Matthew Hill

6 days 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.

2 weeks 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.

2 weeks 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.

3 weeks 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.

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

Shoppers walk through the City Market in Lusaka. (Bloomberg) -- Zambia’s annual consumer-price inflation is set to dip below 8% by year-end, the secretary to the treasury said, which would be the first time it falls within the central bank’s target range since 2019. Price growth in the copper-rich southern African nation reached nearly 25% in 2021, months after Zambia became Africa’s first pandemic-era sovereign defaulter, and this year it touched 16.8% in the wake of a crippling drought.