Zambia Urges Mining Firms to Channel Tax Payments Toward Debt Repayment and Development

The Zambia government has introduced new regulatory measures encouraging mining companies to pay taxes in a way that supports national debt repayment and long-term development priorities.

Speaking on the policy shift, Zambia’s Minister of Finance, Situmbeko Musokotwane, said the updated framework allows revenue generated from the mining sector to be directed toward servicing loans extended by key international partners, including China and the United States.

Musokotwane noted that the reforms are designed to ensure that mining revenues contribute more directly to economic development projects while supporting broader fiscal stability. He emphasised that the government is seeking to strengthen accountability in the use of public funds and align mining-sector income with national growth objectives.

“The intention is to ensure that resources generated from mining are used responsibly and in line with Zambia’s development priorities,” he said, adding that the approach would also reinforce cooperation with countries providing financial assistance.

Commenting on the development, journalist Ziyenela Zimba said the move signals a stronger push by government to ensure that mining companies play a more meaningful role in national development. He added that clearer tax mechanisms could improve transparency and help channel funds into infrastructure and other priority projects.

Mining remains a central pillar of Zambia’s economy, and the government has repeatedly highlighted the sector’s importance in supporting debt sustainability, economic recovery, and long-term growth.