Tag Archives: Zambia

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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13Oct/15

Campaign group says women pay the price of Zambia mining expansion

SHINENGENE, Zambia, Sept 15 (Thomson Reuters Foundation) – The women sat quietly in a village church in northwest Zambia, the sun slanting down on their colourful Sunday outfits as they told how life had changed since their chief agreed to handover a tract of land to a foreign firm for a new copper mine, leading to the resettlement of hundreds of families.
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12Oct/15

Copper gains on output cuts but China worries persist

Mining giant Glencore looks to sell copper mines in Australia and Chile to reduce its debt.

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09Oct/15

Africa’s GDP growth to slow to 3.7 pct this year, World Bank

Economic growth is set to slow in Sub-Saharan Africa to 3.7 percent this year from 4.6 percent in 2014, its weakest pace since 2009, mainly due to the drop in commodity prices, the World Bank has said in its latest Africa pulse report.

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07Sep/15

Glencore to suspend dividend, sell new shares to cut debt

Mining and commodities trading firm Glencore announces it will suspend dividends, sell assets and raise $2.5 billion in a new share issue as it aims to cut its debt by a third to $20 billion by the end of next year.

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01Sep/15

Power cuts in Zambia threaten big and small business

Intermittent power supply threatens Zambia’s key sectors of economic growth with business owners experiencing regular power cuts that they say are eating into profits. Mining companies operating in Zambia’s copper belt recently agreed to reduce power usage by between 10 and 15 percent to ease pressure on the national grid after water levels at hydro-electric plants dropped due to drought.

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