Zambia’s exports to India reach $475m of total $300b of the country’s global imports between 2015 and 2016.

Four African countries sharing the Lake Tanganyika basin are meeting in mid February in the Democratic Republic of Congo to discuss a joint exploration of oil and gas in the area.

Zambia’s Energy Regulation Board (ERB) has suspended fuel importation licenses for Oil Marketing Companies (OMCs) in public interest to allow for a smooth transaction before the Private Sector takes over the procurement of petroleum products.

Zambia's retail fuel prices fell early January due to subdued oil prices. The cut came after President Edgar Lungu said he expected to do so even as Brent crude climbed 13% in December 2016.

Zambia has signed four memoranda of understanding (MoU) with Russia, which will enable the southern African country to develop nuclear technology for peaceful purposes.

Tanzania and Zambia are to negotiate a new deal for transport of refined oil and natural gas. The talks will center around either modernizing the existing 1,710km Tazama pipeline or building a parallel pipeline for gas.

Tullow Oil will restart exploration and appraisal drilling at Kenya's prolific South Lokichar field in December where it saw an upside potential of over 1b barrels of recoverable oil.

Zambia and Angola will resume talks on the construction of a pipeline that would carry petroleum products from oil-rich Angola to major copper producer Zambia.

The retail price of petrol in Zambia would rise by nearly 39%, while the price of diesel would go up by 33%

Tanzania and the Democratic Republic of the Congo signed a memorandum of understanding for joint exploration and development of hydrocarbons in Lake Tanganyika.