Tag: Zambia
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IMF to grant Zambia $1.3bn to plug budget deficit
The International Monetary Fund (IMF) may grant Zambia up to 1.3 billion dollar to help plug a budget deficit of around 7 per cent, the lender’s mission chief said on Saturday. Tsidi Tsikata told a joint news conference with the Zambian Finance Ministry in Lusaka that a decision would be made by the IMF board…
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Corruption: Cape Verde, Zambia battle FG at African court over SERAP’s case
There was a “David and Goliath” type court battle last week before the African Court on Human and Peoples’ Rights when Cape Verde and Zambia confronted Nigeria and Uganda over a corruption case instituted by Socio-Economic Rights and Accountability Project (SERAP) before the court. SERAP had in the suit No. 001/2013 sought an advisory opinion…
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Recession: Dangote explores investment opportunities in Zambia
In what seems like searching for greener pastures, the President of the Dangote Group and Africa’s richest man, Alhaji Aliko Dangote has expressed the desire of his group to further consolidate on his existing investments in Zambia and other African countries by exploring opportunities in the energy and agriculture sectors. Dangote spoke at the weekend…
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Zambia needs $20m to phase out incandescent bulbs
Zambia requires about 20 million dollars to completely phase out the use of incandescent bulbs and enforce the use of energy saving bulbs, a senior government official has said on Tuesday. Zambia has already banned the use and manufacture of incandescent bulbs as one way to deal with a power deficit the county has been…
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China-Africa cooperation: Chinese foreign minister visits Nigeria soon
Chinese Foreign Minister, Wang Yi, will follow a two-decade-long diplomatic tradition to make Africa, including Nigeria, his first overseas destination in 2017, a spokesperson said Tuesday. Wang will pay an official visit to Madagascar, Zambia, Tanzania, Republic of Congo and Nigeria from January 7 to 12, Foreign Ministry spokesperson, Geng Shuang, announced at a news…