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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 231 articles.

Displaying 1-10 out of 231 results.

A splurge before the squeeze

As the government goes on another shopping spree, international banks are reassessing plans for fresh lending to Lusaka

Israel and Zambia are almost ready to sign a new US$400 million package for high-tech aviation equipment to be funded with a loan from Israel's Hapoalim Bank. The deal is believed ...


A clumsy crackdown

The death of Vespers Shimuzhila, a University of Zambia student who suffocated when police fired a teargas canister into her room following student demonstrations over unpaid gover...


Bonds crash as donors cut funding

Cuts in aid payments are compounding the debt crisis as the government loses credibility after bogus denials

President Edgar Lungu's sacking on 19 September of Minister of Community Development and Social Services Emerine Kabanshi – at the centre of the row over the fraud in payment...

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Graft worsens cash squeeze

Fears that embezzlement has hit government departments have caused donors to suspend payments

Western donor governments have placed key assistance programmes under heavy scrutiny as evidence emerges of wide-scale corruption in three important government departments, Africa ...


Bonds, bills and ever bigger debts

The government has all but expelled an IMF official, as the debt continues to spiral and the role of Chinese projects in it raises more concern

Having allocated US$500 million to external debt service this year, the government's liquidity crisis drags on as relations with donors and international financial institutions plu...


Putting on the brakes

The government is taking steps to curb the ballooning debt, but will they be enough to make an IMF programme possible?

The goal is to bring the risk of 'debt distress' from 'high' to 'moderate'. Even this modest target will probably elude Finance Minister Margaret Mwanakatwe because the government'...


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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Displaying 1-10 out of 231 results.