Zambia

Zambia's chances of a bailout from the International Monetary Fund following its default on its Eurobond coupon payments are looking bleak, in spite of conciliatory words from a hi...

National politics and geopolitics are set to scupper any attempts to resolve the crisis over Zambia's more than US$12 billion foreign debt. There is little sign that President Edga...

The operator of the country's only coal-fired power station, Maamba Collieries Ltd., has opened arbitration proceedings with Zambia's state-owned electricity utility Zesco to recov...

Deteriorating relations between the holders of Zambia's $3 billion Eurobonds and the government after its 22 September request for a six-month suspension of coupon payments point t...

The government's request on 22 September to holders of its US$3 billion of Eurobonds for a six-month suspension of repayments will have political repercussions as well as the finan...

Giving no reason, President Edgar Lungu sacked the respected governor of the central bank, the Bank of Zambia, Denny Kalyalya, replacing him with Christopher Mvunga, formerly Deput...

Once one of President Edgar Lungu's closest allies and considered by many his most likely successor – or at least his running mate in next year's general election – Chitalu Chilufy...

As so often in Zambia's elections, the Copperbelt will be decisive in next year's general elections and President Edgar Lungu's Patriotic Front (PF) is facing an uphill battle ther...

After stopping payments on several commercial loans this year, Zambia is set to default on its US$3 billion Eurobonds, now trading at 'distressed debt' levels, with yields over 50%...

Finance Minister Bwalya Ng'andu's January request for a funded programme from the International Monetary Fund may be in danger from continued borrowing beyond the Treasury's contro...