Tag: Zambia

Zambia: Economic test looms for next administration [Business Africa] | Africanews

Zambia has managed to stabilize its economy after becoming the first sovereign to default on its debt obligations during the Covid-19 pandemic

Nigerian-owned Caribbean bank takes Zambia to court in $40 million fight over failed bank investment

Bank of Nevis International (BONI) has filed for judicial review against the Bank of Zambia, the country’s finance minister and attorney general, claiming regulators unlawfully refused to recognise its 24.8% stake in Investrust Bank before the lender was placed into liquidation in 2024. The case was filed on 22 July, with a hearing expected in…