Breadwinners should remember their resources are meant to uplift others too, says Sonny Zulu STANDARD Chartered Bank Zambia Chief Executive Officer and Director Sonny Zulu says the concept of “black tax” is real and that those in positions of privilege have a responsibility to support their extended families and communities. Speaking during an interview with… Continue reading Breadwinners should remember their resources are meant to uplift others too, says Sonny Zulu
Category: Business
WHY IS THE ZAMBIAN KWACHA SO STRONG AND STANDING AS THE WORLD’S STRONGEST CURRENCY AGAINST THE US DOLLAR? AN EXPLANATION FOR EVERYONE.
WHY IS THE ZAMBIAN KWACHA SO STRONG AND STANDING AS THE WORLD’S STRONGEST CURRENCY AGAINST THE US DOLLAR? AN EXPLANATION FOR EVERYONE. Lately, you might have heard exciting news about the Zambian Kwacha (ZMW) being one of the world’s best-performing currencies against the US Dollar. This is fantastic news for Zambia, and it’s natural to… Continue reading WHY IS THE ZAMBIAN KWACHA SO STRONG AND STANDING AS THE WORLD’S STRONGEST CURRENCY AGAINST THE US DOLLAR? AN EXPLANATION FOR EVERYONE.
ECONOMIST CALLS FOR CLOSE MONITORING OF ZAMBIA’S RISING DOMESTIC DEBT
ECONOMIST CALLS FOR CLOSE MONITORING OF ZAMBIA’S RISING DOMESTIC DEBT By Joseph Kaputula Economist Dr. Esther Banda says while Zambia is not currently facing an imminent domestic debt crisis, the country’s growing domestic debt burden requires close monitoring. Dr. Banda says continued growth in domestic borrowing at a pace faster than government revenue collection and… Continue reading ECONOMIST CALLS FOR CLOSE MONITORING OF ZAMBIA’S RISING DOMESTIC DEBT
CTPD COMMENDS GOVERNMENT OVER 97.85% EUROBOND BUYBACK PARTICIPATION
CTPD COMMENDS GOVERNMENT OVER 97.85% EUROBOND BUYBACK PARTICIPATION The Centre for Trade Policy and Development (CTPD) has welcomed the government’s successful execution of a Eurobond buyback exercise, which achieved a participation rate of 97.85%. Despite the strong outcome, CTPD noted that a comprehensive net present value assessment is still required to determine whether the transaction… Continue reading CTPD COMMENDS GOVERNMENT OVER 97.85% EUROBOND BUYBACK PARTICIPATION
DIGGING A HOLE TO COVER A HOLE: Buyback $1.36 billion Eurobond using a loan from the African Development Bank and domestic debt!
By Given Mutinta PRESIDENT HICHILEMA’S EUROBOND BUYBACK STRATEGY In 2025, Zambia undertook a significant restructuring of its foreign debt, extending payment obligations on its Eurobonds until 2053. Recently, however, the government has aimed to buy back a portion—$1.36 billion—of this restructured $3 billion Eurobond, seeking financing through a $600 million loan from the African Development… Continue reading DIGGING A HOLE TO COVER A HOLE: Buyback $1.36 billion Eurobond using a loan from the African Development Bank and domestic debt!
Beyond Copper: Unlocking Zambia’s Beef Export Potential
Beyond Copper: Unlocking Zambia’s Beef Export Potential The government’s recent move to establish the headquarters for the Zambia Beef Export Project in Chisamba District is a massive signal of intent for the nation’s agricultural sector. By positioning Central Province as the strategic hub for this initiative, the Ministry of Fisheries and Livestock is laying the… Continue reading Beyond Copper: Unlocking Zambia’s Beef Export Potential
Barrick to Sell Lumwana?
Barrick to Sell Lumwana? Barrick Mining, one of the world’s leading gold miners, is weighing a possible London listing for its African business, with a potential all-share transaction with UK-listed Endeavour Mining seen as one option under consideration, two sources familiar with the matter told Reuters. Barrick Gold Corporation’s operations and subsidiaries in Africa primarily… Continue reading Barrick to Sell Lumwana?
Zambia Begins Buying Back Eurobonds: A Major Step Toward Lower Debt Costs and Fiscal Sustainability
Zambia Begins Buying Back Eurobonds: A Major Step Toward Lower Debt Costs and Fiscal Sustainability By Prof. Lubinda Haabazoka The Government of Zambia has taken a significant step in strengthening the country’s public finances by launching a buyback of more than US$1.3 billion worth of Eurobonds. This operation represents one of the most important debt… Continue reading Zambia Begins Buying Back Eurobonds: A Major Step Toward Lower Debt Costs and Fiscal Sustainability
BARRICK GOLD COMMITS TO EXPANDING COPPER PRODUCTION IN ZAMBIA
BARRICK GOLD COMMITS TO EXPANDING COPPER PRODUCTION IN ZAMBIA President Hakainde Hichilema has welcomed Barrick Gold’s continued investment in Zambia, describing the mining giant as a key partner in the country’s efforts to grow the economy and achieve its ambitious copper production targets. Earlier today, the President met Barrick Gold Chief Operating Officer for Africa… Continue reading BARRICK GOLD COMMITS TO EXPANDING COPPER PRODUCTION IN ZAMBIA
ZAMBIA’S $6.2 BILLION FOREIGN RESERVES: A STATISTICAL PARADOX OF GROWTH AND POVERTY
By Given Mutinta ZAMBIA’S $6.2 BILLION FOREIGN RESERVES: A STATISTICAL PARADOX OF GROWTH AND POVERTY At the close of the first quarter, the Zambia’s gross international reserves reached a historic high of US$6.2 billion. This stands in stark contrast to figures from 2021, when reserves were considerably lower at US$2.1 billion, yet poverty was also… Continue reading ZAMBIA’S $6.2 BILLION FOREIGN RESERVES: A STATISTICAL PARADOX OF GROWTH AND POVERTY