Zambia on track for debt restructuring next quarter -finance minister

Zambia is pushing hard to complete the restructuring of nearly $15 billion of external debt in the first quarter of 2023 and is “in active engagement” with its largest bilateral creditor China, Zambia’s finance minister said in an interview at the Reuters NEXT conference. Zambia defaulted on its sovereign debt in 2020 and the current

Africa-China Relationship: Has Africa lost its sovereignty or has China lost its grip on the continent

By Yohane Mbeeya Moono An Alumni of the Zambia Institute of Diplomacy and International Studies Reuters Trained Journalist Africa is a continent that has promised so much yet has delivered very little. Africa is a continent that has long been plagued by underdevelopment, wars,health challenges such as Ebola,and Malaria among others, as well as food

Did you know?

Did you know that the Copperbelt Province is the only province in the country without a National Park in its Provincial boundaries. About 30% of Zambia’s 752 614 square kilometers is reserved for wildlife. There are 20 national parks and 34 game management areas in the country. South Luangwa, Kafue and Lower Zambezi rank among

The World Economic Outlook for 2023

By Yohane Mbeeya Moono An Alumni of the Zambia Institute of Diplomacy and International Studies The Zambian Minister of Finance and National Planning on 30th September, 2022 presented the country’s National Budget for the year 2023. A number of interesting economic pronouncements were made in the National Budget. Among them is the projected real Gross

PAN-AFRICAN SERIES: PAIDESA

The story of Pan-Africanism on the African continent can not be complete without the mention of Kwame Nkrumah the first black President of the Republic of Ghana and one of the Founding Fathers of the Organization of African Unity now the African Union. In Zambia, a University bears the name of this great son of

Zambia-China Relations: Where does Economic Diplomacy fit in?

By Yohane Mbeeya Moono The Author is An Alumni of the Zambia Institute of Diplomacy and International Studies Zambia got her independence in October of 1964 and was heavily reliant on the South African seaports for exports and imports. Things were to change barely a year after independence when Ian Smith the leader in Southern

A Snapshot of Wealth in Africa

The continent of Africa contains more than 50 countries, but just five account for more than half of total wealth on the continent: South Africa, Egypt, Nigeria, Morocco, and Kenya. Despite recent setbacks in Africa’s largest economies, wealth creation has been strong in a number of areas, and total private wealth is now estimated to

The Switzerland of Africa: New Exciting Investments Destination for Investors

By Yohane Mbeeya Moono Switzerland like Zambia is a landlocked country in the heart of Europe. Switzerland is a peaceful haven for most asylum seekers. This because the country once provided the Jews who fled from the holocaust of Adolf Hitler a safe haven. It is also home to many multinational organisations such as the

AfCFTA could boost African incomes by 9%, says World Bank report

Full implementation of the African Continental Free Trade Agreement (AfCFTA) could increase FDI by up to 159%, with positive impacts for trade and incomes. Charles Dietz Reforms set in motion by the implementation of the African Continental Free Trade Area (AfCFTA) could lead to a rise in foreign direct investment (FDI) that would boost incomes

EDGAR CHAGWA LUNGU NEED TO ACCEPT REALITY AND BE A STATESMAN.

By Concerned Citizen Former Republican President Edgar Chagwa Lungu ruled Zambia for 7 years and upon assuming the highest office of the land, he adopted autocratic tendencies where he unleashing the unprecedented level of cadreism on the ordinary citizens whom he swore to protect by virtue of Oath of Presidency. During his reign as President