Zambia’s Anti-Corruption Commission has opened an investigation into an alleged payment made by Glencore, the London-listed trading house, to an unnamed political party. The probe in the southern African nation is the latest headache for Glencore, which has been trying to turn over a fresh leaf under new chief executive Gary Nagle. The Swiss-based trading … Read more
Breadcrumb Trail Links PMN Business Author of the article: Reuters Jorgelina Do Rosario and Rachel Savage Publishing date: Oct 15, 2022 • 16 minutes ago • 2 minute read • Join the conversation Article content WASHINGTON/JOHANNESBURG — Zambia’s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly … Read more
Breadcrumb Trail Links PMN Business Zambia won International Monetary Fund board approval for a $1.3 billion support package, an important step toward the nation restructuring its debt and a boost for the global effort to help indebted developing nations. Author of the article: Bloomberg News Matthew Hill and Taonga Clifford Mitimingi Article content (Bloomberg) — … Read more
In late September 2016, the couple traveled from their Phoenix home to the southern African nation of Zambia, where Bianca Rudolph was determined to add a leopard to her collection of animal trophies. They carried two guns for the hunt: a Remington .375 rifle and a Browning 12-gauge shotgun. After killing other animals during the … Read more
Breadcrumb Trail Links PMN Business Author of the article: Reuters Gayatri Suroyo and Rachel Savage Article content JAKARTA/LONDON — Zambia’s creditors pledged to negotiate a restructuring of the country’s debts on Saturday, a move IMF managing director Kristalina Georgieva welcomed as “clearing the way” for a $1.4 billion Fund program. The creditor committee, co-chaired by … Read more
Zambia’s official creditors led by China have agreed to provide debt relief to the southern African nation, paving the way for an IMF bailout and setting a precedent for how Beijing could work with other lenders to tackle the threat of a wave of defaults across emerging markets. A committee of creditors co-chaired by China … Read more