April 16, 2023 /Zambia/ — The Zambia Anti-Corruption Commission (ACC) has finalized the consolidation of charges against Faith Musonda, a businesswoman who was arrested in June 2022 for allegedly possessing K117 million in cash without a valid source of income. The ACC has charged Musonda with 15 counts of possessing property reasonably suspected to be proceeds of crime.
The charges against Musonda are as follows: Continue reading
April 16, 2023 /Finance Technology/ — Zambia is currently testing a technology that would form the foundation of digital asset regulation. The tests are being conducted by the Bank of Zambia (BoZ) and the country’s securities regulator, the Securities and Exchange Commission (SEC).
The tests are designed to assess the feasibility of regulating digital assets in Zambia. They are also designed to identify any potential risks associated with digital assets and to develop mitigation strategies. Continue reading
April 16, 2023 /Finance/ — If Zambia’s debt restructuring proposal is successful, it will help to improve the country’s economic outlook and create a more stable environment for businesses and investors. This will ultimately benefit the Zambian people by creating jobs, improving infrastructure, and providing access to basic services.
It is important to note that there are a number of risks associated with Zambia’s debt restructuring proposal. If the proposal is not successful, it could lead to a further deterioration in Zambia’s economy and could potentially lead to a default on Zambia’s debt.
Zambia sent a debt restructuring proposal to bondholders on April 14, 2023. The proposal includes the following key points: Continue reading
April 13, 2023 /Technology/ — These are just a few of the many internship programs available to Zambian college students. For more information, please visit the websites of the organizations listed.
Here are some internship programs designed to foster connections and bolster career development for Zambian college students:
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State House
Lusaka, Zambia
3:37 P.M. CAT
ZAMBIAN OFFICIAL: Mr. Hakainde Hichilema, President of the Republic of Zambia; Honorable Madam Kamala Harris, Vice President of the United States of America; cabinet ministers present from both countries; members of the press; distinguished invited guests; ladies and gentlemen: Welcome to the press conference being held here at State House this afternoon.
And to begin the process, I now have the singular honor and privilege to call upon the President of the Republic of Zambia to deliver his remarks.
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Press Release, 13 Nov 2022 /Justina Mutale/ —
HE Justina Mutale Foundation have launched a US$10 million (ten million US dollars) Africa Presidential STEM Fellows USA Programme for Zambia.
Under the name, Justina Mutale Foundation Presidential STEM Fellows USA Programme, the programme will offer students in Zambia, who hold a first degree in a STEM-based subject (Science, Technology, Engineering and Mathematics), an opportunity to study at Master’s degree level in the USA.
The Programme forms part of the African Presidential STEM Fellows Programme, which is run as Fellowships Programme for African Presidents; Vice Presidents; Royalty; Foundations and billionaires. Continue reading
Patrick E. Shea, University of Glasgow
Countries across the world are drifting towards a debt crisis. Economic slowdowns and rising inflation have increased demands on spending, making it almost impossible for many governments to pay back the money they owe.
DUBLIN–(BUSINESS WIRE)–The “Zambia Diesel Genset Market Size and Share Analysis by Power Rating, Application – Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
“Zambia Diesel Genset Market Size and Share Analysis by Power Rating, Application – Forecast to 2030”
In 2021, the Zambia diesel genset market accounted for $13,762.1 thousand revenue, which is predicted to grow at a compound annual growth rate of 4.9% from 2021 to 2030. Continue reading
August 31, 2022
The IMF Board approves SDR 978.2 million (about US$1.3 billion) 38-month ECF arrangement for Zambia to help restore macroeconomic stability and foster higher, more resilient, and more inclusive growth. Continue reading