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,

Analysis of the Post Newspaper Attack on UPND as a Party of Crooks and Tenderpreneurs

By Sunday Chanda BEWARE OF UPND ‘TENDERPRENEURS AND CROOKS,’ THE POST WARNS Barely four months ago on 29th January 2016, many Zambian readers were greeted with a shocking headline and story in the Post Newspaper regarding the opposition UPND leader Hakainde Hichilema commonly known as HH. The headline was shocking because it read: “HH regrets insulting The Post,” and the reason for that is a matter of

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
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