Nicholas Kabaso

Please click here to access the full Market Watch Local Market Commentary In an online briefing yesterday, Director of the IMF Africa department Abebe Selassie said that IMF hopes to have a mission to Zambia in the coming weeks, where the parameters of a new financing deal can be agreed and that will facilitate debt...

Please click here to access the full Market WatchLocal Market Commentary Ratings agency Moody’s yesterday announced that it had completed a periodic review of a group of issuers that included Zambia. The re-view did not involve a rating committee and does not indicate whether or not a credit rating action is likely in the near-term....

Please click here to access the full Market Watch Local Market Commentary Energy Minister Peter Kapala told lawmakers on Friday that state-owned power utility ZESCO had a total debt portfolio of $3.5bn by Sep-tember 30. Moreover, ZESCO had borrowings of ZMW 30bn ($1.78bn) by the end of 2019, according to its annual report. Meanwhile, ZESCO...

Please click here to access the full Market Watch Local Market Commentary It was a relatively uneventful day in Zambia yesterday amid a dearth of domestic data. On the regional front, Mpho Molomo, a special representative of SADC’s organ on politics yesterday, said that SADC troops helping to fight an Islamic State-linked insurgency on Mozam-bique’s...

Please click here to access the full Market Watch Local Market Commentary In the monetary policy statement for July through December 2021, the Bank of Zambia (BoZ)  indicated that it remains committed to rais-ing its key interest rate should the disinflationary process be slower than expected in returning inflation to within the target range of...

Please click here to access the full Market Watch Local Market Commentary The IMF on Tuesday released its latest World Economic Outlook report, with the main takeaway being that the global growth estimate for 2021 was revised marginally lower. The fund expects that the global economy will expand by 5.9% this year, down 0.1pp from...

Please click here to access the full Market Watch Local Market Commentary Speaking to lawmakers on Friday, Energy Minister Peter Kapala said that Zambia is planning to renegotiate a bulk power-supply agree-ment with Copperbelt Energy Corp. once the lawsuit against the government is concluded. According to Kapala, “We’ll be discussing with CEC, but we can’t...

Please click here to access the full Market Watch Local Market Commentary Vice-President Mutale Nalumango in parliament yesterday said that the country’s total debt to China stood at $5.75bn at the end of Q2. Naulumango added that Zambia, which is targeting an International Monetary Fund by Q1 2022, aims to reach a staff-level agreement with...