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Zambia

U.S. allocates additional $300 Mln to fight HIV in Africa

September 28, 2015 Khalid Al Mouahidi 0

The Obama administration is allocating an additional $300m to the effort to reduce HIV infection among girls and young women in 10 sub-Saharan African countries. […]

Zambia: gov’t okays Glencore’s job cuts, but wants due process followed

September 23, 2015 Khalid Al Mouahidi 0

Zambian President Edgar Lungu is “open” to job cuts at Glencore Plc’s local unit as the company faces low copper prices and rising costs, his […]

Zambia to export power in a year

September 19, 2015 Geraldine Boechat 0

Zambia’s government is taking measures to ease power shortages and the southern African nation will be a net exporter of electricity within 12 to 13 […]

DRC: Glencore starts talks with Gov’t on Katanga mine

September 11, 2015 Khalid Al Mouahidi 0

Mining and trading company Glencore held talks with Congolese officials in Kinshasa about the company’s plans to suspend operations at one of the country’s biggest […]

Zambia: ‘We will maintain a flexible exchange rate’ – Central Bank Governor

September 4, 2015 Geraldine Boechat 0

Zambia’s central bank will not intervene in the foreign exchange market to defend the kwacha, Governor Denny Kalyalya said on Thursday after the currency fell […]

Zambia: Lower economic growth foreseen as copper earnings drop

August 31, 2015 Geraldine Boechat 0

Zambia’s Ministry of Finance indicated on Sunday that slower economic growth and more fiscal deficit are expected this year as weak global demand for copper […]

Zambia: Dangote Cement plans $900 Mln investment

August 5, 2015 Khalid Al Mouahidi 0

Dangote Cement plans to double investment in Zambia to around $900 million by building a second cement plant, the company’s vice-president said on Tuesday. Dangote […]

Zambia: Copper mines facing 30% cut in power supply

July 31, 2015 Steven Addamah 0

Zambia’s power provider to mining companies, Copperbelt Energy Corp., has announced a power supply cut by 30 percent starting Thursday midnight, the country’s Chamber of […]

Zambia to issue $2 bln 10-year Eurobond

July 23, 2015 Khalid Al Mouahidi 0

Zambian government plans to issue a 10-year Eurobond which could reach up to $2 billion to be mainly used to fund its budget deficit that […]

Coffee giant Starbucks to open stores in Sub Saharan Africa in 2016

July 15, 2015 Khalid Al Mouahidi 0

After it struck a deal with Taste Holdings on Tuesday, the coffee giant Starbucks says it will open stores in sub-Saharan Africa for the first […]

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