Nov. 29, 2023 /IEconomy/ — Zambia is a country in southern Africa that has been struggling with a heavy debt burden for many years. In 2020, the country became the first African nation to default on its sovereign debt during the COVID-19 pandemic. In an effort to get its finances back on track, Zambia has been seeking to restructure its debt with its creditors. Continue reading
LUSAKA, ZAMBIA – Barrick’s transformation of its Lumwana mine into a world-class producer will provide strong impetus for the government’s thrust to revive the country’s copper industry, president and chief executive Mark Bristow said yesterday after a meeting with Zambian President Hakainde Hichilema.
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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
June 27, 2023 /Politics/ — Spin City was a satirical television show about a fictional New York City mayor who relied on an inept and dysfunctional cult following. The show ran for six seasons from 1996 to 2002 and was a critical and commercial success.
There are a few lessons that Zambians can learn from Spin City: 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