Zambia: gov’t okays Glencore’s job cuts, but wants due process followed
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
Zambia to export power in a year
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
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
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
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
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
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
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
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 […]
South Africa will import white maize from Mexico
South Africa’s recent drought has forced the country to import maize again. The news comes after confirmation that South Africa will import about 50-thousand tons […]