Zambia

Giving no reason, President Edgar Lungu sacked the respected governor of the central bank, the Bank of Zambia, Denny Kalyalya, replacing him with Christopher Mvunga, formerly Deput...

Once one of President Edgar Lungu's closest allies and considered by many his most likely successor – or at least his running mate in next year's general election – Chitalu Chilufy...

As so often in Zambia's elections, the Copperbelt will be decisive in next year's general elections and President Edgar Lungu's Patriotic Front (PF) is facing an uphill battle ther...

After stopping payments on several commercial loans this year, Zambia is set to default on its US$3 billion Eurobonds, now trading at 'distressed debt' levels, with yields over 50%...

Finance Minister Bwalya Ng'andu's January request for a funded programme from the International Monetary Fund may be in danger from continued borrowing beyond the Treasury's contro...

The ruling Patriotic Front's continued state of denial about the country's dire debt situation sees the year begin with loan defaults, dwindling state revenues, disintegrating publ...

Zambia has defaulted again on its €97 million (US$107m) loan from Italian bank Intesa San Paolo for the purchase of two C27J twin-engined military transport aircraft from Ital...

Tussles for supremacy among President Edgar Lungu's key advisors have claimed scalps in his ever-smaller inner circle. One of the most important was that of former journalist Amos ...

Zambia is on the brink of an energy crisis that threatens to hike tariffs for consumers already feeling the economic hardship caused by the country's rocketing debt service bill. L...

Producing 70% of the world's cobalt, an essential component of electric car batteries and mobile phones, Africa's Copperbelt is in the midst of a sweeping transformation. Seeking t...