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Zambia

Zambia

Population: 16.59 mn.
GDP: $21.06 bn.
Debt: $9.54 bn.

news from Zambia

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Found 225 articles.

Displaying 1-10 out of 225 results.

Squeaking in and cutting back

The Patriotic Front is crowing over its narrow defeat of the United Party for National Development (UPND) in a by-election in the swing constituency of Chilanga, just outside Lusak...


Debt spike threatens reserves

The uncontrolled borrowing by the Lungu circle is growing too large to cover up

Having said it was certain of its figures, Zambia's Ministry of Finance has once again revised its external debt upwards, from US$8.7 billion to $9.1 bn. While its debt continues t...


A swirling fog of debt

The government is suspected of dishonestly reporting its debts, as it chases every last ounce of credit

Creditors, investors and the opposition believe President Edgar Lungu's management of national finances is plunging the country into a debt crisis. The Ministry of Finance issues d...


As the debts balloon, Lungu avoids the spotlight

The finance minister starts crisis talks with the IMF after the government fails to convince creditors

As leaders of the 53 Commonwealth member states gathered in London for the 15-17 April summit, one African head of state was conspicuously absent. Amid growing concern that Zambia'...

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Into the valley of debt

Edgar Lungu's government has no plans to stop spending, but the amount that it owes is rapidly growing beyond control

Demands for clarity on Zambia's national debt are intensifying, as the standoff with the International Monetary Fund continues and senior figures in government fear a Zimbabwe-styl...


Judges to rule on Lungu's future

Opposition MPs accuse the President of putting an unqualified judge on the Constitutional Court

The Constitutional Court was ordered to resume hearings on whether or not President Edgar Lungu may serve a third term of office on 30 January. But Court president Hilda Chibomba's...


Lungu's costly power play

Extending his time in office is the President's chief priority although a debt crisis looms amid volatile party realignments

Whether or not President Edgar Lungu manages to convince the Constitutional Court that he is entitled to a further term in office when his current one ends in 2020, his determinati...


Stumbling into a debt crisis

A mountain of loans for expensive infrastructure and equipment is rapidly growing along with other loans that many fear are unsustainable

Amid growing concerns over the scale and urgency of Zambia's impending debt crisis, the International Monetary Fund and the World Bank have joined those who believe the country is ...


Patriotic front on back foot

The governing Patriotic Front is looking more and more like a personal vehicle for President Edgar Lungu, now that a splinter party with a strong footing in the Copperbelt has esta...


Hichilema pushes for Commonwealth talks

Negotiations on political reform between President Lungu and the opposition are due, but many doubt he will take the process seriously

Commonwealth Special Envoy Ibrahim Gambari is due in Lusaka this month to mediate in talks between President Edgar Lungu's ruling Patriotic Front and opposition parties as part of ...


Displaying 1-10 out of 225 results.