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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 239 articles.

Displaying 1-10 out of 239 results.

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...


Treasury in the red

The liquidity problems are getting worse and state asset sales are looking more likely as a last resort to avoid debt default

The lavish spending and borrowing of President Edgar Lungu's government is starting to catch up with it. Africa Confidential has learned that in March, it had to raid the state pen...


Flight of fancy

President Edgar Lungu's brand new Gulfstream G650 business jet arrived on 28 February and is parked in a purpose-built hangar at Lusaka international airport, which now boasts a ne...


Cash in the cabinet

President Lungu has chosen not to dismiss a minister after police found millions of dollars’ worth of cash in his home

Two weeks after his arrest on corruption charges, Zambia's Infrastructure Minister Ronald Chitotela remains in President Edgar Lungu's cabinet. After a tip-off from the Anti-Corrup...


Debt and discontent

The economy and the popularity of President Lungu are shrinking fast, but the opposition is struggling to take advantage

With no prospect of a deal with the International Monetary Fund, the stand-off with donors over embezzled aid money far from resolved, ballooning domestic arrears, and low foreign ...


Taking the heaviest of tolls

The leak by a concerned government insider has exposed another costly procurement deal which never went to tender

A highly profitable public-private partnership (PPP) for collecting road tolls has been cancelled suddenly after sparking fury at the poor value for money and seeming exploitation ...


Lungu's to lose

President Edgar Lungu has got his wish and been given leave by the Constitutional Court to stand for a third term of office. Critics will say he effectively granted his wish to him...


Debts and denials

The Auditor-General documents widespread irregularities while the armed forces defend the purchase of expensive private jets

The report of the Auditor-General into the country's public financial management during 2017 has added fuel to the burning controversy over accusations that the government is wasti...


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...


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