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    Zambia

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    • Wednesday, 22 November, 2023
      Bob Diamond
      Bob Diamond’s Atlas Mara sued over Zambian bank deal

      Lawsuit against lender co-founded by ex-Barclays chief alleges breach of acquisition terms

      Bob Diamond during a TV interview
    • Monday, 20 November, 2023
      Zambia’s debt restructuring derailed after official creditors reject deal

      Bondholders ‘very disappointed and extremely concerned’ over collapse in talks

      Workers in a shaft elevator in a mine in Zambia
    • Monday, 20 November, 2023
      Sovereign bonds
      Zambia’s bondholders are ‘very disappointed’ and ‘deeply concerned’

      CoT strikes back

    • Friday, 10 November, 2023
      Zambia debt deal hits fresh hurdle over official sector concerns

      IMF and foreign governments express reservations over deal agreed with private creditors last month

    • Thursday, 26 October, 2023
      Zambia reaches deal for debt relief on $4bn owed to bondholders

      Investors will see 18% cut in face value of their bonds as three-year restructuring nears conclusion

      Traders pass a truck at Zambia’s border with DRC
    • Thursday, 26 October, 2023
      Sovereign debt
      Zambia’s byzantine restructuring ordeal is almost over

      We have a deal!

    • Tuesday, 12 September, 2023
      Sovereign bonds
      Ten lessons from Zambia’s (incomplete) restructuring 

      Unfortunately, they might not apply elsewhere though

    • Tuesday, 5 September, 2023
      Vedanta Resources PLC
      Vedanta to take back ownership of Zambian copper mine

      Indian group to invest $1bn over 5 years to revive KCM after it struggled under state ownership

      A miner using a machine to excavate copper ore
    • Sunday, 13 August, 2023
      The Big Read
      Zambia’s plan to dig its way out of debt with a copper revival

      With its former mining capital in disrepair, the central African nation is seeking new investment to help reverse its past mistakes

    • Friday, 28 July, 2023
      Emerging market investing
      Distressed nations lead emerging market bond rally

      Progress in restructuring talks in Zambia and Sri Lanka has fuelled a broader rally in beaten-down assets

    • Friday, 23 June, 2023
      Zambia agrees ‘milestone’ debt relief plan with China and other creditors

      Agreement ends years of fraught talks and tackles roughly half of $13bn of external borrowing

      Zambia’s President Hakainde Hichilema:
    • Friday, 21 April, 2023
      HTSIThe HTSI wedding special 2023
      Four dreamy destinations for romantic getaways

      From quiet coastal Vietnam to a next-level safari in Zambia

      The plunge pool at KuKaya lodge
    • Monday, 13 February, 2023
      Zambian finance minister criticises creditor delays in debt restructuring

      Beijing’s demand that multilateral lenders should participate adds to delays

      Zambian finance minister Situmbeko Musokotwane
    • Monday, 23 January, 2023
      China is ‘barrier’ to ending Zambian debt crisis, says Janet Yellen

      US Treasury secretary wants progress from Beijing on deal that has taken ‘far too long’ to resolve

      US Treasury secretary Janet Yellen is greeted by Zambian president Hakainde Hichilema in Lusaka on Monday
    • Monday, 16 January, 2023
      US foreign policy
      Yellen to visit African countries as US steps up overtures

      Washington is seeking to entice nations away from financial and resource ties to China

      Janet Yellen with Zambian president Hakainde Hichilema
    • Saturday, 10 December, 2022
      Peter Hain
      Lead mining pollution in Zambia is an ESG test case

      Investors must decide where they sit in dispute over former Anglo American Kabwe mine

      The lead smelting plant at Kabwe, Zambia, in 1981
    • Wednesday, 19 October, 2022
      Glencore
      Zambia questions ex-minister over alleged Glencore political payment

      Anti-Corruption Commission probe in African nation is latest headache for trading house

      A shaft at the Mopani Copper Mines in Zambia
    • Thursday, 6 October, 2022
      Global Economy
      Zambia’s chance to set the global financial architecture

      Where Lusaka leads, others will follow?

    • Wednesday, 7 September, 2022
      FT News Briefing podcast9 min listen
      EU wants tax to fight ‘astronomic’ electricity bills

      Zambia’s $1.3bn IMF bailout to test how China handles defaults

    • Tuesday, 6 September, 2022
      Zambia seeks $8bn debt relief

      Lusaka’s demand, after it secured an IMF bailout, will test China’s willingness to accept writedowns

      President Hakainde Hichilema’s government secured the $1.3bn IMF loan, two years after Zambia became the first African country to default in the pandemic
    • Thursday, 1 September, 2022
      Zambia’s $1.3bn IMF bailout to test how China handles defaults

      Beijing was Lusaka’s biggest creditor with $6bn in loans before southern African country’s default in 2020

      A Bank of China billboard and a PepsiCo advertisement at Kenneth Kaunda International Airport in Lusaka, Zambia
    • Saturday, 30 July, 2022
      China agrees landmark debt relief deal for Zambia

      Agreement between official creditors paves way for IMF bailout and sets precedent for other troubled economies

    • Wednesday, 27 July, 2022
      Behind the Money podcast17 min listen
      Is Sri Lanka’s economic crisis a canary in the coal mine?

      The south Asian nation is facing dire fuel and food shortages amid ongoing economic and political crises. What does that mean for the rest of the world?

    • Tuesday, 28 June, 2022
      Chinese economy
      China’s pivotal role under scrutiny as Zambia seeks debt relief

      Restructuring closely watched by other countries for signs of how Beijing will respond to defaults

      Volunteers distributing bags of maize in Zambia
    • Wednesday, 18 May, 2022
      Vanessa Nakate
      Debt suffocates African nations’ ability to respond to climate change

      Bondholders are preventing low-income countries from protecting vulnerable populations

      A group of people with sacks of food donated by the World  Food Programme in Zambia
    Previous page You are on page 1 Next page

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