Zambia
Nigerian investor Prest is pursuing legal action to recover the value of a 24.8% stake in Investrust Bank, which he says was effectively eliminated when the bank was liquidated. The case highlights concerns about investor rights and regulatory transparency in Zambia. A Stalled Investment and Courtroom Battle Prest’s investment vehicle, Bank of Nevis International Limited […]
Kenya has secured a commitment from Zambia to supply up to one million 90-kilogram bags of maize. This agreement aims to stabilize flour prices and replenish the country’s strategic food reserves, which have been impacted by prolonged drought. Maize Price Increases and Supply Concerns Maize flour prices have risen significantly over the past three months. […]
The governments of Zambia and Zimbabwe have committed $220 million each, totaling $440 million, towards the construction of the Batoka Gorge Hydro Electric Scheme (BGHES). This pledge, made at a December 29, 2023 meeting of the Zambezi River Authority (ZRA), aims to improve the project’s financial viability and attract private investors. The ZRA, which already […]
Kenya and Zambia are increasingly utilizing China’s yuan (renminbi) for official transactions, trade, and debt servicing. This shift reflects a broader trend among African economies seeking to reduce reliance on the US dollar and strengthen financial ties with Beijing. Growing Yuan Adoption in Africa Several African nations are exploring the use of the yuan. Ethiopia, […]
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