LONDON (Reuters) – Zambia’s debt restructuring has been a complex, three-year process, which suffered a serious setback on Monday when bilateral creditors, including China, effectively ordered it secure more debt …
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Business News
IMF board to meet on July 12 for first review of Zambia’s programme -sources
by Reutersby ReutersBy Jorgelina do Rosario LONDON (Reuters) – The International Monetary Fund executive board will meet on July 12 to complete the first review of its $1.3 billion extended fund facility …
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US and World News
Barrick CEO says Zambia’s Lumwana mine life could be extended to 2060
by Reutersby ReutersLUSAKA (Reuters) – Barrick Gold Corp said promising drill results could see the life of its Zambian Lumwana copper mine extended to 2060 from 2042, its Chief Executive Officer Mark …
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Financial News
Zambia’s creditors seen offering financial assurances by end-July -source
by Reutersby ReutersBy Andrea Shalal WASHINGTON – Zambia’s official creditors are expected to offer it financial assurances by the end of July, paving the way for the first debt restructuring under a …
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LUSAKA – Zambia’s central bank on Wednesday left its main lending rate unchanged at 9% as inflation slowed, Governor Denny Kalyalya told a news conference. However, Kalyalya said a projected …