Zambia

The operator of the country's only coal-fired power station, Maamba Collieries Ltd., has opened arbitration proceedings with Zambia's state-owned electricity utility Zesco to recover US$300 million it is...

Deteriorating relations between the holders of Zambia's $3 billion Eurobonds and the government after its 22 September request for a six-month suspension of coupon payments point to one...

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...

Giving no reason, President Edgar Lungu sacked the respected governor of the central bank, the Bank of Zambia, Denny Kalyalya, replacing him with Christopher Mvunga, formerly Deputy Secretary...

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...

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...

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...

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 control, financial sources...

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 public services and...

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 Italy's...