Matthew Hill

Cape Town, Zambia

Reporter at Bloomberg News

Reporting for work. mhill58 at bloomberg dot net + own opinions here Also @matthill3.bsky.social

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Articles

Ex-Leader’s Funeral Stalls as Zambia, Family Feud in Court

3 days ago | bloomberg.com | Taonga Clifford Mitimingi |Matthew Hill

Edgar Lungu in 2017. (Bloomberg) -- A Pretoria court further delayed the funeral of ex-Zambian President Edgar Lungu, after his nation’s government sought to block his family from burying him in South Africa, where he died June 5. The case will be heard on Aug. 4 and Lungu can’t be buried until the matter is concluded, according to a court ruling broadcast on South African state television on Wednesday.
A Cautionary Tale of Commodity Booms and Busts

2 weeks ago | bloomberg.com | Matthew Hill |Gordon Bell

Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email.
African Ratings Company Plans to Launch in Third Quarter

2 weeks ago | bloomberg.com | Matthew Hill

The governments of Ghana and Zambia have in recent years lashed out at ratings companies for downgrades. (Bloomberg) -- The African Credit Rating Agency, a continental initiative to provide alternative assessments of repayment risks, plans to start operations by the end of September.
TDB Warns Losses on African Development Banks Set Dangerous Precedent - Bloomberg

3 weeks ago | bloomberg.com | Katarina Hoije |Matthew Hill

Forcing African development lenders to take losses in sovereign debt restructurings would set a dangerous precedent and increase the cost of financing on the continent, TDB Managing Director Admassu Tadesse cautioned.
Zambia Joins Ghana in Asserting Afreximbank Debt-Rework Plan - Bloomberg

1 month ago | bloomberg.com | Katarina Hoije |Matthew Hill

Zambia will restructure its debt with regional lenders including the African Export-Import Bank and remain in default on those payments until it completes the process, Finance Minister Situmbeko Musokotwane said.
25 African Startups to Watch in 2025

1 month ago | bloomberg.com | Rivaldo Jantjies |Loni Prinsloo |Matthew Hill

These solutions-oriented companies are focused on tackling regional challenges including health care, food storage and banking services. Bloomberg’s inaugural list of African startups highlights companies developing innovative solutions to the continent’s many challenges. Investors fled Africa last year as interest rates in developed nations peaked, leading to a 22% drop in funding.
Trump AfDB Cut Calls for Realignment, Aspiring Leader Says

1 month ago | bloomberg.com | Matthew Hill

The headquarters of the African Development Bank in Abidjan, Ivory Coast, in 2022. (Bloomberg) -- US President Donald Trump’s plan to cut hundreds of millions of dollars of funding to the African Development Bank will have outsized repercussions, said Samuel Maimbo, who plans on engaging the superpower if he’s elected to lead the lender later this month.
Zambia Mines Ministry to Unveil Local Content Rules by End June

1 month ago | news.bloomberglaw.com | Taonga Clifford Mitimingi |Matthew Hill

Zambia will by the end of this quarter announce new regulations governing the level of goods and services mining companies must give preference to local suppliers, the Ministry of Mines and Minerals Development said. The copper-rich nation’s government is still consulting with the industry and other relevant stakeholders on the matter, Paul Kabuswe told reporters Wednesday in Lusaka, the capital.
Why was Shedeur Sanders not drafted in the first round of the NFL Draft?

2 months ago | medium.com | Matthew Hill

By Matt HillFormer Colorado quarterback and famous son of Hall of Fame football player turned collegiate coach Deion Sanders had quite the party going on Thursday night. They had an electric atmosphere and some hip hop music playing, as shown on NFL Network. The party was on and about 8pm, Sanders’ name was supposed to in their eyes, to be called. There was only one problem. The call never came.
Zambia to Finalize Bilateral Debt-Revamp Deals by September

2 months ago | bloomberg.com | Matthew Hill

Situmbeko Musokotwane(Bloomberg) -- Zambia aims to sign debt-restructuring deals with its remaining bilateral creditors by the third quarter, said Finance Minister Situmbeko Musokotwane, helping to bring closure to a years-long effort. The copper-rich southern African nation has already finalized deals with France and Saudi Arabia, yet agreements with other creditor countries — including the largest, China — remain pending.