By Mwila Nsofu The World Bank has welcomed the agreement between the Zambian Government and bondholders on the terms for restructuring Eurobonds. This follows the agreement Zambia reached in 2023 with the official bilateral creditors. The Bank says the Official Creditor Committee has confirmed that the agreement meets comparability of treatment requirements and that the
…Prolong dry spell forces President Hichilema Declares National of emergency By Francis Maingaila Lusaka, Zambia24 (2 -03-2024) – Zambia is grappling with a severe crisis exacerbated by the El Niño phenomenon, which has wreaked havoc across the nation. President Hakainde Hichilema has declared a national of emergency to address the devastating effects. In a national
By Patricia Banda Mporokoso Member of Parliament BRIAN MUNDUBILE has been suspended for 30-days for breach of Parliamentary privileges and contempt of Parliament. This follows a ruling on a point of order that was raised on October 6, 2023 by nominated Member of Parliament LIKANDO MUFALALI against Mr. MUNDUBILE for his conduct on the floor
By Mwila Nsofu Zambia’s Euro Bondholders will forego approximately 840 million dollars of their claims under the debt restructuring agreement. The London Stock Exchange says the bondholders will also provide cash flow relief of approximately 2.5 billion dollars during the IMF programme period. The respective weighted average maturity will be 15 years and 8-years under
… CSOs Dialogue with Zambian Government By Francis Maingaila Lusaka, Zambia24 (21-03-2024) – Civil Society Organisations (CSOs) advocating for reforms to the Public Order Act convened with Hon. Jack Mwimbu, the Minister of Home Affairs and Internal Security, to address concerns and present a joint position paper on the Public Gatherings Bill. Patrick Kaumba, Executive
… Muyangwa say the project will expand connectivity through enhanced road infrastructure By Francis Maingaila Lusaka, Zambia24 (26-03-2024) – The National Pensions Scheme Authority (NAPSA) has finalized a significant agreement worth $650 million with Macro Oceans Investment Consortium (MOIC) to begin the transformation of the Lusaka-Ndola dual carriageway. This project, overseen by NAPSA Director General
(BBC) South Africa’s governing African National Congress (ANC) has failed in a legal bid to stop a newly formed party, backed by ex-President Jacob Zuma, from running in May’s general election. The uMkhonto we Sizwe (MK) party takes its name from the now-disbanded armed wing of the ANC. It is thought that Mr Zuma’s backing
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