2021 September

Please click here to access the full Market Watch Local Market Commentary In response to a study by the China Africa Research Initiative on Tuesday, Zambia’s finance ministry said that the government’s official re-porting on public debt is “broadly consistent” with figures reported in the study. The finance ministry added that Zambia’s reporting on public...

Please click here to access the full Market Watch Local Market Commentary The marked rally in Zambian hard currency sovereign bonds, triggered by the landslide victory of Hakainde Hichilema, has come to a halt this month. In fact, Zambian Eurobonds have come under renewed selling pressure in recent sessions as a wave of domestic and...

  Please click here to access the full Market Watch Local Market Commentary Upon completion of the International Monetary Fund’s week-long technical mission, the first to Zambia since opposition leader Hakainde Hichilema came into power, the IMF said that Zambia needs to quickly restore macroeconomic, fiscal, and debt stability. This comes as the Zambian government...

Please click here to access the full Market Watch Local Market Commentary Following his meeting with IMF managing director Kristalina Georgieva, President Hakainde Hichilema said that an IMF facility for Zambia will boost the country’s chances of dealing with its debt challenges.  According to Hichilema, “the IMF’s role in the international monetary system will come...

Please click here to access the full Market Watch Local Market Commentary In a statement posted on the Finance Ministry’s social account, new Finance Minister Situmbeko Musokotwane yesterday said that talks with the International Monetary Fund in Washington were “very progressive.” The minister further noted that key issues discussed were timelines and immediate steps that...

Local Market Commentary President Hakainde Hichilema is set to meet the IMF and World Bank in Washington as the country tries to secure a lending program. However, the statement, issued from New York by President Hakainde Hichilema’s spokesman Anthony Bwalya, did not say when the meetings would take place. Note President Hichilema is in the...

Please click here to access the full Market Watch Local Market Commentary With the domestic quiet in the session ahead, attention will rest on external developments. Aside from the FOMC meeting today, Zambi-an attention may also rest with President Hakainde Hichilema’s keynote speech to the 76th Session of the United Nations General As-sembly in New...

Please click here to access the full Market Watch Local Market Commentary In comments made during a tour of the country’s copper belt yesterday, Mines Minister Paul Kabuswe criticized the previous administra-tion’s push to liquidate Vedanta’s Konkola Copper Mines (KCM) unit, which triggered years of wrangling between the company and the government. Kabuswe was quoted...

Please click here to access the full Market Watch Local Market Commentary It is a quiet start to the week, and hence attention may fall on President Hichilema’s overseas trip. While on his trip to the United States of America for the 76th Session of the United Nations General Assembly, President Hakainde Hichilema is set...

Please click here to access the full Market Watch Local Market Commentary To deal with power shortages that have resulted in rolling blackouts for around 12 hours a day in the country, Zimbabwe has asked Mozambique and Zambia to supply it with more electricity. Energy Minister Soda Zhemu was quoted as saying, “we are in...