Lenders urged to cancel Zambia debt as country faces economic collapse

More than 100 economists and academics have urged international lenders to crisis-stricken Zambia to write off a significant slice of their loans during financial restructuring talks this month.

Zambia is seeking up to $8.4bn (£7.3bn) in debt relief from major lenders, including

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Zambia and Its New President Are Still on Their Honeymoon

“Up there, it’s God. Down here, it’s Kaunda,” the village’s schoolchildren sang.

“I didn’t like that as a kid,” he said.

He has gone after corruption, endemic in the former government. Transparency International estimated that in two years, 100 million kwacha, about $6.4 million, was

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Sibanye-Stillwater interested in Zambia's Mopani Copper Mines -CEO

JOHANNESBURG, Oct 5 (Reuters) - Sibanye-Stillwater (SSWJ.J) has expressed an interest in Zambia's Mopani Copper Mines, the mine and smelter complex looking for new investors after Glencore sold the asset to state mining investment company ZCCM-IH in January last year, CEO Neal

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Zambia’s chance to set the global financial architecture

A successful sovereign debt restructuring requires a host of creditors to agree to changes in the financial terms of a country’s debt. Yet as the recent debate on FTAV has shown, the “architecture” for getting creditors to agree on what changes are needed is currently unsettled.

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Zambia: Gov't, U.S. Hold Inaugural Business Summit to Boost Trade, Investment

Lusaka — Zambia is hosting a two-day business summit in Lusaka this week to try to attract American investors to the country.

Zambian officials say they want to diversify the economy and decrease dependence on extractive industries such as copper, which account for most of the

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National / Labour Transnet CEO Portia Derby digs in her heels as SA counts cost of strike

As SA’s faltering economy counts the cost of the crippling weeklong strike at Transnet, group CEO Portia Derby has dug in her heels, saying the company cannot afford to yield to worker demands, potentially setting the stage for a protracted standoff with labour unions.

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Act quickly to restructure debt, Zambia’s finance minister urges Africa

Zambian finance minister Situmbeko Musokotwane on Thursday urged other African nations considering using the G20’s Common Framework mechanism to restructure unaffordable debt to act quickly.

Africa’s first pandemic-era sovereign defaulter has been using the template to rework exte

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