Editor's PickPower and Politics

$3.5 billion debt deal brings sigh of relief, as inflation rises 13.7%; see our top stories of the week


In case you missed them, here are our top 10 stories of the week:

1. Zambia has finally reached a conclusive deal to restructure its over US$3 billion Eurobond debt with External Bondholder Steering Committee.Read more…

2. Government is in the process of rehabilitating and re-equipping the Cancer Diseases Hospital with modernised infrastructure at a cost of about US$30.814 million. Read more…

Read more: Political broadcasts face taxation, Mopani mine firmly in IRH hands; see our top 10 stories of the week

3. Zambia’s annual inflation rate has surged to 13.7 percent in March 2024 due to price movements of selected food items. Read more…

4. Zambia’s economy is estimated to have grown by 5.8 percent in 2023, compared to 5.2 percent the previous year. Read more…

5. Bondholders will provide approximately US$2.5 billion in cash flow relief to Zambia through reduced debt service payments following the agreement to restructure the existing debt between the two parties. Read more…

6. Zambia and Botswana have signed 10 instruments of cooperation with a call from President Hakainde Hichilema to enhance intra-trade between the two countries. Read more…

7. The United Kwacha Alliance (UKA) has cautioned Zambians against premature celebrations following Zambia’s debt restructuring deal.Read more….

8. Financial anomalies amounting to over K483 million in the procurement of petroleum products between January 2019 to December 2022 have been highlighted in a special report issued by the office of the Auditor General on Thursday. Read more….

9. The United Kwacha Alliance (UKA) says the whole Mopani deal smells of white collar organized plunder of national assets under President Hakainde Hichilema’s leadership. Read more….

10. DAKAR – Senegal’s opposition candidate, Bassirou Diomaye Faye, has won Sunday’s election with 54.28 percent of the total votes. Read more….

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