Bumba Mulenga | Zambia Monitor

ZM Index

Kwacha hits new lows as power imports, reduced copper production puts pressure on Zambia’s currency

The Kwacha has reached new lows against the United States dollar, driven by significant electricity imports necessitated by a severe drought and reduced ...

By Bumba MulengaJanuary 13, 20250

International

Voters in Comoros vote to elect 33-seat parliament amid allegations of plot by Assoumani to install son as future president

MORONI – Voters in Comoros headed to the polls on Sunday to elect the Indian Ocean archipelago’s 33-seat parliament, a year after the ...

By Bumba MulengaJanuary 13, 20250

Metro

Phiri’s arrest rocks political landscape, scandal trails tender for purchase of ambulances. See our top 10 stories of the week

In case you missed them, here are some of the top 10 stories of the week. 1. Health Minister, Dr. Elijah Muchima, has ...

By Bumba MulengaJanuary 11, 20250

Economy

Association challenges IMF’s 2025 GDP projection of 6.6%, foresees below 3.4% performance for Zambia

Oxford Economics Africa has revised Zambia’s 2025 Gross Domestic Product (GDP) growth forecast to a below-consensus 3.4 percent, citing the expectation of an ...

By Bumba MulengaJanuary 11, 20250

International

United States reportedly returns $50 million in alleged stolen funds to Nigeria

NIGERIA —Close to US$53 million (£43 million) in alleged illicit funds recovered from Nigeria’s former oil minister, Diezani Alison-Madueke, among others will be ...

By Bumba MulengaJanuary 11, 20250

Economy

ZANACO projects Zambia’s inflation to moderate by Q2 2025, citing improved food supply, reduced power cuts

ZANACO has forecasted that Zambia’s inflation will begin to moderate in the second quarter of 2025, with the potential to fall back into ...

By Bumba MulengaJanuary 11, 20250

Tech

Uganda’s controversial Army General, Kainerugaba, quits X amid political storm

Muhoozi Kainerugaba, the son of Uganda’s President Yoweri Museveni, has announced that he has quit X, where he has been posting controversial messages. ...

By Bumba MulengaJanuary 11, 20250