Tag: Zambia

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IMF head sees disbursement to Zambia ‘soon’, Kenya unlikely to default

 The International Monetary Fund expects to disburse the next tranche of its $1.3 billion financing program with Zambia "soon", the managing director of the...

World Bank Chief Economist Gill calls for new approaches to address ‘debt crisis’

World Bank Chief Economist Indermit Gill is calling for new approaches to address the mounting debt crisis facing many countries, including steps to factor...

Zambia’s official creditors expected to sign debt relief MOU in May – sources

 Zambia's official creditors, which include China, are getting closer to signing a memorandum of understanding on debt relief to the country in May, in...

Zambians struggle with cost of living as debt rework drags on

The Comesa market in Zambia's capital Lusaka appears to be bustling, but traders say business is suffering as a weak local currency pushes up...

World Bank chief hopes Zambia can move forward on debt treatment this week or next

World Bank President David Malpass on Thursday said he hoped Zambia's creditors, including China, would sign a memorandum of understanding on its debt restructuring...

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Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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