Economy

COVID-19 | Private Sector Working Group To Ensure Smooth Flow Of Essential Goods And Services Formed.

Zambia and South Africa have formed a private sector working group to create a framework that is targeted at ensuring the smooth flow of essential goods and services during the...

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PRESS RELEASE: IMF, World Bank Call For A Halt To Debt Servicing As Covid-19 Drives African Economies Into Recession.

WASHINGTON, D.C – April 10, 2020. The IMF and World Bank have called for a halt to debt servicing for the world’s poorest countries as the World Bank Group latest...

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Gemfields Posts 5% Revenue Increase

Gemfields, the owner of 75% of Kagem Mining Limited, boosted its group-wide revenue by 5% in 2019, exceeding US$200 million of income from emerald and ruby auctions for the first...

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JCTR Projects A Possible Further Increase In The Cost Of Living Amid The COVID-19 Global Health Crisis

In a statement to the press, JCTR Deputy Director Father Alex Muyebe called on government to increase resource allocation and commitment to a more sustainable climate resilient and diversified agriculture...

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Suspend Interest Payments For Africa – African Union

The African Union is calling on creditor nations and multilateral institutions to suspend interest payments for Africa on its external public and private debt. Leaders from South Africa, Egypt, the...

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Kwacha Expected To Strengthen – FNB Zambia

FNB Zambia says the market anticipates some resilience from the kwacha as a result of the measures announced by Bank of Zambia last week. FNB Zambia stated that although the...

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Government Releases K2.5Bn In The Face Of Covid-19 Threat

Government has spelled out an economic plan amidst the outbreak of Coronavirus which is paralyzing business, with K700 million likely to be spent to mitigate the impact of COVID-19. Finance...

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Reduce Mealie Meal Prices Or Close Your Shops, Warns Mwakalombe

Copperbelt Minister Japhen Mwakalombe has threatened to close all mealie meal outlets that are selling the commodity at over K130. Mr. Mwakalombe, who was on a tour to sensitize marketers...

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The Bank of Zambia Says The Risk Of Global Growth Remains Tilted Downwards.

The Bank of Zambia Says The Risk Of Global Growth Remains Tilted Downwards. BoZ further notes that Inflation outcomes are expected to range from a minimum of 13.4% to 14.3%...

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Moody’s Comments On The Impact Of The Coronavirus Pandemic On African Banks

The Coronavirus pandemic and the sharp oil price drop have already led to portfolio outflows from emerging markets, including Africa, and will exacerbate the slowdown in economic growth at a...

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