home—this is your sign to go for it again. Here is the truth: AfriSAFE is strong because its integrity is non-negotiable. As organizers, we have NO say in who wins. The decision rests with our independent panel of judges, based purely on merit, submitted verifiable evidence and your impact on African safety. And here is the good news: *Every single shortlisted nominee gets rewarded with an official recognition certificate at the main event!* Your hard work deserves to be celebrated on the big stage. Don't let your milestones go unnoticed. 👉 *Submit your nomination today:* afrisafe.org

𝗣𝗿𝗲𝘀𝘀 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁 ERB Approves 42 Licences, 5 Construction Permits and Inclusions to Licences Valued at ZMW 608million (US$ 380 million) The Energy Regulat:on Board (ERB) has approved forty-two (42) licences, five construction permits and various amendments to licences recording a total investment pledge of ZMW 608 million (US$30.4 million) towards energy services delivery and infrastructure development. The approvals cover electricity, renewable energy. and downstream petroleum broad-based expansion across Zambia's energy value chain. Granted during the ERB Licensing Committee meeting on 15th May 2026, these approvals highlight sustained investor confidence in the country's energy sector. Regarding downstream petroleum infrastructure, the ERB authorised the construction of three (3) new retail service stations and approved the commissioning of two (2) additional stations for operational use. These developments expand compliant petroleum infrastructure and improve nationwide access to petroleum products. Additionally, the ERB licensed forty-nine (49) petroleum transportation fuel tankers, reinforcing the petroleum supply chain, boosting national distribution capacity, and supporting supply security. The ERB also approved fourteen (14) kiosks for the retailing of Liquefied Petroieum Gas (LPG), further easing consumer access to this essential product. In the renewable energy subsector, the ERB approved a licence for I0MW Photovoltaic Power Generation Plant by China Jiangsu International Green Energy Limited. This approval supports sustainable energy systems in line With National energy policy objectives. Additionally, the FRB approved 10 licences for the manufacture, supply, installation, and maintenance of renewable energy generating equipment. All licences and permits were issued under the Energy Regulation Act No. 12 of 2019, ensuring full regulatory compliance. The ERB remains steadfast in its commitment to regulating the energy sector in the public interest, with a sustained focus on compliance, operational efficiency, consumer protection, and long-term sustainability

Register Now! cabinet.gov.zm/ppdf/ #GRZ #PPDF #IFC #MYPSD

The Public Private Dialogue Forum is pleased to invite you to the Mid-Year Private Sector Day [PSD] 2026, taking place on 11–12 June 2026 at the Mulungushi International Conference Centre, Lusaka. This year’s theme is “Driving Jobs and Shared Prosperity: Private Sector Steering Development and Growth.” You will join government, private sector leaders, regulators, and cooperating partners to review progress on business reforms, explore new investment opportunities, and discuss how the private sector can accelerate job creation and inclusive growth. Please register your participation using the link below: cabinet.gov.zm/ppdf/ Early registration helps us plan for seating, materials, and your participation in the sessions. We look forward to your active participation and to welcoming you at PSD 2026. #PrivateSectorDay2026 #PPDFZambia

PHOTO HIGHLIGHTS - TVS Motor Company TVS Motor Company is officially in Zambia, and CAMINEX 2026 on the Copperbelt is where Financial Insight caught up with them. The global two-wheeler giant has entered the Zambian market through a strategic partnership with local distributor Zamoto Manufacturing Limited, bringing 125cc and 150cc motorcycles alongside three-wheel tuk-tuks tailored for commuters, taxi operators, and last-mile delivery services. If you are at CAMINEX 2026, their stand is worth a visit. Stay tuned as Financial Insight brings you exclusive coverage from the show. #CAMINEX2026 #TVSMotors #MediaMachine #FinancialInsight #Get2Know

PHOTO HIGHLIGHTS - K-Solutions Limited Financial Insight brings you exclusive photo highlights from CAMINEX 2026 on the Copperbelt, Zambia. On the ground with K-Solutions Limited, a proudly Zambian owned company headquartered in Kitwe, led by professionals with excellent business background and experience. Their main focus is delivering technical services to the mining and manufacturing industry across Central Africa. If you are at CAMINEX 2026, their stand is worth a visit. Stay tuned as we bring you exclusive coverage from CAMINEX 2026. #CAMINEX2026 #MediaMachine #FinancialInsight #Get2Know

𝐅𝐎𝐑 𝐈𝐌𝐌𝐄𝐃𝐈𝐀𝐓𝐄 𝐑𝐄𝐋𝐄𝐀𝐒𝐄 𝐑𝐨𝐜𝐤𝐞𝐟𝐞𝐥𝐥𝐞𝐫 𝐅𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐬 𝐎𝐯𝐞𝐫 𝐔𝐒$𝟏𝟑𝟑 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐀𝐟𝐫𝐢𝐜𝐚, 𝐒𝐮𝐩𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐙𝐚𝐦𝐛𝐢𝐚’𝐬 𝐄𝐧𝐞𝐫𝐠𝐲 𝐅𝐮𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐀𝐟𝐫𝐢𝐜𝐚𝐧-𝐥𝐞𝐝 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 Lusaka, Zambia | 18 May 2026 – At a time when global development aid is facing unprecedented cuts, The Rockefeller Foundation is doubling down on Africa — investing more than US$133 million across 66 initiatives on the continent, including efforts helping to expand access to electricity in Zambia and strengthen African-led solutions in health, food systems, and economic resilience. Released through its 2025 Impact Report, Big Bets, Real Results, the Foundation revealed that it awarded over US$350 million globally, mobilised US$3 billion, and positively impacted 731 million people worldwide — with Africa remaining a major focus of its work. For Zambia, the report highlights progress under Mission 300, an ambitious initiative aimed at connecting 300 million Africans to electricity by 2030. In rural Eastern Zambia, where many small businesses have historically relied on costly diesel power, improved electricity access is already transforming livelihoods and unlocking economic opportunity. “Reliable energy is not just about switching on lights — it powers businesses, improves education and healthcare, and creates opportunity,” said William Asiko, Senior Vice President and Head of The Rockefeller Foundation’s Africa Regional Office. “In Zambia and across Africa, we are seeing how locally driven partnerships can deliver real and lasting impact.” 𝐙𝐚𝐦𝐛𝐢𝐚’𝐬 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐭𝐨𝐫𝐲: 𝐏𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐆𝐫𝐨𝐮𝐧𝐝 𝐔𝐩 For many entrepreneurs in rural Zambia, unreliable and expensive power has long been a barrier to growth. Through partnerships supporting Mission 300, communities are beginning to access cleaner, more affordable electricity — helping businesses reduce costs, improve productivity, and build resilience. Across Africa, the initiative has already connected more than 44 million people to electricity, with 30 countries advancing national energy plans to accelerate access. According to The Rockefeller Foundation impact content on Zambia’s energy work in Eastern Province (Petauke district), the energy infrastructure highlighted is a 100-kilowatt-peak (100 kWp) solar mini-grid in Kandongwa, operated by ENGIE Energy Access. Total output: 100 kWp (solar generation capacity) It serves approximately 300–400 homes and businesses in the area. If you’re using this in a report or presentation, you could phrase it as: “The Rockefeller Foundation-supported energy infrastructure in Eastern Province, Zambia, includes a 100kWp solar mini-grid in Petauke District, providing electricity access to approximately 300–400 homes and businesses.” 𝐒𝐮𝐩𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐀𝐜𝐫𝐨𝐬𝐬 𝐊𝐞𝐲 𝐒𝐞𝐜𝐭𝐨𝐫𝐬 The report also highlights broader African impact: 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧𝐢𝐧𝐠 𝐇𝐞𝐚𝐥𝐭𝐡 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐢𝐧 𝐖𝐞𝐬𝐭 𝐀𝐟𝐫𝐢𝐜𝐚 More than 100 disease outbreaks have been detected early through stronger laboratory systems and surveillance networks supported by The Rockefeller Foundation and partners, helping prevent future epidemics. 𝐈𝐦𝐩𝐫𝐨𝐯𝐢𝐧𝐠 𝐍𝐮𝐭𝐫𝐢𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐒𝐜𝐡𝐨𝐨𝐥 𝐌𝐞𝐚𝐥𝐬 𝐢𝐧 𝐆𝐡𝐚𝐧𝐚 Partnerships with the World Food Programme are helping schools source nutritious food locally while creating stronger markets for smallholder farmers. 𝐁𝐨𝐨𝐬𝐭𝐢𝐧𝐠 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐚𝐥 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 Digital tools like FarmerChat, an AI-powered farming app, are helping farmers across Africa—including Nigeria, Ethiopia, and Kenya—access real-time advice to improve productivity and adapt to climate change. 𝐂𝐞𝐥𝐞𝐛𝐫𝐚𝐭𝐢𝐧𝐠 𝟔𝟎 𝐘𝐞𝐚𝐫𝐬 𝐢𝐧 𝐀𝐟𝐫𝐢𝐜𝐚 This year also marks 60 years of The Rockefeller Foundation’s Africa Regional Office, reinforcing its long-standing commitment to supporting African leadership and investing in solutions designed by Africans, for Africans. “As development priorities evolve globally, Africa’s future will increasingly depend on homegrown leadership, stronger institutions, and catalytic partnerships,” added Asiko. “That is where we believe philanthropy can make the greatest difference.” 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐞 𝐑𝐨𝐜𝐤𝐞𝐟𝐞𝐥𝐥𝐞𝐫 𝐅𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧 The Rockefeller Foundation is a global philanthropy committed to promoting the well-being of humanity. Over the past 113 years, the Foundation has invested more than US$30 billion in initiatives that improve access to energy, food, health, and financial opportunity around the world.