Zambia News

Zambia missed payment of a $42.5 million coupon on one of its dollar-denominated sovereign bonds last monthZambia's total external debt stock stood at $4.8 billion, or 18% of gross domestic product, by the end of 2014 while five years later, it had more than doubled to $11.2 billion, or 48% of GDP

Indian jewellery brand Diacolor has acquired the Inkalamu, a 5,655-carat emerald unearthed from Zambia’s Kagem Mines, the world’s single largest producer of emeraldsZambian emeralds have becomes increasingly popular in recent years, with luxury brands like Chopard, Fabergé’s and Bulgari incorporating the gemstones in their designs

India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, is appealing a lower court ruling that a case in which villagers alleged their land was polluted by a Vedanta unit could be heard in England.

Renaissance Steel has challenged Vedanta's eligibility to bid for Electrosteel Steels as one of its affiliates in Zambia, Konkola Copper Mines, was found guilty of violating environmental laws in that country

In fact, China has been picking up debt wherever IMF or other multilateral agencies are unable to provide a lifeline

Zambia's energy minister Mathhew Nkhuwa talks about Indian firms bidding for the $400 million upgradation contract for the Indeni refinery, learning from India's evolving green economy

Donald Trump say he's delaying a new policy allowing the body parts of African elephants shot for sport to be imported until he can review 'all conservation facts'

Vendata is now targeting raising overall production to 400,000 tons within three years, an amount it said in April could take as many as seven

Pepsi bottler Varun Beverages chairman Ravi Jaipuria says stake increase in the Zambian arm is in line with the company's emerging markets strategy

The claim relates to outstanding payments under a 2013 copper price participation settlement agreement between Vedanta-owned KCM and ZCCM-IH