US cuts $50mn health aid to Zambia over medicines theft

The United States will reduce its annual medical funding to Zambia by $50 million due to the Zambian government's inadequate response to the theft and sale of donated drugs. Ambassador Michael Gonzales stated that despite repeated requests to …

Zambia Signs $335m Debt Restructuring Deal with India’s Exim Bank

The government has signed a bilateral agreement with EXIM Bank of India to restructure $335 million of Zambia’s debt. Finance and National Planning Minister Dr Situmbeko Musokotwane said the deal covered $320 million owed by the central government and $15 …

Zambia’s real estate growth surge

BUUMBA CHIMBULU THE demand for student hostels and warehousing facilities has surged in recent years, positioning these two subsectors as key growth drivers in the country’s real estate market, according to Stanbic Bank Zambia. Stanbic Bank Head of …

US says it will reduce health aid to Zambia because medicines were stolen and sold

US cuts K1.4 billion in health aid to Zambia over rampant theft of life-saving medicines including ARVs intended for ...

THE United States government has announced that it has cut K1.4 billion approximately $50 million in annual funding for malaria, HIV, and TB medications due to government’s failure to address widespread theft of donated medical supplies. Speaking at a …

Zambia goes paperless to save $15 million annually

Privet, Victoria from Techpoint here, Here’s what I’ve got for you today: Zambia goes paperless to save $15M Why SA’s PayShap is not catching on Worldcoin loses face in Kenya Zambia goes paperless to save $15M Going paperless isn’t just a trend anymore. It …

Tanzania, Zambia experts meet to develop boarder work plan

SONGWE: A joint committee meeting of experts from Tanzania and Zambia is taking place in Songwe Region with eyes on  a work plan developed to strengthening international boarder between the two Southern African Development Community (SADC) member countries …

Zambia, EXIM India sign debt restructuring deal

BUUMBA CHIMBULU ZAMBIA has signed a debt restructuring agreement with the Export-Import Bank of India (EXIM India), marking a significant milestone in the country’s ongoing efforts to manage its debt under the G20 Common Framework. The agreement covers US$ …

Zambia’s economy performing well, says Haabazoka

MWAKA MWANSA FORMER Economics Association of Zambia president Dr Lubinda Haabazoka, says the country’s economy is performing well despite some challenges being faced. Dr Haabazoka said the country in the recent past faced challenges such as drought and …

Aamiya stands out for Zambia

10-yr-old scoops second prize in SADC golf tourney MWAKA LENGALENGA Lusaka TEN-YEAR-OLD Aamiya Mpolele has made Zambia proud by winning second prize at the SADC Delta Botswana Junior Golf Championship. The tournament brought together more than 70 boys and …