Feature IMF board passes amendment to grant more freedom to assist countries in crisis Aya Anwar Apr 17, 2024 0 The International Monetary Fund's (IMF) Board has approved a significant amendment aimed at granting it greater…
Africa News Paris Club pushes Ethiopia’s IMF deal deadline to June Aya Anwar Apr 4, 2024 0 The Paris Club, a group mainly comprising developed country creditors, reportedly extended Ethiopia's deadline to…
Africa News Zambia in talks to restructure $3.3b of commercial debt Aya Anwar Apr 3, 2024 0 Zambia is in talks to restructure $3.3 billion of commercial debt, following a recent agreement with overseas…
Africa News China to continue co-operation to facilitate Zambia’s debt restructuring Aya Anwar Mar 26, 2024 0 China will continue cooperating with all sides to advance Zambia's debt restructuring, a foreign ministry…
Africa News Africa’s debt to remain above pre-pandemic levels through ’25 – UN official Aya Anwar Feb 28, 2024 0 Africa's public debt is projected to remain elevated above pre-pandemic levels in 2024 and 2025, with numerous…
Banks Zambia central bank hikes rates to 12.5% Nada Ali Feb 14, 2024 0 Zambia's central bank has raised its benchmark lending rate by 150 basis points to 12.5 per cent, for the fifth…
Feature Bill Gates, Jeff Bezos-backed KoBold Metals to develop Zambian copper mine Aya Anwar Feb 5, 2024 0 KoBold Metals which is based in California announced that it may consider partnerships to expedite the development…
Feature World Bank approves $125mln loan for Zambia Nada Ali Dec 24, 2023 0 The World Bank Executive Board approved on Saturday a $125 million loan for Zambia, in a step to restore…
Africa News Afreximbank signs €175mln with Mota-Engil Africa Nada Ali Nov 12, 2023 0 The African Export–Import Bank (Afreximbank) has signed on Sunday a dual tranche term loan facility worth €175…
Tech/AI Egypt exports pharma supplies worth $24mln to Zambia Mennatullah Hamzawy Oct 24, 2023 0 The Egyptian Authority for Unified Purchasing (UPA) supplied Zambia with pharmaceutical supplies valuing $24…