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Zambia

Edgar Chagwa Lungu

Date of Birth: 11/11/1956
Place of Birth: Ndola


Displaying 1-10 out of 63 results.

Debts and denials

It was compounded when President Edgar Lungu gave the red carpet treatment to former Israeli Prime Minister Ehud Olmert, who was released from prison last year after serving 16 months for corruption...


A splurge before the squeeze

One of the contracts was part-funded with a $48m loan from Israel Discount Bank, which was signed by President Edgar Lungu on 5 September 2016, Africa Confidential can reveal...


Bonds crash as donors cut funding

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 payments for the country's poorest families – will do nothing to lessen the deepening crisis in the country...

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Graft worsens cash squeeze

The scheme was believed to be a great success and President Edgar Lungu requested the number of recipients be increased from 257,000 households, the figure for 2017, to 700,000 this year...

The seven-member court, all of whose judges were appointed by President Edgar Lungu, ended hearings on a possible third term in May and is not expected to rule until next year at the earliest...

Some think that President Edgar Lungu is feeling anxious about his popularity, but others speculate that the PF wants urgently to secure a two-thirds majority in parliament, which would be necessary to enact changes to the constitution...


Bonds, bills and ever bigger debts

Possibly the most desperate attempt to improve public finances yet is believed to lie behind President Edgar Lungu's public plea to Turkish President Recep Tayyip Erdogan during bilateral talks on 28 July in Zambia for assistance in refinancing the Eurobonds...

Since President Edgar Lungu came to power, Zambia has signed off on at least US$8 billion in Chinese project finance...


Putting on the brakes

The government nevertheless refers to its 'prudent and sound economic management' and describes measures emanating from President Edgar Lungu's desk as 'our blueprint as a government'...


Squeaking in and cutting back

The PF poured in massive resources but only shaded victory by 816 votes on a turnout of only 30% in what many saw as a test of President Edgar Lungu's popularity...


Debt spike threatens reserves

At the same time, the government faces a media storm over corruption scandals involving President Edgar Lungu...

Statements in a state State House official spokesman Amos Chanda has been energetically denying Africa Confidential's article about the US$500 million sovereign guarantee signed by President Edgar Lungu with South Africa's STAG company on behalf of the state electricity company Zesco (AC Vol 59 No 10, A swirling fog of debt)...


A swirling fog of debt

Creditors, investors and the opposition believe President Edgar Lungu's management of national finances is plunging the country into a debt crisis...

One such is President Edgar Lungu himself, who has signed a $500 million guarantee for a loan to state electricity company Zesco from South African company STAG, Africa Confidential has learned (AC Vol 59 No 7, Into the valley of debt)...


Displaying 1-10 out of 63 results.