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LUSAKA, Zambia, December 13, 2010/African Press Organization (APO)The Executive Board of the International Monetary Fund (IMF) today completed the fifth review of Zambia’s economic performance under a program supported by the Extended Credit Facility (ECF). Completion of the review enables the immediate disbursement of an amount equivalent to SDR 18.395 million (about US$28.3 million), bringing

Miners work at the physical edges of our consumer society. Like the canary in the mine shaft, they are sentinels for the triumph, toil and tragedy of the global economic system. Only days after the miraculous rescue of the Chilean miners, Chinese supervisors shot and wounded 11 workers in a coal mine in Zambia on October 15. The labor conflict casts a dark shadow on the track record of Chinese

LUSAKA, Zambia, October 5, 2010An online survey developed by IOM and Zambia’s Office of Diaspora Affairs (ODA) aims to gather up-to-date information on the readiness of Zambians abroad to invest some of their savings, skills and resources in the development of their country. The survey will also provide an updated demographic profile of Zambians abroad, as well as data on their skills, resources,

Lusaka - Zambia has relocated more than 1 500 refugees from neighbouring Democratic Republic of Congo after the closure of a camp, the United Nations refugee agency said on Wednesday.The United Nations High Commissioner for Refugees closed the Kala camp on Tuesday, in the north of Zambia, and was next month expected to close the nearby Mwange camp.“A total of 1 555 Congolese refuges have been

TUNIS, Tunisia, October 1, 2010/African Press Organization (APO)/ — The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group approved on Monday, 27 September 2010 in Tunis, a USD 95.6 million loan to fund the Nacala Corridor Phase II Road project (NCRP) in Zambia.The NCRP aims at promoting economic growth and regional

LE CAIRE, Egypte, 3 août 2010/African Press Organization (APO)Le Directeur Général de la Banque Arabe pour le Développement en Afrique (BADEA), S.E.M. Abdelaziz KHELEF a procédé le 31 juillet 2010 au Caire à la signature de quatre nouveaux accords de prêts en faveur de trois pays africains et d’une Banque Régionale d’Investissement. Ces prêts, d’un montant total de 24 millions de dollars

China on Monday gave Zambia a $53-million loan to build mobile hospitals to serve rural communities, following a visit by a top Chinese official.Dai Bingguo, a member of China's State Council, or cabinet, also said China would provide $4.4-million to existing projects, including a new stadium, housing for civil servants and new government complex."China will continue to provide assistance to

Zamtel has spent US$31 million on laying the optic fibre network countrywide, Transport and Communications Deputy Minister Mubika Mubika told Parliament last week. The deputy minister told the House that the total cost of laying the optic fibre cables was $34 million.He was responding to Chilubi Member of Parliament (MP) Obby Chisala (PF), who wanted to know how much money Zamtel had spent on the

Zambia has lowered its economic growth forecast for 2010 to 5.8 percent from a previous 7 percent, Finance Minister Situmbeko Musokotwane said in a letter to the International Monetary Fund on Monday.Musokotwane also said the government and Bank of Zambia were aiming for inflation of 8 percent by the end of the year. Annual inflation stood at 7.8 percent in June