Civil Society for Poverty Reduction (CSPR) says debt sustainability is key to increasing gross international reserves, controlling Kwacha depreciation, and halting the rise in inflation. Organization Executive Director Dr Stellah Mugailla told Money FM News that the increased debt service…
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Zanaco Bank Plc has lamented that the increasing Zambia’s debt levels will have a negative impact on the economy as government will not be able to finance other sectors of the economy. The bank also says Zambia’s economy is likely…
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The Consumer Unit Trust Society (CUTS) International Zambia Chapter observes the need to address Zambia’s debt crisis as it can affect the economy. CUTS International Zambia Assistant Policy Analyst Kangwa Muyumba says the debt situation needs to be addressed as…
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Former Finance Minister Felix Mutati says debt that most African countries have is stressing their economies. Mr. Mutati says the debt is negatively impacting on the exchange rate as well as most country’s current account deficits. In an interview from…
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Government has disclosed that it has this year paid over US$ 800 million in debt service. Finance Minister Margaret Mwanakatwe says Zambia has not registered any default. Mrs. Mwanakatwe says Government’s thoughts resonate with the thoughts of the development…
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Business and Financial Analyst Blessings Kafwanka has encouraged the government to ensure it reduces Zambia’s debt levels to sustainable levels. And Mr. Kafwanka says Zambia’s huge debt is driven by the huge appetite for infrastructure projects undertaken by the government.…
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Finance Minister Margaret Mwanakatwe says government has defined a Eurobond redemption strategy that will establish an optimal plan for redeeming Zambia’s bonds. Zambia has to date issued three Eurobonds amounting to US$750 million in 2012, US$1 billion in 2014 which…
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China has given Zambia a grant amounting to US$30 million meant to expand electricity supply at Multi Facility Economic Zone East (MFEZ) near Lusaka International Airport. The Chinese Government has also hinted that a grant will be made available to…
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GOVERNMENT will enlist the services of a consultant to recalculate interest on debts it contracted before 2013 with a view to identifying instances where it overpaid and enforce recovery of such amounts. The Ministry of Finance and Economic Development has…
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The Center for Trade, Policy and Development (CTPD) has recommend that the Zambian delegation at the Forum on China-Africa Cooperation (FOCAC) prioritizes renegotiating Chinese debt. The center says Zambia is at high risk of debt distress, and the Chinese government…
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Joseph Tembo 
Money FM