Egypt’s trade w/ African blocs up in ’23
Egypt’s total trade with African Union countries reached $9.2 billion in 2023, marking a 5.7 per cent increase from…
Browsing Tag
Zambia
Zambia raises interest rate to 14%
Zambia raised its benchmark interest rate to 14 per cent on Wednesday as inflation continues to surpass the Bank of…
EU resumes budgetary support to Zambia after a decade
The European Union (EU) has decided to resume budgetary support to Zambia for the first time in a decade,…
WHO, partners offer $1.5b to world vulnerable communities
The World Health Organization (WHO), in partnership with several multilateral development banks (MDBs), has…
China inks deal to revamp Mao-era railway in Zambia
China signed on Wednesday an agreement to revamp the Tazara railway, a vital transportation link between Zambia and…
Zambia mulls 156% electricity tariff hike
Zambia's Energy Regulation Board is evaluating a proposal from Zesco Ltd., the state-owned power utility, to raise…
Zimbabwe growth downgraded as severe drought weighs on
Zimbabwe has downgraded its 2024 economic growth forecast to 2 per cent from 3.5 per cent, due to an El…
CR20 completes key Malawi railway bridge
China Railway 20th Bureau Group (CR20) has completed the longest bridge on the 72-km railway line from Marka, near…
Sri Lanka reaches agreement to restructure $12.6b in bonds
Sri Lanka has reached an agreement to restructure $12.6 billion in bonds, moving closer to finalising its debt…
IMF approves additional funds for Zambia
The IMF Executive Board has completed the third review of Zambia's 38-month Extended Credit Facility (ECF) and…
