Tag Archives: Eurobond

Zambia: Zambia’s Credit Rating Cut by Standard and Poor’s

Story from the Open Zambia WebsiteStandard & Poor’s ratings Chart

Zambia’s credit rating was cut by Standard & Poor’s, which warned of a rapidly widening budget gap and said elections may prevent the government from addressing it.

……………Zambia, Africa’s second-biggest copper producer, has been hit by a slide in prices and has scaled back plans to increase taxes on miners, adding to budget strains. The government has signaled it may sell as much as $2 billion of Eurobonds as it seeks to finance the deficit.  Read More

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Zambia: Zambia’s external debt rises to $4.7b

Debt

Debt

Story from the Zambia Daily Mail Website
ZAMBIA’S external debt stock has increased by US$1.2 billion as at September due to the issuance of the US$1 billion Eurobond in April. Read More

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Zambia: Prof Chirwa’s UK-based Company is Broke

Professor Clive Chirwa. Picture from the Lusaka Times Website
Professor Clive Chirwa. Picture from the Lusaka Times Website

Story from the Zambia Reports Website

Embattled Zambia Railways Limited Profesor Clive Chirwa’s company, Claval Incorporated, is broke and his attempt to award it lucrative quasi-government business was a way of boosting its poor financial status, Zambia Reports has learnt. Click here for the Full Story

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