Zambia plans to launch a $500 million bond program to settle arrears to independent electricity providers, according to Bloomberg. The bond program has been structured in two tranches, the first of which could be launched within two months, according to GRK Prasad, the director of Nava Bharat Venture. The Indian company operates the Maamba plant […]
The European Investment Bank has formally agreed a total of €495 million of new financing for three projects to support sustainable transport, clean energy and internet access projects in North, West and East Africa. The three projects, signed at the summit attended by heads of state and government from across Africa and Europe, earlier this […]
More than 100 people have been killed in clashes between rival ethnic groups in Democratic Republic of Congo, days before Sunday’s long-delayed presidential, legislative and provincial elections, in the war-torn mineral-rich nation. According to local media, the fighting between the Batende and Banunu ethnic groups broke out on Sunday over the disputed location of a […]
Britain’s Prince Harry paid last weekend a two-day trip to Zambia, where he visited the capital city of Lusaka and its Burma Barracks. On Monday, the Duke of Sussex offered to support the Zambian government’s efforts to boost tourism by facilitating a deal with Botswana to move some elephants to the Zambia. The commitment was […]
Zambia’s Foreign Minister Joe Malanji on Wednesday said they have refused to offer asylum to Zimbabwe’s opposition leader and former Finance Minister Tendai Biti. Zimbabwe opposition politician Tendai Biti has been denied asylum in Zambia, after authorities in Zimbabwe briefly detained him as he tried to cross the border. Earlier reports quoting his lawyer Nqobizitha […]
Exiled opposition leader and multimillionaire Moise Katumbi will not attempt to land in DR. Congo after his private jet has been barred from landing on Friday in Lubumbashi, capital of Katanga Province. The political heavyweight will instead try to enter via Zambia, his party said Friday. The 53-year-old former governor of the mineral-rich province has […]
Zambia’s main opposition party in the parliament has opposed government plans to introduce new cybercrime laws saying the move will clampdown on social media in the southern African nation. In 2017, the government announced plans to table the country’s Cyber Security and Cyber Crime Bill, the Data Protection Bill and the E-commence Bill. Communications Minister […]
The Zambian government on Wednesday said it aims to eradicate malaria within three years after deaths from the disease halved last year from 2014. In Zambia, malaria is the biggest cause of attendance at health facilities, and every family in the Southern African nation has lost someone to disease. However, the country had recorded a […]
Zambia’s finance minister has urged South African firms to invest in roads and power plants in the Southern African nation after it suspended borrowing indefinitely. Zambia was expecting to secure a $1.3-billion loan from the International Monetary Fund this year, but the Washington-based lender is unhappy with the country’s borrowing plans. The IMF has rejected […]
Angolan President Joao Lourenco arrived in Zambia on Wednesday to witness the signing of bilateral agreements to strengthen trade and upgrade cooperation between the two southern African nations. Zambia’s President Edgar Lungu, held bilateral talks with the visiting Angolan President Joao Lourenco. Lungu has called for strengthening of ties between Zambia and Angola in order […]
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