Zambia braces for IMF crunch talks
09 February 2021 | 2:41 pm
Zambia has been gearing up for talks with the IMF after becoming the first African nation to default on debt since the COVID-19 pandemic started. But analysts say an IMF loan is unlikely until after August elections.
In this article
16 Aug 2021
A veteran opposition leader and former businessman, President-elect Hakainde Hichilema is now faced with turning around Zambia's debt-laden economy.
19 Aug 2021
Tonight, the ‘cattle boy’ millionaire who won Zambia’s Presidential election – our team tells us more. In Nigeria, a partial curfew is imposed after more than 20 Muslim travellers were killed on Saturday, and Cameroon gears up for the African Cup of Nations in just a few short month’s time.
17 Aug 2021
Zambia's President-Elect Hakainde Hichilema thanked outgoing President Edgar Lungu for conceding defeat after a landslide election win on Monday (August 16). With all but one constituency counted, Hichilema won 2,810,777 votes against Lungu's 1,814,201, and was declared president by the electoral commission. It marked the country's third peaceful handover of power to an opposition party. Speaking to supporters Hichilema also thanked Zambians for voting for him.
25 Aug 2021
The election victory of Zambia's newly inaugurated President Hakainde Hichilema is a boon for democracy in southern Africa. But he faces the monumental task of rebuilding confidence in Zambia's democracy and economy.
6 Sep 2021
In an effort to stem incidences of business failures in the corporate polity, H. Michael & Co. founder Dr. Adeyinka Hassan in commemoration of its 10th anniversary put together a conference tagged: Corporate Governance and Enterprise Development Conference. The well-attended conference examined the imperatives of corporate governance for the success of business enterprises in Nigeria, creating economic stability and business sustainability.
3 Oct 2021
The Social Democrats' narrow victory in Germany's federal elections suggests the country could be heading into a more progressive future. As coalition talks get started, business leaders want their priorities heard.
9 Oct 2021
The standoff over migrants entering the EU between Minsk and Warsaw has hit local Polish businesses near the border, many reliant on tourism. With the winter coming and no end in sight to the crisis, DW visited the area.
27 Oct 2021
Report: Africa to see less funding for fossil fuels - Nigeria introduces eNaira digital currency - Solar powered vehicles made in Germany?
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Benefitting from soaring demand for online ads, Google's parent company Alphabet reported nearly $19 billion in profits between July and September, up 68 percent from the same period last year. Microsoft's earnings also beat expectations, while French consumers are gearing up for some price hikes at the bakery.
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Bar owner Mohamed Lamin Mansaray told everyone to run away from his bar just before a fuel tanker exploded following a traffic collision, killing at least 99 people and injuring hundreds more on Friday (November 5) in Sierra Leone. The explosion destroyed Mansaray's business killing a staff member and destroying his home, which he had built for himself and his 10 family members. "We are getting into festive season....I have just purchased a brand new musical set, lots of drinks from the Sierra Leone brewery and chairs that worth about Le 270,000,000 (24,700 USD). Property that I have lost and one of my staff died”, said Mansaray while pointing at what is left of his business.
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2021 brought big changes to households and businesses around the world. In the last show of the season, Stephen Carroll and Kate Moody take a look at some of the biggest business and economic stories of the year and how they might evolve in 2022.
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