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Zambia secures $3 billion World Bank funding, BoZ raises policy rate to 14%. See our top 10 stories of the week

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In case you missed them, here are some of the top 10 stories for the week…

1. The World Bank Group has pledged approximately US$3 billion to Zambia under the new Country Partnership Framework (CPF) for 2025-2029, with nearly half of the funds already disbursed. Read more…

2. The Bank of Zambia (BOZ) has raised the Monetary Policy Rate by 50 basis points to 14.0 percent to address persistent inflation, which remains above the target band of 6-8 percent. Read more…

3. President Hakainde Hichilema says he is not a stooge of the imperialists, stating that his loyalty is to Zambians in whose benevolence he has the rare privilege of governing the country. Read more…

4. The Zambian government has secured a US$50 million concessional loan to finance the rehabilitation of the Kalabo-Sikongo-Angolan Border Road in Western Province. Read more….

5. The Economic and Financial Crimes Court (EFCC) has ordered the forfeiture of Simonga Farm, a K29 million property belonging to former Defence Permanent Secretary Stardy Mwale, to the state. Read more….

6. The International Monetary Fund (IMF) has reached a staff-level agreement with Zambia, paving the way for a US$185.5 million disbursement under the Extended Credit Facility (ECF) loan program. Read more…

7. 34-year-old man has appeared in the Lusaka Magistrates’ Court for allegedly sexually abusing his 14-year-old biological daughter. Read more

8. China Nonferrous Metal Mining Company (CNMC) has announced a US$1.6 billion investment in Zambia, following discussions with President Hakainde Hichilema at State House on Tuesday. Read more

9. Chief Jonathan, Eshron Mumena, of North-Western Province has been taken to the High Court by three of his subjects, who alleged severe physical and emotional abuse. Read more

10. Zambia has booked its place in the 2025 Africa Cup of Nations (AFCON) after a narrow 1-0 victory against Ivory Coast at Levy Mwanawasa Stadium on the Copperbelt. Read more

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