Zambia
Zambia bonds shrug off election turmoil as Hichilema starts second term with rival facing treason charge
Zambia’s Eurobonds returned 0.8% in dollar terms between the election and Hichilema’s inauguration, compared with 0.3% for the broader African market, according to JPMorgan bond-index data.
Hichilema wins second term as Zambia bets on copper-led growth
President Hakainde Hichilema has a renewed mandate to pursue his goal of increasing copper production to 3mn tonnes a year after stabilising inflation and restructuring much of Zambia’s external debt.
The Black Sea war sends world wheat prices up
The US Department of Agriculture has cut its forecasts for Russian and Ukrainian grain exports because of the Black Sea shipping war. The prices of every rival exporter have gone up.
Zambia votes as Hichilema seeks second term on economic recovery
The vote doubles as a referendum on Hichilema's handling of an economy hauled back from crisis.
Chinese BRI investment announcements in Africa rise 254% y/y in H1 to record $33.5bn
Africa’s surge in Belt and Road Initiative (BRI) investment was driven by several unusually large renewables, green ammonia, metals-processing and manufacturing projects, particularly in Ethiopia and Egypt.
Airtel Money selects London for planned 2026 IPO
Airtel Money is among Africa’s biggest mobile financial services platforms, serving 56.5mn customers across 14 countries.
India's Laxyo enters African underground mining market with $23mn contract at Zambia's Mopani copper mine
Laxyo's expansion into African underground mining marks the Indian company's first overseas project ahead of a planned IPO.
World Bank cuts Sub-Saharan Africa growth forecast as energy shock bites
The World Bank warns that higher energy costs and weaker external demand stemming from the Middle East conflict are outweighing the benefits of structural reforms, stronger commodities prices