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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 292 articles.

Displaying 1-10 out of 292 results.

DISPATCHES

Arusha comes to the rescue

Tanzania’s NFRA plans to export 1 million tonnes of corn to neighbours facing shortages following droughts

Tanzania’s National Food Reserve Agency has agreed to sell 650,000 tonnes of corn to Zambia over the next eight months as Lusaka counts the costs of the drought...

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Debt and drought weigh down economy

Finance Minister Musokotwane cuts growth forecasts as worst dry spell in four decades and a weaker kwacha drive up the cost of living

Making significant progress towards restructuring its debts, three-and-a-half years after defaulting on its Eurobonds, Africa’s second-largest copper producer is struggling to contain the fallout from severe droughts, continued...


Inching towards the end of the tunnel

After three-and-a-half years of talks and geopolitical clashes, officials in Lusaka foresee a comprehensive debt restructuring within months

At last an end is in sight for Zambia’s tortuous negotiations to restructure US$13.4 billion in foreign loans, after international bondholders met on 4 June to approve the...


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A Lungu family crackdown

Corruption investigation into the former president, who presided over the economic collapse of the country, continues with the arrest of his wife and daughter

The arrest of former First Lady Esther Lungu and her daughter Chiyeso Katete over possession of properties allegedly linked to corruption is the latest front in the battle...

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A debt deal redux

Zambia has finally reached an agreement to restructure its US$3 billion of Eurobonds after more than three years in default, the government announced on 25 March. The three...


Can mega discovery end debt impasse?

Bad management and lack of accountability – not the lack of new finds – have held back the mining business

After its two year-long attempt to restructure US$4 billion in dollar bonds fell apart last November, President Hakainde Hichilema's government has been turning to its mining industry to...


Public's patience is running short

Election promises remain unfulfilled, and unresolved big issues like debt and mining policy raise questions about ruling party competence

Despite surging into government on a wave of popular relief at the departure of President Edgar Lungu's haphazard, venal government in August 2021, Zambians still await, with dwindling...


Displaying 1-10 out of 292 results.