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Zambia

Zambia

Population: 21.13m
GDP: $25.91bn
Debt: 115.2% of GDP (2023)

news from Zambia

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Found 294 articles.

Displaying 61-70 out of 294 results.

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 of public...


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...


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 wasting phenomenal...


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...


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 government meal...


Bonds crash as donors cut funding

Cuts in aid payments are compounding the debt crisis as the government loses credibility after bogus denials

President Edgar Lungu's sacking on 19 September of Minister of Community Development and Social Services Emerine Kabanshi – at the centre of the row over the fraud in...

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Graft worsens cash squeeze

Fears that embezzlement has hit government departments have caused donors to suspend payments

Western donor governments have placed key assistance programmes under heavy scrutiny as evidence emerges of wide-scale corruption in three important government departments, Africa Confidential has learned. Payments by...


Bonds, bills and ever bigger debts

The government has all but expelled an IMF official, as the debt continues to spiral and the role of Chinese projects in it raises more concern

Having allocated US$500 million to external debt service this year, the government's liquidity crisis drags on as relations with donors and international financial institutions plummet. Lusaka asked the...


Putting on the brakes

The government is taking steps to curb the ballooning debt, but will they be enough to make an IMF programme possible?

The goal is to bring the risk of 'debt distress' from 'high' to 'moderate'. Even this modest target will probably elude Finance Minister Margaret Mwanakatwe because the government's...


Squeaking in and cutting back

The Patriotic Front is crowing over its narrow defeat of the United Party for National Development (UPND) in a by-election in the swing constituency of Chilanga, just outside...


Displaying 61-70 out of 294 results.