Kitwe is today home to thousands of unemployed miners. Malnutrition, prostitution and crime are burgeoning
In less than 4 years, mining laws have changed at least 3 times in the southern African country—offering no certainty to investors
“Africa is moving in a direction of industrialisation. People are beginning to see power as a right”
The most severe energy crisis in Africa’s second biggest copper producer has been made worse by a devastating drought
Zambia facing its worst power crisis yet due to low water levels at the hydropower dams it relies on for 95% of generation capacity
Economy is under strain after a plunge in copper prices to near six-year lows.
We have our own outrageous Donald Trumps—some funny, some just not so.
The government probably doesn’t have the resolve to cut expenditure in an election year.
Hard hit Zambia has contracted a 200-megawatt floating plant to be docked off neighbouring Mozambique’s coast to supply it with electricity.
Zambia asks God to save currency. Impossible? Here are 6 ways the Lord or Allah can fix a broken economy
The "prayer halo effect": The unintended positive consequence of believing that the Almighty or Allah can salvage a troubled economy.
“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
‘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.
Across Africa, commodity-dependent nations from Angola to Ghana and South Africa are facing plunging currencies, worsening inflation and rising debt.
“I am the one who turned it on and I said, ‘Is there enough water for this?’ It was a huge contraption and everybody said ‘yes’”.
Zambian Kwacha wobbles back on its feet as Lungu calls for calm; nation could see lowest growth since 1998
The kwacha has plunged 48% this year, the most out of the more than 150 currencies.
Power crisis and low metal prices cited for ratings cut, while interest payable on debt has jumped two percentage points in just two months.
Sometimes it is your trusty friend who throws you under the bus.
When the weather turns wet, there’s no certainty the water level will be restored immediately.