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Business
20 Oct 2020
|
Abraham Kalito
IMF is Zambia’s only chance of avoiding debt default – Simumba
ECONOMIST Trevor Simumba says Zambia should swiftly reach an agreement in principle with the International Monetary Fund (IMF) on an economic programme to allay investors’ fears and avoid an imminent debt default. The Zambian government […]
15 Oct 2020
|
Stuart Lisulo
Zambia’s external debt was $27.3bn in 2019, reveals World Bank
ZAMBIA’s total external debt stock has drastically increased to hit a total of US $27.3 billion as at end-December, 2019, mainly consisting of public and publicly-guaranteed debt of over US $11 billion, according to the […]
15 Oct 2020
|
Natasha Sakala
We’ll default on loans if lenders don’t agree to delayed payment – Treasury
SECRETARY to the Treasury Fredson Yamba says the country is unable to meet its scheduled debt obligations following failure to reach an agreement with Eurobond holders on the proposed six months delayed interest payment. In […]
12 Oct 2020
|
Stuart Lisulo
Govt to repay China $854m in external debt servicing by end-2021
GOVERNMENT is due to pay a total of over US $854 million in external debt service repayments to various Chinese entities in 2020 and 2021 as part of its ongoing debt servicing commitments, according to […]
9 Oct 2020
|
Natasha Sakala
Reduced budgetary allocation towards nutrition reversing gains – CSO-SUN
CIVIL Society Scaling Up Nutrition (CSO-SUN) says government’s lack of commitment to allocate more resources towards enhancing nutrition will lead to a reversal of the gains that have been made. According to the presentation made […]
9 Oct 2020
|
Natasha Sakala
Declining budgetary allocation to education, health worries Panos
PANOS Institute Southern Africa (PSAf) has expressed concern over Zambia’s reduced budgetary allocation to the education, health and social protection sectors as proposed by Finance Minister Dr Bwalya Ng’andu in the proposed 2021 national budget. […]
8 Oct 2020
|
Ulande Nkomesha
Expert warns of further kwacha fall owing to govt’s huge debt servicing
ECONOMIST Trevor Hambayi says the kwacha will depreciate further due to government’s excessive debt servicing requirements next year, which will accelerate its slide against major currency convertibles. In an interview, Hambayi observed that the kwacha […]
7 Oct 2020
|
Ulande Nkomesha
ZRA cracks whip on maize smugglers
A COMBINED team of officers from the Zambia Revenue Authority (ZRA), Zambia National Service (ZNS) and Zambia Police have impounded 23 trucks laden with smuggled maize which were destined for Zimbabwe. In a statement, ZRA […]
7 Oct 2020
|
Sipilisiwe Ncube
Cost of living still exceeds household incomes – JCTR
THE Jesuit Centre for Theological Reflection (JCTR) says the reality of living a dignified life in Zambia is still far from being attained given the high cost of living, which remains above household average incomes. […]
6 Oct 2020
|
Stuart Lisulo
ZCCM-IH’s profits soar to K438.9m
ZCCM-IH has posted huge after tax profits of K438.9 million during its financial half-year ending June 30, 2020, triggered by increased income derived from exchange rate gains from the group’s foreign-denominated assets. And ZCCM-IH says […]
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