Economy
Zambia to borrow $108 million from AfDB after loan amendment
The Zambian government plans to borrow US$108 million from the African Development Bank (AfDB) to finance its 2024 expenditure, following an amendment to ...
Economy
IMF approves $184 million disbursement to Zambia, says five of fifteen structural benchmarks not achieved
The International Monetary Fund (IMF) Executive Board has completed its fourth review of Zambia’s 38-month Extended Credit Facility (ECF) arrangement, approving an immediate ...
Economy
Manufacturers bemoan arbitrary hike in council fees in Lusaka, allege municipal service delivery below par
The Zambia Association of Manufacturers (ZAM) has voiced strong objections to sharp increases in council fees and rates implemented by municipalities, particularly in ...
Economy
Zambia secures $34.65 million for nature-based climate solutions
The Governing Board of the Climate Investment Funds (CIF) has approved Zambia’s Nature, People, and Climate Investment Plan (ZNPCI), allocating US$34.65 million to ...
Economy
Hichilema launches Zambezi Economic Free Zone in Kazungula
President Hakainde Hichilema has launched the Zambezi Economic Free Zone in Kazungula District, Southern Province, which is projected to create over 1,000 direct ...
Economy
Konkola Mine says it’s probing attempt to dupe company of $54,000 through supply of fake materials
Konkola Copper Mine (KCM) has foiled an attempt by a supplier to deliver counterfeit solvents, preventing a potential loss of US$64,000. In a ...
Economy
African Development Bank approves $108 million to support Zambia’s economic reforms
The African Development Bank (AfDB) Group has approved a loan of US$108 million to Zambia to help strengthen the country’s economic governance and ...
Economy
Finance ministry denies any sinister motives in $82 million payment made by ZESCO to China Exim Bank
The Zambian government has responded to criticism over the recent US$82 million payment made by ZESCO to China Exim Bank, asserting that the ...
Economy
Muchanga calls for urgent global finance to help Africa adapt to climate challenges
Although Africa contributes less than four percent of global carbon emissions, it is more vulnerable to its adverse impacts such as floods and ...
Economy
Bloomberg reports Zambia as seeking resolution of over $80 million erroneous payment to China
Zambia is reportedly seeking to remedy an erroneous payment made by its power utility to China while it is still finalizing a prolonged ...