Saudi Arabia to Loan $12 Billion to Zambia

The Zambian Government has signed a 12 million United States dollars loan agreement equivalent to K62.4 billion with the Saudi Fund for Development of the Kingdom of Saudi Arabia for the Kalabo-Sikongo-Angola border road project....

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Zambian Government Owes Toyota $8 Million

Transport minister Yamfwa Mukanga has acknowledged that the Zambian government owes Japan car manufacturer Toyota K40 billion (US$8 million) in unpaid arrears. However the minister has dismissed reports that the...

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Zambia Inks $2.5b Oil Deal with Angola

The Zambia Development Agency (ZDA) and an international corporation of Angola on Friday signed a US$2.5 billion memorandum of understanding (MoU) which will see the construction of a petroleum pipeline...

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