“These days are like the last days": All bars, nightclubs and entertainment venues instructed to shut on Sunday, for nation to pray for its currency.
Zambia sits tight over gaping budget hole, but admits all options on the table—even the 'dreaded' IMF>Matthew Hill, Bloomberg
‘There will be no question of any embarrassment whatsoever. It’s not a taboo to go to the IMF’, says finance minister as country on the ropes.
UPDATED: It’s a tough time to be a Zambian, as officials concede battered economy at mercy of global markets>Matthew Hill, Bloomberg
President wades in after country's money-men said they were short on solid options in a volatile economic environment.
Ghana, Angola, Tanzania and Nigeria have signalled plans to sell debt in coming months, but it may be painful as prospect of a stronger dollar lurks.
The government has raised $1.75 billion in two separate dollar-bond sales since 2012.
The sudden illness of yet another Zambian head of state is bound to create jitters and cause some concern.