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!
Category: Business
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
IMF CONFIRMS CONTINUED ENGAGEMENT WITH ZAMBIA AS NEW PROGRAMME TALKS ADVANCE
IMF CONFIRMS CONTINUED ENGAGEMENT WITH ZAMBIA AS NEW PROGRAMME TALKS ADVANCE The International Monetary Fund has confirmed that discussions with Zambia on a new support programme are progressing well, with further negotiations expected to resume after the country’s general election in August. The update followed an IMF staff mission to Lusaka from 30 April to… Continue reading IMF CONFIRMS CONTINUED ENGAGEMENT WITH ZAMBIA AS NEW PROGRAMME TALKS ADVANCE
Five Miners Trapped at Matala Gold Mine in Mumbwa
Five Miners Trapped at Matala Mine in Mumbwa Five small-scale miners are trapped at Matala Gold Mine in Nangoma Constituency, Mumbwa District. The miners have been trapped since around 04:00 hours on Sunday. Matala Gold Mine, which was previously operated by a cooperative, has been closed for the past two years. ZNBC’s HONESTER MSHOKA reports… Continue reading Five Miners Trapped at Matala Gold Mine in Mumbwa
MIZINGA MELU, JITO KAYUMBA NAMED IN FAZ COMMERCIAL AND MARKETING COMMITTEE
MIZINGA MELU, JITO KAYUMBA NAMED IN FAZ COMMERCIAL AND MARKETING COMMITTEE. Mike Jovic Mwendachabe ✍️ The Football Association of Zambia has appointed a Commercial and Marketing Advisory Committee aimed at strengthening its financial position and expanding revenue streams. The decision follows a resolution by the FAZ Executive Committee and is part of efforts to improve… Continue reading MIZINGA MELU, JITO KAYUMBA NAMED IN FAZ COMMERCIAL AND MARKETING COMMITTEE
ZAMBIA LAUNCHES ANTI-ILLICIT FINANCIAL FLOWS POLICY TRACKER
ZAMBIA LAUNCHES ANTI-ILLICIT FINANCIAL FLOWS POLICY TRACKER Zambia is this month expected to host a team from the Tax Justice Network Africa (TJNA) and other experts to rollout the Anti-Illicit Financial Flows (IFFs) Policy Tracker Assessment in Zambia. The Policy Tracker is an African Union mandated tool designed to help member countries assess their national… Continue reading ZAMBIA LAUNCHES ANTI-ILLICIT FINANCIAL FLOWS POLICY TRACKER