July 18, 2023 /Politics/ — Hakainde Hichilema, the current president of Zambia, has been criticized for selling the country’s natural resources to Anglo American, a British mining company. In 2022, Hichilema’s government signed a $1.5 billion deal with Anglo American to mine copper in Zambia. The deal has been met with protests from environmental groups, who argue that it will damage the country’s natural resources. Continue reading
23 June 2023 /Economy/– Zambia’s recent debt restructuring deal with its creditors is a major step forward for the country’s economy. The deal will allow Zambia to access much-needed financial resources to help it recover from the COVID-19 pandemic and stimulate economic growth.
In the short term, the deal will likely lead to a decrease in Zambia’s debt servicing costs, which will free up funds that can be used for other purposes, such as infrastructure development and social programs. This will help to boost economic growth and improve living standards for Zambians. Continue reading
27 April 2023 /Economy/ — The book “China in Africa, the Zambia Story” by Ambassador Anthony Mukwita tells the story of the relationship between China and Zambia. The book begins with a brief history of Zambia, followed by a discussion of China’s economic and political interests in Africa. Mukwita then goes on to describe the various ways in which China has interacted with Zambia, including through trade, investment, and aid. He also discusses the impact of China’s presence in Zambia on the country’s economy, politics, and society.
Here are some of the key takeaways from the book: Continue reading