Author: News Desk

Debt default risk increases in Mozambique

By Thea Fourie, Senior Economist, IHS Global Insight The inability of state-owned enterprise Mozambique Asset Management (MAM) to make a payment of $178 million to foreign private creditor VTB Bank of Russia and the government’s failure to honour its sovereign guarantee by yesterday (23 May) has increased Mozambique’s default risk quite substantially. The MAM loan,

Freedom is yet to be attained HH

Opposition UPND president Hakainde Hichilema has charged that freedom is yet to be attained in Zambia.   In his message to mark African Freedom Day which falls today, Hichilema cites the current political situation in the country.   Below is the message:   Today we remember with pride and gratitude the great sacrifice of those who fought bravely for our political freedoms in the past.   Destructive, violent and persecutory actions now threaten this most precious of inheritances. The fight for freedom is still very much alive

Ministers not on the list of adopted candidates

Some Ministers are not on the list of the August election adopted parliamentary candidates for the ruling Patriotic Front (PF).   So far according to the list seen by Zambian Eye, from the Copperbelt province, the following prominent Ministers have been left out.   Labour Minister Fackson Shamenda from Ndola Central, Community Development Minister Joseph Katema from

Barclays Africa addresses role of financial sector in addressing power and energy challenges at AfDB Annual Meetings

Barclays Africa will play a key role in driving discussions around energy, climate change and the financial inclusion of women at the African Development Bank (AfDB) Annual Meetings in Lusaka, Zambia from May 23 to 27.  Representing Barclays Africa, Chief Executive, Regional Management Barclays Africa, Mizinga Melu says that finance and banking play a critical

Mbesuma nets PSL top scorer award

Collins Mbesuma has won the South African Premier Soccer League (PSL) golden boot for the second time after topping the scoring charts with 14 goals, beating Prince Nxumalo of Ajax Cape Town and Thobani Mncwango of Polokwane City who scored 13 goals apiece. Mbesuma’s goals guided his team, Mpumalanga Black Aces, to a fourth place
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