(Bloomberg) — Zambia skipped an interest payment on its debt, moving closer to becoming the first African nation to default on dollar bonds since the onset of the coronavirus pandemic.
Holders of Zambia’s $3 billion of Eurobonds will vote next week on the country’s request for a six-month interest-payment holiday. … Read More
ZAMBIAN Breweries together with Lafarge Zambia have donated medical supplies worth K100,000 to Tubalange Mini-Hospital in Chilanga from funds raised from the Mosi Vibes At Home online party, which the two organisations partnered on.
The donation is part of the ties cemented between Zambia’s largest brewing company and the country’s … Read More
Tanzania Zambia Mafuta (Tazama) is seeking for funds to upgrade its pipeline diameter to 12 inches. The fund in question for the upgrade is proposed to be US$400million.
Speaking to media, Tazama’s Tanzania Regional Manager, Abraham Saunyama said “What we want is to make the whole pipeline from Dar to … Read More
Canada’s First Quantum budgets $1 billion for Zambian copper mine expansion.
Canadian miner First Quantum Minerals Ltd is weighing investment of around $1 billion to lift output at Africa’s biggest copper mine in Zambia, despite a feud with state miner Zambia Consolidate Copper Mines Investment Holding (ZCCM-IH) over project funding.… Read More
Zambia’s President Lungu informed his Minister of Energy to start process of importing electricity after ZECO announced rationing power.
President Edgar Lungu of Zambia has informed the Minister of energy to start the process of importing electricity. This directive follows after the country was hit with a major electricity problem.… Read More
Sinohydro halt construction of Kafue Gorge hydroelectric dam due to difficulties beyond its control.
Construction of Kafue Gorge hydroelectric dam was put on hold by China’s state-owned Sinohydro. The dam was put on hold due to “difficulties beyond its control” according to Sinohydro.
The construction which kick-off in 2015 has … Read More
Lusaka City Council (LCC) to penalise developers in Zambia for having uncertified buildings.
Lusaka City Council (LCC) is making plans to penalise developers in Zambia. This is due to finding that developers are occupying an uncertified buildings in the state capital.
According to LCC, officers will start conducting physical checks … Read More
Batoka Gorge Hydro Electricity project deal agree by both nations.
The both nations has agree a deal worth US$4,5 billion for the project. The batoka Gorge Hydro Electricity project will help bring both nations together due to the deal.
Zimbabwe has also receive an interest from General Electric Africa to … Read More
Zambia soon to begin a US$152,381 road rehabilitation.
Zambia is planning to embark on a US$152,381 peri-urban road rehabilitation project. This is coming just after the conclusion of a road survey by the Luanshya Municipal Council (LMC) engineering department.
The aim of the rehabilitation is to open up new areas … Read More
Zambia fuel price increased due to the increasing international oil price to sustain and stabilize its currency
The increase in Zambia’s fuel price is as a result of the rising international oil prices and the deprieciation of its currency, kwacha.
The Energy Regulation Board (ERB) detailed that the pump price … Read More
Newly elected Kenyan President, Uhuru Kenyatta seeking to strengthen trade ties with Namibia, Rwanda and Zambia.
Speaking after his official inauguration on Tuesday, November 28th, 2017, Kenyan President, Uhuru Kenyatta who held bilateral talks with Presidents of Namibia, Rwanda and Zambia, said he plans to boost inter-regional relations … Read More
October 24, 1964 Zambia gained independence from Britain. Fifty-Three (53) years later, we took a look into this peaceful African country.
Zambia recently celebrated it’s 53rd Independence Anniversary from Great Britain on October 24th. The event highlighted Zambia’s qualities, as being peaceful while promoting unity in the Southern African Development … Read More
African Development Bank secure land for its new purposed office after Zambia’s minster of foreign affairs made land available.
Zambia’s Minister of Foreign Affairs has made land available for African Development Bank to construct its offices in the country. The bank has help the country to achieve its economic diversification … Read More
African countries have made significant steps in nuclear science development under the guidance of the United Nation’s International Atomic Energy Authority (IAEA) and its key member states. IAEA organizes a rolling program of training and courses for African professionals from across the continent to gain knowledge and skills in the … Read More
Zambia is seeking bidders for a fourth mobile licence to take on operators including market leader MTN Group in the southern African country and may even have room for a fifth, according to Transport and Communications Minister Brian Mushimba.
Mushimba said, the ministry has given the go-ahead to the telecommunications … Read More
Zambia has launched construction of the 321-kilometer Lusaka-Ndola dual carriageway that connects the southern and central parts of the country to the mining towns in the Copperbelt province.
The mega-road project which will be constructed by China Jiangxi Corporation for International Economic and Technical Cooperation (CJIC) at a cost of … Read More