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Zambia

Zambia

Population: 16.59 mn.
GDP: $25.81 bn.
Debt: $17.09 bn.

news from Zambia

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Found 245 articles.

Displaying 1-10 out of 245 results.

The default is mine

Zambia has defaulted again on its €97 million (US$107m) loan from Italian bank Intesa San Paolo for the purchase of two C27J twin-engined military transport aircraft from Ital...


Intrigue at State House

A coterie of colourful advisors around President Lungu is competing for influence and contracts

Tussles for supremacy among President Edgar Lungu's key advisors have claimed scalps in his ever-smaller inner circle. One of the most important was that of former journalist Amos ...


Failing power

Zambia is on the brink of an energy crisis that threatens to hike tariffs for consumers already feeling the economic hardship caused by the country's rocketing debt service bill. L...


The China price

Facing corruption probes and resource nationalism, Western mining companies are quitting the Copperbelt

Producing 70% of the world's cobalt, an essential component of electric car batteries and mobile phones, Africa's Copperbelt is in the midst of a sweeping transformation. Seeking t...

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Off the case

The dismissal of Zambia's embattled Minister of Finance, Margaret Mwanakatwe, on 14 July came as no surprise, although a few eyebrows were raised at the choice of Sunday night for ...


Lungu to change basic law

President Edgar Lungu's government has proposed sweeping changes to the Zambian constitution that critics say are aimed at reducing scrutiny and improving his chances of retaining ...


Little cash, no credit

The liquidity crisis continues while the exchequer has a different kind of problem with liquids to deal with

The government's chronic shortage of cash has resulted not only in late payment of salaries for public servants, but also in a four-week default on a large loan repayment for new e...


Treasury in the red

The liquidity problems are getting worse and state asset sales are looking more likely as a last resort to avoid debt default

The lavish spending and borrowing of President Edgar Lungu's government is starting to catch up with it. Africa Confidential has learned that in March, it had to raid the state pen...


Flight of fancy

President Edgar Lungu's brand new Gulfstream G650 business jet arrived on 28 February and is parked in a purpose-built hangar at Lusaka international airport, which now boasts a ne...


Cash in the cabinet

President Lungu has chosen not to dismiss a minister after police found millions of dollars’ worth of cash in his home

Two weeks after his arrest on corruption charges, Zambia's Infrastructure Minister Ronald Chitotela remains in President Edgar Lungu's cabinet. After a tip-off from the Anti-Corrup...


Displaying 1-10 out of 245 results.