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Zambia-Rwanda Bilateral Ties: why Zambia needs to open a mission station in Kigali?

ByYohane Mbeeya Moono Trained Diplomat Rwanda a country that was ravaged by a genocide in 1994 has risen from the ruins of the genocide to cede claim as one of Africa’s fastest growing economies. During and after the genocide, many Rwandese nationals sought refuge in Zambia. Since then the two countries have even enjoyed moreContinue reading “Zambia-Rwanda Bilateral Ties: why Zambia needs to open a mission station in Kigali?”

Zambia is back in the Champions League

By Yohane Mbeeya Moono With the coming the COVID-19 pandemic in early 2020, the Zambian Economy began to shrink due to reduced production in key economic sectors. This was exacerbated by the insurmountable debt mountain the country had contracted. The country’s inflation had also been going up which did not help the move of theContinue reading “Zambia is back in the Champions League”

Zambia Economic Outlook: Recent macroeconomic and financial developments

The economy of Zambia fell into a deep recession due the adverse impact of the COVID–19 pandemic. Real GDP contracted by an estimated 4.9% in 2020, after growing by 4.0% in 2018 and 1.9% in 2019. The output contraction is the result of an unprecedented deterioration in all the key sectors of the economy. ManufacturingContinue reading “Zambia Economic Outlook: Recent macroeconomic and financial developments”

Only 9 African countries print their currency domestically.

In a continent of about 54 countries, 9 have the capacity to print their own currencies or mint their own coins. Nigeria, Morocco, Kenya, Algeria, South Africa, the Democratic Republic of Congo, Egypt, Sudan, and Zimbabwe are the only countries that have set up private companies and state-owned enterprises printing banknotes. Out of the remainingContinue reading “Only 9 African countries print their currency domestically.”

Deal to resolve Zambia’s debt crisis ‘LIKELY’

By Leo Komminoth June 16th 2022 • Zambia • Finance & Services Zambian officials met with an official committee of the country’s international creditors for the first time on Thursday as Lusaka seeks to negotiate a deal to restructure its unsustainable debt load and unlock IMF funding. The official creditor committee consists of members ofContinue reading “Deal to resolve Zambia’s debt crisis ‘LIKELY’”

ECONOMIC FIXATION: Requires a Disciplined Approach

By Yohane Mbeeya Moono In November of 2020, President Edgar Chagwa Lungu launched the economic recovery plan which spelt out the country would catapult herself out of the debt mountain it had acquired. However, the August, 12 2021 elections saw a change of government which ushered in the United Party for National Development government underContinue reading “ECONOMIC FIXATION: Requires a Disciplined Approach”

All Weather Friend -China

The Director General African Affairs, for the People’s Republic of China, Mr Wu Peng, who is in Zambia with a message from His Excellency President Xi Jinping. China and France yesterday chaired IMF Common Framework meeting on Zambia’s debt situation. Zambia needs to be unlocked so that her economy can be opened up to moreContinue reading “All Weather Friend -China”

THE DEBT RESTRUCTURING PROCESS AND THE IMF SUPPORTED PROGRAMME

Lusaka, Sunday, 19th June 2022 – In light of public statements by certain sections of society on the status of the International Monetary Fund (IMF) Supported Programme and the debt restructuring process, the Ministry of Finance and National Planning considers it necessary to clarify on some matters of concern and on others that have beenContinue reading “THE DEBT RESTRUCTURING PROCESS AND THE IMF SUPPORTED PROGRAMME”

A Glance at Zambia: Economic Prospects Looking Bright

By Yohane Mbeeya Moono During the reign of President Levy Patrick Mwanawasa, Zambia had just reached the Highly Indebted Completion Point (HIPC) and the New Deal began to implement it’s economic blueprint. The Economic Blueprint of the Mwanawasa reign centred on Foreign Direct Investment in the Mining Sector and Other Sectors such as Tourism andContinue reading “A Glance at Zambia: Economic Prospects Looking Bright”

PAN AFRICAN DIARIES: ANGOLA: A Trade Giant Zambia has not Utilized Much

By Yohane Mbeeya Moono Angola a country once ravaged by an over a decade long civil war. The country has however risen from the shackles and ruins of war to be one of Africa’s biggest economies. Infact it is in the top ten of Africa’s biggest economies by Gross Domestic Product. The country has beenContinue reading “PAN AFRICAN DIARIES: ANGOLA: A Trade Giant Zambia has not Utilized Much”