Tag "Zambian economy"
Could Zambia’s Debt Default Signal a Domino Effect on the African Continent?
In November 2020, news outlets reported that Zambia had become the first African country to default on debt against the backdrop of the Covid-19 pandemic, after opting out of a $42.5 million eurobond repayment. Zambia’s external debt payments have increased significantly since 2014, from 4% of government revenue to an estimated 33% in early 2021. As neighbouring countries in Sub-Saharan Africa continue to suffer the economic squeeze of the pandemic, there are fears that others will follow Zambia in defaulting sooner than experts anticipated.
Under the Radar: Should Zambia finance Eurobonds with marijuana?
Zambia is suffering a severe hangover from its decade long commodity boom, as mounting debt and energy shortages are crippling the once vibrant economy.
Zambia’s president faces tough choices ahead of August election
A shrinking economy, violent escalations, and a possible IMF bailout have put Zambia’s President Lungu in a difficult position ahead of 2016 election.
Copper proves a rocky road for Zambia
Copper mining has fueled economic growth in Zambia over the last decade, but the country risk becoming dependent on a single commodity.
