The International Monetary Fund’s (IMF) Board has approved a significant amendment aimed at granting it greater flexibility …
Zambia
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Africa NewsBanksFeatureFinancial InstitutionsMoney
Paris Club pushes Ethiopia’s IMF deal deadline to June
by Aya Anwarby Aya AnwarThe Paris Club, a group mainly comprising developed country creditors, reportedly extended Ethiopia’s deadline to secure a …
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Africa NewsBanksFeatureMoney
Zambia in talks to restructure $3.3b of commercial debt
by Aya Anwarby Aya AnwarZambia is in talks to restructure $3.3 billion of commercial debt, following a recent agreement with overseas …
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Africa NewsFeature
China to continue co-operation to facilitate Zambia’s debt restructuring
by Aya Anwarby Aya AnwarChina will continue cooperating with all sides to advance Zambia’s debt restructuring, a foreign ministry spokesperson stated.
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Africa NewsBanksFeatureMoney
Africa’s debt to remain above pre-pandemic levels through ’25 – UN official
by Aya Anwarby Aya AnwarAfrica’s public debt is projected to remain elevated above pre-pandemic levels in 2024 and 2025, with numerous …
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Africa NewsBanksFeatureInternational NewsNews
Zambia central bank hikes rates to 12.5%
by Nada Aliby Nada AliZambia’s central bank has raised its benchmark lending rate by 150 basis points to 12.5 per cent, …
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Africa NewsFeatureIndustry & TradeTech/AI
Bill Gates, Jeff Bezos-backed KoBold Metals to develop Zambian copper mine
by Aya Anwarby Aya AnwarKoBold Metals which is based in California announced that it may consider partnerships to expedite the development …
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Africa NewsBanksFeatureInternational NewsNews
World Bank approves $125mln loan for Zambia
by Nada Aliby Nada AliThe World Bank Executive Board approved on Saturday a $125 million loan for Zambia, in a step …
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The African Export–Import Bank (Afreximbank) has signed on Sunday a dual tranche term loan facility worth €175 …
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The Egyptian Authority for Unified Purchasing (UPA) supplied Zambia with pharmaceutical supplies valuing $24 million, according to …