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Population: 21.14m
GDP: $29.87bn
Debt: 115.2% of GDP (2023)

news from Zambia

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Found 290 articles.

Displaying 1-10 out of 290 results.


Arusha comes to the rescue

Tanzania’s NFRA plans to export 1 million tonnes of corn to neighbours facing shortages following droughts

Tanzania’s National Food Reserve Agency has agreed to sell 650,000 tonnes of corn to Zambia over the next eight months as Lusaka counts the costs of the drought caused by El ...


Debt and drought weigh down economy

Finance Minister Musokotwane cuts growth forecasts as worst dry spell in four decades and a weaker kwacha drive up the cost of living

Making significant progress towards restructuring its debts, three-and-a-half years after defaulting on its Eurobonds, Africa’s second-largest copper producer is struggling t...

Inching towards the end of the tunnel

After three-and-a-half years of talks and geopolitical clashes, officials in Lusaka foresee a comprehensive debt restructuring within months

At last an end is in sight for Zambia’s tortuous negotiations to restructure US$13.4 billion in foreign loans, after international bondholders met on 4 June to approve the ex...


A Lungu family crackdown

Corruption investigation into the former president, who presided over the economic collapse of the country, continues with the arrest of his wife and daughter

The arrest of former First Lady Esther Lungu and her daughter Chiyeso Katete over possession of properties allegedly linked to corruption is the latest front in the battle against ...


A debt deal redux

Zambia has finally reached an agreement to restructure its US$3 billion of Eurobonds after more than three years in default, the government announced on 25 March. The three Eurobon...

Can mega discovery end debt impasse?

Bad management and lack of accountability – not the lack of new finds – have held back the mining business

After its two year-long attempt to restructure US$4 billion in dollar bonds fell apart last November, President Hakainde Hichilema's government has been turning to its mining indus...

Public's patience is running short

Election promises remain unfulfilled, and unresolved big issues like debt and mining policy raise questions about ruling party competence

Despite surging into government on a wave of popular relief at the departure of President Edgar Lungu's haphazard, venal government in August 2021, Zambians still await, with dwind...


Debt deal teeters on the brink of collapse

G20 creditor committee rejects revised Zambia agreement, potentially deterring other countries from applying and putting the relief programme at risk

The threats to Zambia's painstakingly agreed debt restructuring deal could be the last nail in the coffin on the Group of 20's Common Framework debt relief programme.


Hichilema hails 'mission impossible' deal

Lusaka's debt-restructuring brokered by France's Emmanuel Macron resonated more than his summit to redraw the global finance system

A deal to restructure US$6.3 billion of Zambia's foreign debt gives President Hakainde Hichilema much of what he was looking for – a resolution after almost two years of tort...


Displaying 1-10 out of 290 results.