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Posts published in “Day: June 28, 2023

Zambia: Test case for debt restructuring

THIS forum has been keenly following the issue of the debt restructuring exercise for Zambia since inception somewhere in 2021.This issue which goes in tandem with the current International Monetary Fund (IMF) financial support programme has occupied media spaces including that of this column for a long time now.Therefore, the striking of the restructuring deal […]

Bankers anticipate low interest rates with clinched debt deal

By KETRA KALUNGA – THE Bankers Association of Zambia (BAZ) has said that it expects a low benchmark for interest rates following the debt restructuring deal that will widen Government’s resource envelope.BAZ chief executive officer Leonard Mwanza says in an interview that the association anticipates reduced interest rates because the appetite from the Government to […]

Two international firms tip copper-rich nations

By JAMES MUYANWA – TWO international organisations have proposed increasing financial benefits through commercial State-Owned Enterprises (SOEs) in the mining sector to transform mining taxation for mineral-rich countries like Zambia to effectiv...

ZITF opens doors to public

By CHATULA KANGALI – THE Zambia International Trade Fair (ZITF) has today opened to the public with traders foreseeing increased trade and business. A check at the ZITF grounds found traders preparing their merchandise while others were already cashing in.In an interview, the traders said this year, they expected increased trade and business due to […]

Copper Queens will succeed – Envoy

By SANDRA MWILA – ZAMBIA’s High Commissioner to Australia and New Zealand Elias Munshya has backed the women’s national team to perform well at the Australia/New Zealand 2023 World Cup that gets underway next month.Munshya said in an interview with FAZ media that the Copper Queens would be the surprise package as they make their […]

Will Daka join ‘Special One’?

By Sandra Mwila – AS uncertainty continues to surround the future of Patson Daka at Leicester City following relegation from the English Premier League to the Championship, the Zambian forward has been linked with a move to join Jose Mourinho’s AS Roma. Read more

Kakubo sheds light on HH’s peace initiatives

By JAMES KUNDA – GOVERNMENT says the engagement of Russian President Vladimir Putin and Ukraine’s Volodymyr Zelenskyy by President Hakainde Hichilema is a sign of Zambia’s commitment towards attaining global peace.

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Zimba, 3 others committed to High Court for trial

By PERPETUAL SICHIKWENKWE – FORMER Advisor to the President Chris Zumani Zimba and three others have been committed to the High Court for trial in a matter they are charged with three counts of being in possession of terrorism articles, procuring of terrorism articles and aiding of terrorism acts.The charges were contrary to Section 25 […]

More money in the coffers!

By JAMES KUNDA – GOVERNMENT has projected that the country will between 2023 and 2031 generate US$5.8 billion in debt service savings following the postponement of payments through extended maturities. Read more

HH showers praise on World Bank

By SHARON KALIMBULA – PRESIDENT Hakainde Hichilema has praised the World Bank for the role it played in the debt restructuring process which culminated in a debt treatment agreement in Paris last week.Speaking when the World Bank country director for Zambia, Malawi, Zimbabwe and Tanzania, Nathan Belete called on him at State House yesterday, President […]