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Zambia

Zambia

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

news from Zambia

Category: all

Found 252 articles.

Displaying 1-10 out of 252 results.

Default hits election plan

The de facto default on Eurobond payments is getting in the way of a plan by the ruling party to create a slush fund for its next election campaign

The government's request on 22 September to holders of its US$3 billion of Eurobonds for a six-month suspension of repayments will have political repercussions as well as the finan...


Unhealthy ambition

The sudden arrest of the health minister is more about the jockeying for high office than campaigns against corruption

Once one of President Edgar Lungu's closest allies and considered by many his most likely successor – or at least his running mate in next year's general election – Chitalu Chilufy...


Gangs of the Copperbelt

The Patriotic Front has helped groups of artisanal miners form companies in return for delivering the vote in this crucial region

As so often in Zambia's elections, the Copperbelt will be decisive in next year's general elections and President Edgar Lungu's Patriotic Front (PF) is facing an uphill battle ther...


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...


Displaying 1-10 out of 252 results.