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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.
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1 month 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.
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2 months ago | 
bloomberg.com | Antony Sguazzin |Taonga Clifford Mitimingi
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. In a remote corner of eastern Zambia, electricity is transforming lives.
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2 months ago | 
flipboard.com | Antony Sguazzin |Taonga Clifford Mitimingi
18 hours agoMorocco: People in Rabat rally in solidarity with PalestineRabat, Morocco - March 29, 2025 This footage illustrates a huge crowd of people carrying flags and banners who gathered in Rabat, Morocco, to rally in solidarity with Palestine and denounce the ongoing military actions in Gaza.
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2 months ago | 
bloomberg.com | Antony Sguazzin |Taonga Clifford Mitimingi
Share this articleWhen strips of solar panels arrived in his remote village in northeast Zambia, Damaseke Mwale saw an opportunity. He bought land, built a house and set up businesses including a grocery store and a hall to charge people to watch football matches. “From there, that’s where my life changed,” Mwale, 41, said as he sat in his living room next door to his small store. Even his children’s school grades improved because they were able to study at night, he said.
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2 months ago | 
bloomberg.com | Godfrey Marawanyika |Taonga Clifford Mitimingi
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
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Dec 10, 2024 | 
bloomberg.com | Taonga Clifford Mitimingi
A Zambian court ruled that former President Edgar Lungu cannot stand in future elections for the nation’s top office, as he has already held it twice. For that reason, Lungu is ineligible under the constitution “to participate in any future elections as a presidential candidate,” Constitutional Court Deputy President Arnold Shilimi said in a televised judgment on Tuesday.
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Dec 10, 2024 | 
yahoo.com | Taonga Clifford Mitimingi
(Bloomberg) -- A Zambian court ruled that former President Edgar Lungu cannot stand in future elections for the nation’s top office, as he has already held it twice. Most Read from BloombergFor that reason, Lungu is ineligible under the constitution “to participate in any future elections as a presidential candidate,” Constitutional Court Deputy President Arnold Shilimi said in a televised judgment on Tuesday.
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Dec 10, 2024 | 
bnnbloomberg.ca | Taonga Clifford Mitimingi
(Bloomberg) -- Copperbelt Energy Corp., a Zambian power supplier, issued a $97 million green bond to expand what will be one of the country’s biggest solar plants. The company’s renewable unit will use the financing to develop a second phase of the Itimpi Solar Project, adding 136 megawatts to reach 250 megawatts of capacity by next year, Owen Silavwe, CEC managing director, told reporters Friday in Lusaka, the capital.
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Dec 9, 2024 | 
bloomberg.com | Taonga Clifford Mitimingi |Matthew Hill
Zambia is seeking to remedy an erroneous payment made by its power utility to China while it is still finalizing a prolonged debt restructuring deal with the nation, a Treasury official said. Zesco Ltd. had been accumulating revenues from electricity sales in a securitized account from a power plant that Chinese companies built and financed, and “unfortunately” transferred about $80 million from the account, Secretary to the Treasury Felix Nkulukusa said.
