A Zambian opposition coalition, the United Kwacha Alliance (UKA), has lampooned President Hakainde Hichilema over his claims that the country’s economy was picking up following a...
A spokesperson of Zambia’s foreign ministry has stated that one of its major creditors, China, has remained supportive of Zambia’s debt restructuring. The diplomat did not,...
Barely days after Zambia announced a significant development in resolving its protracted debt restructuring, Mohammed Amin Adam, Ghana’s Finance Minister, declared on Tuesday that the administration...
In response to calls for compromise from the International Monetary Fund’s Africa head, Zambia’s finance minister, Situmbeko Musokotwane, stated on Monday that he was unable to...
Sources with firsthand information quoted by Reuters claim that Ghana wants to restructure its debt simply by exchanging its existing bonds for new notes in order...
Zambia’s central bank says it is concerned over recent economic developments in the country, particularly the current high inflation rate, volatility of its currency, Kwacha, and...
Following the conclusion of its second review of Zambia’s Extended Credit Facility (ECF), the Executive Board of the International Monetary Fund (IMF) has disbursed roughly US$187...
Ghana’s Finance Minister, Ken Ofori-Atta, is confident his country will soon conclude the process for a restructuring deal with its official creditors by the end of...
Zambia’s Finance Minister, Situmbeko Musokotwane, has revealed that long delays in his country’s debt restructuring are affecting investments and economic growth. Musokotwane said the development had...
Zambia’s finance ministry Saturday said the country had agreed to a memorandum of understanding (MoU) with its bilateral creditors on restructuring about $6.3 billion of debt....