Finance Minister Bwalya Ng'andu previously promised to reduce the $7bn disbursement 'pipeline' of previously agreed loans by $5bn but we understand the cut may amount to $1...
The bondholders refused the request on 30 September a day after Zambia's Minister for Finance Bwalya Ng'andu cited the pandemic as a reason for leniency in a presentation to investors...
Although Chilufya is also Bemba this faction has long courted Lungu to anoint the current Finance Minister Bwalya Ng'andu another Bemba as his successor or running mate...
Finance Minister Bwalya Ng'andu can't tackle the debt issue directly because those taking out the loans are not under his authority or outrank him in the pecking order...
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 in Lusaka told Africa Confidential...
Finance Minister Bwalya Ng'andu wrote to several lenders in November to cancel the disbursement of funds in an effort to honour a pledge to stop the debt ballooning further Africa Confidential has been told...
Finance Minister Bwalya Ng'andu recently wrote to several lenders to stop them disbursing funds part of an effort to get debts under control Africa Confidential has learned (AC Vol 60 No 15 Off the case)...
Her successor Bwalya Ng'andu a Bemba cuts a more serious figure and his appointment has been welcomed by investors who hope he will bring more business-friendly policies stabilise Zambia's sliding economy and regain the confidence of the IMF (AC Vol 57 No 25 Preparing for the worst)...
