Zambia secures US$1,3bn loan from IMF to restore fiscal stability

The International Monetary Fund (IMF) has approved a $1.3 billion loan to indebted Zambia to help restore fiscal stability and is urging the country to fight corruption.

The International Monetary Fund (IMF) has approved a $1.3 billion loan to indebted Zambia to help restore fiscal stability and is urging the country to fight corruption.

Zambia President Hakainde Hichilema, has urged local authorities to reflect on the privileged position they hold, thanks to the Zambian people.

President Hakainde Hichilema has dismissed High Court Judge Sunday Nkonde for gross misconduct with immediate effect.

Local Government Minister Gary Nkombo has been urged to convene a mid-term consultative review of the CDF to get views and suggestions stakeholders on the guidelines.

Zambia has clamped down on opposition politician Chilufya Tayali who recently encouraged revolt against the President Hakainde Hichilema government.

Chishimba Kambwili has told President Hakainde Hichilema to consult his Rwandan counterpart Paul Kagame who was on a two-day visit to Zambia on why his government has chosen to subsidise the price of fuel.

President Hakainde Hichilema has appealed to the Church to actively participate in reuniting Zambia for national development to be a reality.

JOHANNESBURG - President Cyril Ramaphosa on Wednesday cemented bilateral relations between SA and Zambia, after meeting with President Hichilema, the presidency said.

LUSAKA - UPND Lusaka Province Youth Chairperson, Anderson Banda has charged that the current crusade of the recovery of public resources and assets by the ACC and DEC are an act of natural justice and should not be accused on President Hakainde Hichilema.

Chishimba Kambwili has said that what is happening in Zambia under the tutelage of President Hakainde Hichilema “vindicates my decision to leave the UPND alliance. It is worse off than the PF”.