India has sent a team of its geologists to Zambia to look for copper and cobalt as part of its bigger plan to secure minerals needed for its clean energy …
Zambia
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AfricaAFRICA NEWSBusinessBusiness and EconomyEnergyInternational RelationsNatural ResourcesNewsTrade and CommerceZAMBIA
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Banking, Finance & InvestmentDevelopmentEconomyFinance & ServicesGhanaMALAWIZAMBIA
Fitch Downgrades Afreximbank Credit Rating to BBB-, Flags High Risks and Weak Transparency
Fitch Ratings has downgraded the credit rating of the African Export-Import Bank (Afreximbank) by one notch to BBB-, just above junk status, citing growing credit risks and weak risk management …
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AfricaAgricultureEconomyFinance & ServicesINVESTMENTPoliciesZAMBIA
Zambia Keeps Interest Rate Steady at 14.5% as Inflation Forecast Improves
Zambia’s Central Bank has decided to keep its main interest rate unchanged at 14.50 percent. This decision comes after two recent hikes in the rate aimed at controlling high inflation …
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AFRICA NEWSFinance & ServicesZAMBIA
Indian billionaire Anil Agarwal vows to pay $250-million Zambia debt
by Editorby EditorIndian billionaire Anil Agarwal has promised to pay $250 million, which Vedanta Resources, the mining company he controls, owes to suppliers as soon as he regains control of copper mines that …
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AfricaAFRICA NEWSSouthern Africa
Zambia now good for investment, Kanyama tells ‘diasporans’
by Editorby EditorZAMBIA’S Ambassador to the United States of America (USA), Chibamba Kanyama, has called on Zambians living in the diaspora to leverage the stable macro-economic environment prevailing in the country and …
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AFRICA NEWSBanking, Finance & Investment
World bank to lend Zambia $210m as country targets to double CDF to K56m per year
by Editorby EditorWorld bank to lend Zambia $210 million as country targets to double CDF to K56m per year. The World bank under the Zambia Devolution Support Project will fund the Zambia …
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Banking, Finance & InvestmentBusinessNigeriaWestern Africa
World Bank Partners with IMF to assess Nigeria’s debt sustainability
The President of the World Bank Group, David Malpass, has said that the bank will work with the International Monetary Fund to assess Nigeria’s debt sustainability. Malpass said this during …
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AfricaAFRICA NEWSBuildingEconomyNewsSouth AfricaSouthern Africa
Cashbuild exits Zambian market over tough trading condition
Cashbuild, the largest retailer of building materials and associated products operating in South Africa, Namibia, Lesotho, Botswana, Swaziland, Malawi, and Zambia is closing its two underperforming stores in Zambia, over …
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AfricaAFRICA NEWSAgricultureBusinessDangote IndustriesNewsNigeriaSouthern AfricaWestern Africa
Zambian minister seeks Dangote’s assistance to develop fertilizer industry
The Zambian minister of Commerce and Industry, Mr. Chipoka Mulenga, has sought the assistance of the president, Dangote Group, Aliko Dangote in the development of his country’s agricultural sector. Mulenga, …
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BusinessEconomyEntrepreneurshipINVESTMENT
Kenya, Zambia Commit To Joint Efforts Towards Removals Of Trade Barriers
Kenya and Zambia have agreed to work together towards removing barriers that hinder trade and investment between the people of the two countries. President Kenyatta said his discussions with visiting …