Zambia

Zambia’s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly $6 billion debt with China, the largest bilateral creditor of the first African sovereign default in 2020 after the…

Breadcrumb Trail Links PMN Business Author of the article: Reuters Jorgelina Do Rosario and Rachel Savage Article content WASHINGTON/JOHANNESBURG — Zambia’s finance minister said on Saturday it is still unclear…

© Reuters. Zambia's Finance Minister Situmbeko Musokotwane attends the Annual Meetings of the International Monetary Fund and World Bank in Washington, U.S., October 15, 2022. REUTERS/James Lawler Duggan By Jorgelina do Rosario and…

© Reuters. FILE PHOTO: Zambia's Minister of Finance Situmbeko Musokotwane addresses participants during the Initial Public Offer launch of Zambia's Konkola Copper Mine in the capital Lusaka, November 17, 2010. REUTERS/Mackson…

Reading Time: 2 minutes  Innovative live dealer and betting games studio BetGames has signed its latest deal in Africa, by agreeing to supply the rapidly expanding Sahara Games Technology Corporation. As part of the latest…

Half a century ago, the Tanzania-Zambia Railway (Tazara) stood out as a crucial symbol of Africa’s struggle for independence. The 1,860km-long railway connects Kapiri Mposhi in Zambia with Dar es Salaam at the Indian Ocean. In November…

Investor losses after the restructuring of Zambia’s three defaulted Eurobonds are likely to be greater than expected, Morgan Stanley said on Tuesday, adding that a new combined ‘super bond’ maturing in 2029 was a possibility. A “realistic…

African countries face great challenges in adapting to climate change to meet growing demand for food. The current drought in East Africa is the latest manifestation of changing weather patterns. But countries such as Zambia, where there…

Zambia’s official creditors led by China have agreed to provide debt relief to the southern African nation, paving the way for an IMF bailout and setting a precedent for how Beijing could work with other lenders to tackle the threat…

Breadcrumb Trail Links PMN Business Author of the article: Reuters Gayatri Suroyo and Rachel Savage Article content JAKARTA/LONDON — Zambia’s creditors pledged to negotiate a restructuring of the country’s debts on…