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Climate Change: Zambia raises over $84 million from Green Climate Fund

The Green Climate Fund (GCF) has approved $84.5 million to support two projects in Zambia in the energy and agriculture sectors, state media reported. The southern African nation will spend $52.2 million out of the 84.5 million for the Zambia Renewable Energy Financing Framework supported by the African Development Bank (AfDB) while 32.3 million dollars […]

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Indian telecom operator Airtel shapes Africa exit plan

India’s biggest mobile carrier Bharti Airtel Ltd, which owns telecom assets in 14 African countries, on Wednesday said it is looking at a potential initial public offering (IPO). Bharti Airtel International (Netherlands) BV said the discussion on feasibility of listing its shares on an “internationally recognized” exchange was still in preliminary stage. Bharti Airtel, which […]

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Ethiopian Airlines to revamp Zambia’s carrier

Ethiopian Airlines on Tuesday said it had signed an agreement with the Zambian government to revamp the country’s ailing national carrier. According to the Addis Ababa-based carrier, the Government of Zambia will be the majority shareholder with 55% and Ethiopia will have 45% stakes in the airline. Ethiopia’s state-owned flag carrier signed a similar deal […]

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Zambia-Cholera: church services & street vending banned, protests erupt

Residents in a slum in Lusaka, Zambia’s capital, are violently protesting over a regulation imposed to control the spread of a cholera epidemic in the Southern African nation. According to news portal Mwebantu, security forces operating in Kanyama have been forced to discharge tear gas after protesters started to throw stones and other projectiles at […]

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Zambia’s foreign minister resigns citing failure to tackle corruption

Zambia’s Foreign Affairs Minister Harry Kalaba has resigned from his position he has cherished and held for over 4 years in the Southern African nation. Announcing his resignation in a statement shared on his Facebook page, Kalaba denounced the rising tide of corruption in Zambia. Kalaba said his conscious could not allow him to continue […]

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Climate Change: Zambia to invest about $50 billion by 2030

Zambia’s government this week said it plans to raise about $50 billion in funding for climate change mitigation and adaptation programs. According to the plan already established by the southern African nation, this mobilization will be between 2018 and 2030. The primary concern of the Government is to protect its people, infrastructure, and other national […]

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I will not seek revenge, Zambian opposition leader to supporters

Zambian opposition leader Hakainde Hichilema on Tuesday promised that he would not seek revenge for his four-month incarceration for treason and assured that he had forgiven those who sent him to jail. Speaking at the Anglican Cathedral of the Holy Cross on Tuesday during thanks giving prayers following his release, Hichilema said: “Despite the injustices […]

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Zambia drops treason charges against main opposition leader

The Zambian state prosecutor on Wednesday released the country’s opposition leader, Hakainde Hichilema, from jail after the government dropped treason charges against him and five others. The prosecutor, in the early hours of Wednesday filed a ‘nolle prosequi’ in the case where Hichilema and five others were supposed to stand trial. The defendants had pleaded […]

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Zambia’s economy to post 4.3 % growth in 2017

Zambia’s economy will grow by 4.3 percent this year from around 3.2 percent last year supported by better agricultural output, improved electricity generation and higher mining production, Finance Minister Felix Mutati said on Tuesday. The Finance Minister’s statement comes weeks after the International Monetary Fund announced the possibility of granting Zambia a credit facility of […]

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Fertilizer industry: Zambia seeks to attract Moroccan investors

Zambia, which remains a net importer of fertilizers, has called on Moroccan operators to invest in the fertilizer industry, to help curb the high cost of crop production. The call was launched by Minister of Agriculture Dora Siliya at a meeting in Lusaka Monday with a Moroccan delegation, led by Secretary of State for Foreign […]

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