IMF downgrades Sub-Sahara’s growth forecast to 3.75% for 2015
In its latest African Economic Outlook released on Tuesday under the title “Dealing with the Gathering Clouds,” the International Monetary Fund (IMF) said that sub-Saharan […]
Zambia
Zambia-economic crisis: President seeks God’s intervention
Zambia holds a day of prayer and fasting, with bars shut and football matches cancelled, to seek divine help over the country’s currency collapse and […]
Zambia: China to build 750 MW power plant
China’s Sinohydro Corp will start building a 750 megawatt (MW) hydro-electric power station in Zambia in December as the country seeks to address an electricity […]
DRC: Copper production to rise to 1 million tons in 2015
Democratic Republic of Congo will produce about 1 million tons of copper for the second consecutive year in 2015, the mines ministry said on Thursday. […]
Zambia forecasts 15% drop in copper output
Zambia is expected to produce 600 000 tons of copper this year, down 15 percent from 708 000 tons in 2014, a government official said […]
U.S. allocates additional $300 Mln to fight HIV in Africa
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
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
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 […]