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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 248 articles.

Displaying 1-10 out of 248 results.

On the brink of sovereign default

The government is getting no help from the IMF because it won't stop borrowing unsustainably and covertly

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%...


Unhealthy bank balance

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...


Point of no return

Public finances head south while the Patriotic Front clamps down on dissent ahead of next year’s election

The ruling Patriotic Front's continued state of denial about the country's dire debt situation sees the year begin with loan defaults, dwindling state revenues, disintegrating publ...


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...


Displaying 1-10 out of 248 results.