Economy
TU Experts Compiled the List of the Best Forex Brokers in Zambia for 2023

Selecting the right broker is crucial for trading in financial markets as it directly impacts the security of funds, potential profits, and trading opportunities. Traders in Zambia can make an informed choice by assessing brokers comprehensively. TU analysts have conducted a review of the Best Forex Brokers in Zambia for 2023, comparing and selecting five popular companies in the country.
Exploring the best brokers in Zambia
The experts at Traders Union have conducted a comparative analysis of a number of Forex brokers in Zambia. Below are some of the top-rated Forex brokers in Zambia:
- RoboForex
RoboForex offers attractive bonus programs, including a $30 Welcome Bonus for traders depositing $10 or more. Additionally, they offer a typical bonus of up to 120% on both the initial deposit and subsequent account replenishments. Additional bonuses include 5%-15% cash back on fees based on trading volume and extra 10% funds for more than 1,000 trades.
- Tickmill
Tickmill caters to both novice and professional traders with different account types. Their Classic account is suitable for beginners, offering a transparent spread without fees. The Pro and VIP accounts are professional ECN accounts with near-zero spreads, instant order execution, and a fixed fee per lot, catering to high-frequency trading strategies. The minimum deposit for Classic and Pro accounts is $100.
- XM Group
XM Broker is a top choice for professional traders due to its high order processing speed and optimal commission levels. It holds licenses from four leading regulators, including ASIC, FSC, CySEC, and DFSA. The broker offers various account types with consistent execution quality, minimal requotes, slippages, and instant order matching. Leverage adheres to European standards, and the maximum leverage for EU-regulated clients is 30:1. Novice traders will find attractive conditions, with a minimum deposit of $5 and cent accounts available.
- Pepperstone
The advantageous trading conditions offered by Pepperstone, which include spreads that begin at 0.0 pips and a minimum trade volume of 0.01 lots, make it stand out. With over 1200 trading instruments and fast trade execution (30 ms on average), Pepperstone is attractive to traders. According to TU experts, the platform also supports auto-copying of trades.
- 5Fusion Markets
5Fusion Markets offers leverage ranging from 1:30 to 1:500, depending on the jurisdiction and account type. While it may not have the widest range of trading tools, the broker provides opportunities to evaluate their services through a demo account.
Selecting the Right Forex Broker in Zambia
Choosing the right Forex broker in Zambia requires careful consideration. Start by checking the broker’s regulatory compliance and reputation. A reliable broker should have a transparent track record and demonstrate commitment to fair practices.
Evaluate the broker’s trading platform and tools, ensuring it meets your trading needs and supports the instruments and strategies you plan to use. Consider the range of tradable assets offered and compare trading costs and fees.
Security measures and fund protection are essential, so opt for brokers with segregated client accounts and encryption technology. Lastly, TU analysts recommend assessing the level of customer support and service provided by the broker. Prompt and helpful support can be crucial in addressing technical issues and queries.
Trading Without Investing
While Forex trading usually requires an initial investment, some brokers offer no-deposit bonuses that allow traders to start trading with limited funds provided by the broker. One example is RoboForex, which offers a $30 Welcome Bonus for new account holders.
However, these bonuses come with terms and conditions, so traders must carefully review them before participating.
Conclusion
Choosing a reliable Forex broker is of utmost importance for traders in Zambia to ensure a successful and secure trading experience. The selection process can be daunting due to the multitude of options available in the market. Traders Union’s review of the Best Forex Brokers in Zambia for 2023 provides a valuable resource for traders, as it offers a comprehensive analysis of the top brokers in the country. By carefully examining the pros and cons of each broker, traders can make informed decisions and find a brokerage that aligns with their trading goals and preferences, thus maximizing their chances of success in the dynamic and competitive Forex market.
Economy
How Colocation Provider Services Enhance the Crypto Mining Process

When it comes to scaling up Bitcoin operations, every miner hits a wall sooner or later. Whether it’s rising energy bills, cooling issues, or limited rack space, home setups just don’t cut it at scale. That’s where colocation Bitcoin solutions step in, offering industrial-grade infrastructure without the headache of building a data center from scratch. For many crypto miners, this has become a game-changer.
Cryptocurrency Mining Explained
At its core, cryptocurrency mining is the process of validating transactions and adding them to the blockchain ledger. Miners compete to solve complex mathematical puzzles using powerful hardware, like ASICs (Application-Specific Integrated Circuits). Once a solution is found, it’s broadcast across the network, and the miner gets rewarded in crypto.
But this isn’t something you can pull off with a basic laptop. Running a profitable mining operation demands serious horsepower and reliable uptime, especially when you’re dealing with blockchain technology and its nonstop, decentralized nature.
How Colocation Facilities are Used in Crypto Mining
Colocation facilities are specialized data centers where miners can house their mining rigs. Instead of hosting hardware in a garage or warehouse, miners rent space in these facilities that already offer high-end cooling, power redundancy, and lightning-fast connectivity. This is ideal for running blockchain workload management tasks that require stable environments.
More importantly, colocation sites are often located in regions with access to cheaper electricity, significantly lowering the energy consumption in mining, a major factor for profitability. And for those managing Bitcoin nodes, colocation facilities provide the uptime and security needed to ensure uninterrupted participation in the network.
Colocation Benefits for Miners – Why are They Becoming Popular?
The list of colocation benefits for miners keeps growing. One of the biggest is reduced overhead. There’s no need to worry about cooling systems, fire suppression, or backup generators — the colocation provider services take care of it all. This lets miners focus purely on maximizing hash rates and ROI.
Then there’s mining hardware management. These facilities often have on-site technicians who can perform reboots, monitor temps, or even swap out malfunctioning units. This kind of hands-on support is critical when running dozens (or hundreds) of rigs.
We also can’t overlook data center security. Physical and cyber security in colocation centers is top-notch, from biometric access controls to round-the-clock surveillance. For anyone holding significant mining assets, that peace of mind is worth its weight in Bitcoin.
In the fast-moving world of crypto, infrastructure can make or break your mining game. Colocation isn’t just for enterprise giants anymore — it’s becoming the go-to solution for solo miners and small firms looking to scale without blowing their budget. With better uptime, lower costs, expert support, and hardened security, colocation facilities are proving essential in today’s mining landscape.
Economy
NIPOST, KLM Royal Dutch Airlines Seal Logistics Deal

By Adedapo Adesanya
The Nigerian Postal Service (NIPOST) and the KLM Royal Dutch Airlines have signed a direct international mail partnership to boost delivery and ease bottlenecks around Nigerian logistics.
The Postmaster General of NIPOST, Mrs Tola Odeyemi, confirmed this agreement between both parties, describing its as a milestone in many years.
According to Mrs Odeyemi, NIPOST operated without any direct partnerships with international airlines, relying heavily on multiple third-party handlers, resulting in delays, higher costs, and uncertainty around the delivery of packages.
“With this new partnership, KLM will now handle our outbound international mail directly, with no middlemen involved,” she wrote in the announcement on X, formerly, known as Twitter, noting that the deal will bring faster and more reliable delivery, reduced risk of loss or damage, lower handling charges, and access to over 200 countries through KLM’s global network.
KLM Royal Dutch Airlines is the national carrier of the Netherlands and offers services – passenger and cargoes – to 164 destinations worldwide and boasts about 116 aircrafts as of 2025.
“This breakthrough is possible because we have begun clearing longstanding debts owed to international carriers. We are actively working to rebuild global trust, and this partnership is only the first of many doors that will reopen,” she added.
She also noted that NIPOST is currently in strategic discussions with Ethiopian Airlines to serve African and Eastern routes, further strengthening the country’s regional and continental logistics framework.
“Our goal is clear and unwavering: to connect Nigeria regionally and globally, efficiently, securely, and affordably,” she noted.
The NIPOST chief also noted that the development serves as a major win for Nigerian businesses especially Small and Medium Enterprises (SMEs).
According to her, some of the benefits cover those who export goods, or sell products online, as it introduces quicker, more affordable international shipping, greater peace of mind with improved reliability, and new potential to reach and grow in global markets.
“I remain grateful to the incredible teams working diligently behind the scenes, and to every Nigerian who continues to believe in our mission. We are not just delivering mail, we are delivering solutions and moving Nigeria forward,” she added.
Economy
NGX Prevents Investors from Trading Golden Guinea Breweries Shares

By Dipo Olowookere
For now, investors will no longer be able buy or sell shares and securities of Golden Guinea Breweries Plc on the floor of the Nigerian Exchange (NGX) Limited.
This is because the stock exchange has suspended the beer maker due to its failure to file its financial statements for the 2024 fiscal year despite.
Companies listed on the local bourse are required as stipulated in the listing rules to submit their financial results within a certain period and when this is breached, the necessary sanctions are meted out on them.
As for Golden Guinea Breweries, it violated Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, (Default Filing Rules), which necessitated the NGX to wield its big stick on the firm.
Trading in the equities of Golden Guinea Breweries was suspended last Tuesday via a notice to the investing community.
Investors will only be able to trade the company’s stocks and other securities when the financial statements are released for the perusal of the investing public.
“Trading license holders and the investing public are hereby notified that pursuant to the provisions of Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, (Default Filing Rules), which states that, If an Issuer fails to file the relevant accounts by the expiration of the Cure Period, the exchange will: a) send to the issuer a second filing deficiency notification within two business days after the end of the cure period; b) suspend trading in the issuer’s securities; and c) notify the Securities and Exchange Commission (SEC) and the market within 24 hours of the suspension.
“Trading in the shares of Golden Guinea Breweries Plc has been suspended from the facilities of Nigerian Exchange Limited effective Tuesday, May 6, 2025, for not filing its Unaudited Financial Statements for the period ended December 31, 2024.
“In accordance with the default filing rules set forth above, the suspension of trading in the shares of the company shall be lifted upon the submission of the relevant financial statements,” the notice read.
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