Editor's PickPower and Politics

Bank of Zambia hikes policy rate to 11%, opposition group accuses Speaker Mutti of being used to breach constitution; see our top 10 stories of the week


In case you missed them, here are our top 10 stories for this week:

1. The Bank of Zambia (BoZ) has hiked the benchmark of the cost of money by 100 base points as a result of persistent inflationary pressures. Read more….

2. The current exchange rate situation requires extra ordinary measures for it to be addressed, hence upward adjustments in the statutory reserve ratio for financial institutions, says the Bank of Zambia (BoZ). Read more…

3. The opposition Socialist Party has called on the Speaker of the National Assembly, Nelly Mutti, to avoid being allegedly used by men in Parliament to breach the Constitution through unnecessary manouvers. Read more…

Read more: Govt to engage catholic bishops, network providers plan hike in fees; see our top 10 stories of the week

4. The International Monetary Fund (IMF) says that it has reached a staff-level agreement with Zambia on the Second Review of the Extended Credit Facility (ECF) arrangement, paving way for US$184 million funding. Read more…

5. Forum for Democracy and Development (FDD) leader, Edith Nawakwi, has called on donors to stop funding the Non-Governmental Gender Organization Coordinating Council (NGOCC) on the component of governance. Read more….

6. Chief Government Spokesperson, Cornelius Mweetwa, has said that there were no Constitutional amendments being undertaken by the United Party for National Development (UPND) administration. Read more….

7. The media and public maybe blacked-out from following proceedings of the trial involving five men accused of espionage before the Lusaka High Court. Read more….

8. Zambia has suffered a major setback in its debt restructuring efforts after the government on Monday said a revised deal to rework US$3 billion of Eurobonds could not be implemented at this time due to objections from official creditors, including China. Read more…

9. The Electoral Commission of Zambia (ECZ) has submitted to Court that it acted within the confines of the Constitution when it accepted nomination papers for Edgar Lungu in 2021.Read more…

10. Chipolopolo striker, Patson Daka, has earned a place in the EA Sports Team of the Week following his heroics in the World Cup qualifying matches against Congo Brazzaville and Niger. Read more…

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