Zambia?s Eurobonds extended losses on Wednesday and its currency tumbled to a record low.
Drought has plunged millions of Zambians and Zimbabweans into darkness as hydro-power dams drain, and their governments? debt is making matters worse.
An outbreak of fall armyworms that has attacked corn plants in South Africa may spread to sugarcane in the KwaZulu-Natal province.
More than 40 million people in the SADC region face food insecurity as a result of the drought.
Preventing a humanitarian disaster as drought grips southern Africa is made harder by plunging currencies, says the World Food Programme.
A former finance minister says Zambia needs emergency funding from the IMF to prevent further deterioration in the economy.
The Bank of Zambia selling dollars into the market and raising its overnight lending rate “sends a very powerful signal”.
Zambian President Edgar Lungu said he won’t allow Glencore’s local unit to cut about 4 000 jobs.
Zambian President Edgar Lungu urges his people to pray for divine intervention as the kwacha’s decline continues.
Mopani Copper Mines cites lower copper prices and an electricity shortage as the reasons behind its decision to cut jobs.
Standard & Poor’s said there isn’t major risk of a rush to downgrade African debt amid a slowdown in China.
Energy-use curbs by Zambia will keep its largest electricity plant at the world’s biggest dam, Lake Kariba, going until November.
Plinian Capital founder Brad Mills plans to raise $40m from private equity funds to restart a Zambian nickel mine where operations ceased in 2012.
Zambia’s central bank raised its benchmark interest rate on Friday for a second consecutive meeting to a record high to stem a slide in the currency and tame inflation. ...
Shoprite Holdings had fired almost 3 000 workers who were striking over pay and working conditions in Zambia, their union said yesterday.
