Debt restructuring is a process that allows a company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue its operations or avoid defaulting in the case of a sovereign state. The debt restructuring process is typically…
Friday, 29th May 2020. 1. The Patriotic Front Is A Pro-Poor Party And We Are Friends Of The Working Class. The Patriotic Front is by design, by objective and by practice a pro-poor party. We are friends of the working class. The people’s heartbeat is our heartbeat and the people’s pain is our pain. Therefore,…
The government has awarded a US$5 million contract to French company Lazard Freres for the provision of advisory services to the country in relation to the liability management of its debt portfolio. Other bidders that included ABSA Bank and Barclays Bank PLC, Rothschild & Co, White Oak Advisory Ltd, Potomac and Deutch Bank have since…
ZNBC-President EDGAR LUNGU says government does not have power to gazette or degazette a traditional leader.He says the Constitution does not allow government to come in when it comes to gazzeting of chiefs .President LUNGU says as it is any one can stand up and declare themselves chief because they don’t need the approval of…
ZANIS—Minister of Water Development, Sanitation and Environmental Protection Dennis Wanchinga has directed the newly inducted National Water Supply and Sanitation Council (NWASCO) board to monitor all infrastructure development projects by commercial water utility companies in the country.Dr Wanchinga says government is investing heavily in infrastructure development through water utility companies hence, the need to ensure…
ZANIS—–President Edgar Lungu has advised traditional leaders in the country to be advocates of peace and unity among their subjects.President Lungu noted that traditional leaders have an important role to ensure that the One Zambia One Motto is upheld as a way of promoting the peace and unity that the fore father’s fought.He wondered why…
(BBC)US President Donald Trump will sign an executive order targeting social media firms, the White House has said.It comes after he threatened to shut down social media platforms he accused of stifling conservative voices.The latest dispute emerged after Twitter added fact-check links to his tweets for the first time.The order’s details have not been shared…
