Tag Archives: Zambia

03Jan/16

A review of how African economies performed in the second half of 2015

African growth was at its weakest in six years and analysts warned that things could get worse if the global economy continues to struggle. The IMF reported that the continent was likely to grow 3.75 percent this year and 4.25 percent next, a big drop from the years before and after the 2008/2009 financial crisis. China’s investment slowdown, and low commodity prices affected support to growth.

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26Dec/15

Zambian consumers tighten belts for Christmas

A struggling currency, power shortages and rising food prices are all the things Zambians did not ask for this Christmas. The festivities are expected to be more moderate this year as consumers spend less in the face of economic woes.

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02Dec/15

Zambia launches green construction programme to boost housing

Zambia has introduced a new construction programme that uses green technologies to help improve the lives of impoverished communities. The houses are made using locally sourced materials like wood and soil to make bricks.
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27Nov/15

Number of African child brides to soar by 2050 as population grows: U.N.

In a new report released by U.N. Children’s Agency (UNICEF), the organisation warns that the number of child brides in Africa could more than double to 310 million by 2050, if current practices continue. Just over one in three African girls marry before the age of 18, most commonly in poor, rural families which often receive a bride price or dowry in exchange for their daughter.

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26Nov/15

Glencore’s Zambia copper mining unit lays off 4,300 workers – company and union sources

Lusaka, Zambia (Reuters) – Glencore’s Zambian unit has laid off 4,300 workers, union and company sources said on Tuesday, as the mining and trading company deepens cuts in copper output to support flagging prices.
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24Oct/15

Zambian fashion designers dazzle in local Fashion Week

Zambia’s fashion industry showcased some of its best works at the annual Fashion Week in Lusaka which attracted 50 designers including some from neighbouring countries in the region. But there is no textile industry to support young designers in the country.
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20Oct/15

Zambia to revamp flagging aviation industry

Zambia’s national airline disbanded several years ago and now there is talk of its return by 2016. Officials say they are planning to revive the once lucrative aviation industry. Flying students like Chisomo Daka, a young pilot say they are hoping a new national carrier will offer them the chance to build careers as aviators.

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18Oct/15

Low rainfall and crippling power shortages hit Zambia’s economy

LUSAKA, Zambia Oct 15 (Thomson Reuters Foundation) – Brenda Nglazi Zulu has tried to adapt to the power cuts that sometimes leave her home in the capital Lusaka without electricity for half the day. She bought a gas stove and installed solar panels to help keep her lights on.
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