100 Kwacha Gazelle

Zambia's wildlife coinage of the 1990s was largely produced for the collector export market rather than domestic circulation, with the Bank of Zambia licensing designs through foreign minting intermediaries — a common arrangement among smaller economies seeking seigniorage revenue from bullion and proof issues. The Kwacha itself was under severe pressure throughout this period following IMF structural adjustment conditions imposed after Zambia's debt crisis of the 1980s.

KM#67a designates the silver variant, distinguishing it from a base-metal counterpart struck for the same type.