The United States of America have signed a Memorandum of Understanding with Zambia for the development and implementation of strategic priority commercial projects in Zambia.
The MoU will facilitate for the increase in trade and investment between the two countries

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Zambia owes at least 18 Chinese creditors $6.6 billion, nearly twice as much as previously stated, according to a new report published by the China-Africa Research Initiative (CARI) at Johns Hopkins University. And that figure may be even higher as it doesn't account for penalties accrued by various Zambian borrowers who've fallen behind in their payments.

While these latest findings confirm Zambia indeed has a very serious Chinese debt problem, the CARI report, however, details why the situation there is actually very different from that of other African countries that are also struggling to repay Chinese loans.

The report's two authors, CARI Director Deborah Brautigam and Senior Research Assistant Yinxuan Wang join Eric & Cobus from Washington to discuss their findings and explain why Zambia is an outlier when it comes to Chinese debt in Africa.

SHOW NOTES:

China-Africa Research Initiative: How Zambia and China Co-Created a Debt "Tragedy of the Commons" by Deborah Brautigam: https://bit.ly/3DHz5QZ
China-Africa Research Initiative: Zambia’s Chinese Debt in the Pandemic Era by Deborah Brautigam and Yinxuan Wang: https://bit.ly/3axXmfF

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Zambian president Edgar Lungu has concluded his two-day state visit to South Africa. President Lungu ended his stay with a visit to Eskom's Kusile power station construction site where he noted that the two countries have lost time in liaising with each other to make the most of South Africa's power surplus. He encouraged better integration for the southern African region. The South African power utility's board and management provided insights into what the power station will mean to the region when it comes to power provision.

Zambia's Mining Minister Christopher Yaluma says his country will add 1,500 megawatts to its power grid by 2020 in a bid to ease power shortages that have hobbled the copper-producer's economy.
This comes at a time when demand continues to drop for African resources as the Chinese economy slows. In countries like Zambia copper prices have weakened by more than 20 per cent over the past year. Our Reporter Liabo Setho caught up with Yaluma at the Africa Mining Indaba in Cape Town. She asked him if he sees a recovery happening soon.

For more News visit: http://www.sabc.co.za/news

Zambian wildlife authorities plan to test a new system aimed at curbing the conflict between humans and wildlife in the Mosi-oa-Tunya National Park. Due to rampant poaching, it is believed that elephants are moving accross Zambia for refuge, adding further stress on this small area

Zambia's integrated power utility ZESCO has declared that the country has a surplus capacity of about 1 000 megawatts at a time the country is also enjoying an economic rebound. This is happening as neighboring Zimbabwe and South Africa are struggling with daily power cuts. For more news, visit sabcnews.com and also #SABCNews on all Social Media platforms. Yusuf Dodia, Economist

The IMF is working with Zambia to restore macroeconomic stability and foster higher, resilient, and more inclusive growth. In this video, IMF Mission Chief Allison Holland discusses the goals of the reform program.

Press release: https://www.imf.org/en/News/Ar....ticles/2022/08/31/pr
Frequently Asked Questions: https://www.imf.org/en/Countries/ZMB/zambia-qandas

Several countries on the continent are holding discussions with the IMF as they look for funds. The talks often stumble over the sustainability of the nations' debts.

READ MORE : https://[a]www.africanews.com%2F2022%2F07%2F15%2Fimf-awaits-creditor-agreements-on-chad-ethiopia-zambia-debts[/a]

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President Hichilema has instructed Home Affairs and Internal Security Minister JACK MWIIMBU to ensure that Police protect all citizens. This is following the unfortunate incident in KASAMA where group of youths assaulted the District Administrative Officer.
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The rise in copper production in Zambia in the last decade has at least in part helped drive a substantial increase in the real GDP growth rate, notably since 2005. Joining ABN's Samantha Loring is David Cowan, Africa Economist at CitiBank.

Zambia like many other countries has shifted its foreign policy agenda to concentrate on reaping economic benefits from bilateral and multilateral engagements. In this programme, Pennipher Sikainda-Nyirenda looks at the economic value of the recent State Visits Zambia has hosted. She features a wide range of guests including the government and private sector players.

Kenneth Kaunda is being remembered as a true African icon. The 97-year-old former statesman passed away after being treated for pneumonia. The government has declared 21 days of national mourning, with flags flying at half-mast. Kaunda ruled Zambia for 27-years after the country gained independence from Britain in 1964. Political analyst Cholwe Chibomba discusses Kaunda's legacy. Courtesy #DStv403

(3 Aug 2005)

++AUDIO DISTORTED ON PARTS OF SOUNDBITE+

1. Crowd at press conference
2. Closer shot of crowd
3. SOUNDBITE (English) Levy Mwanawasa, President of Zambia
"I want to address them on this issue, that's the issue of Mr Aswat, the man who is detained for terrorist activities. He was actually held for violating the immigration regulations, but in the cause of the investigations, the alleged terrorist activities were discovered. Now we have had these discussions with the governments of the United Kingdom and United States and it has finally been agreed that this man - he's a Briton - should be deported to his country, the United Kingdom."

STORYLINE:

A man held in Zambia suspected of terror links will be deported to Britain, Zambia's president said Wednesday.

British and American investigators have interrogated Haroon Rashid Aswat - a British citizen of Indian descent - in Zambia and agreed he should be deported to Britain, President Levy Mwanawasa said.

No date for the deportation was given.

Mwanawasa told a news conference that after discussions with the British and US governments "it has finally been agreed that this man - he's a Briton - should be deported to his country, the United Kingdom."

Zambian authorities have been questioning Aswat, 31, about 20 phone calls made with some of the July 7 bombers on his South African cell phone.

Mwanawasa said "it was alleged that he was involved in terrorist activities."

But British newspaper reports quoting British intelligence sources have in recent days played down the possibility Aswat masterminded the London bombings.

Aswat grew up in Dewsbury, in Britain's West Yorkshire, the home of Mohammed Sidique Khan, one of the July 7 bombers.

He was reportedly once an associate of Abu Hamza al-Masri, a radical Muslim preacher who is awaiting trial in Britain on charges of incitement to murder.

Aswat has also been implicated in a 1999 plot to establish a terrorist training camp in the western U.S. state of Oregon, hostage-taking in Yemen and funding terror training in Afghanistan.

Zambian police said intelligence agents followed Aswat to Lusaka after he entered the country from Botswana and arrested him at a house in the capital on July 20.

Before he was detained in Zambia, Aswat had been in Johannesburg, South Africa.

Zambian officials also said Aswat made frequent trips to Mozambique and Botswana.

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Zambia's recent economic growth has been powered by its vast copper resources. However, given the slump in copper prices, and domestic factors, the party is now over. Higher mining royalties announced last year could cut off new investment into a sector which, as CCTV's Farai Mwakutuya explains, is now reeling from plummeting global prices

Shocking truck crash footage - Pinetown truck crashes

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September 6 - Shocking footage of the Pinetown truck accident. The accident claimed more than a dozen lives on Thursday night. Warning: The visuals you are about to watch are of a graphic nature.

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Zambia and Zimbabwe have been facing chronic power shortages as water levels at the Kariba dam continue to decline. The two southern African countries both use the dam to generate electricity, but the shortages have been especially hard on Zambia whose economy is already battling a crisis in its copper mining sector.

COURTESY OF MUVI TV

The Patriotic Front party has rejected the results of the just-ended Kabwata parliamentary elections. The party’s acting Secretary General Hon. Nickson Chilangwa said elections were not free and fair citing widespread intimidation, violence, and manipulation.
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Zambia Patriotic Front Encouraged to Petition Kabwata Election Results
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Former Zambian president Kenneth Kaunda has died aged 97. Kaunda became the first president of independent Zambia, serving from 1964 to 1991. Courtesy #DStv403