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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...

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Please click here to access the full Market Watch Local Market Commentary Speaking yesterday, new Mines Minister Paul Kabuswe promised to restore ‘sanity’ to the mining sector. Kabuswe said that the govern-ment would ensure stability and predictability in the mining sector. The minister added that corruption must be stamped out in the sector and said,...

Please click here to access the full Market Watch Local Market Commentary In its Q2 economic report released yesterday, Zambia’s finance ministry reported that the country’s arrears for external debt principal and interest payments increased to $1.48bn by June 30 from $841mn at the end of December. The government’s stock of verified domes-tic arrears, excluding...

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Please click here to access the full Market Watch Local Market Commentary President Hakainde Hichilema has told lawmakers that the government will consult stakeholders in reviewing the mining tax policy framework. Hakainde added that the government will ensure that it receives a “fair share” from mineral wealth and that electricity tariffs reflect generation costs.  Moreover,...

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Please click here to access the full Market Watch Local Market Commentary Yesterday, Bank of Zambia governor Christopher Mvunga resigned from his post, following opposition leader Hakainde Hichilema’s elec-tion win in August. Note Mvunga has spent just over twelve months on the job. President Hichilema has therefore appointed deputy governor Francis Chipimo to act in...

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