Hakainde Hichilema
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Africa & World
UK commits to support Zambia’s economic recovery plan
THE United Kingdom has pledged to support the Zambian government’s plan to return to a position of debt sustainability, which is aimed at growing the country’s economy, attracting investors and creating jobs. This commitment has been made through the Minister for Africa, Foreign, Commonwealth and Development Office for the United Kingdom (UK) of Great Britain and Northern Ireland, Vicky Ford.…
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Africa & World
Zambia’s biggest creditors range from China to a local furniture seller
Zambia published a full list of its 44 external creditors that shows the central government owes Chinese lenders more than one-third of its total $13.4 billion of foreign-currency debt stock. The list includes more obscure funding sources, such as a $306 million loan from a local furniture supplier called Mikalile Trading Co. Total public-sector debt, including foreign- and local-currency loans…
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Africa & World
Hichilema fires Cabinet Secretary, dissolves 5 parastatal boards
ZAMBIAN President Hakainde Hichilema has, with immediate effect, dismissed the secretary to the cabinet Simon Miti and dissolved boards of ZESCO Limited, Zambia Railways, Indeni Petroleum Refinery Company, and ZAMTEL. According to the press statement issued to the media Tuesday evening by the Lusaka State House, Hichilema has since appointed the Deputy Secretary to the Cabinet for Administration Patrick Kangwa…
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