update (21 August 2018): It is expected that Zambia Airways will take to the skies on 1 January 2019 and will operate 12 planes by 2028.
Africa's largest aviation group, Ethiopian Airlines from Ethiopia, and the Government of Zambia have finalized a shareholders agreement for the re-launch of Zambia Airways. The Government of Zambia will be the majority shareholder with 55% and Ethiopian Airlines will have 45% stakes in the airline. According to the press release, Zambia Airways is meant to initially serve national and regional destinations before embarking on international flights.
The establishment of multiple hubs in Africa has been a key strategy of Ethiopian Airlines under its Vision 2025. The flag carrier of Ethiopia currently operates hubs at Gnassingbé Eyadéma International Airport (LFW) in Lomé (Togo) with ASKY Airlines and at Lilongwe International Airport (LLW) in Lilongwe (Malawi) with Malawian Airlines.
Zambia Airways was the flag carrier of Zambia until the airline ceased operations in 1995. We'll keep you posted!