The Independent Observer
From The Independent Observer: Happy Labour Day
From all of us at The Independent Observer, we wish you a Happy Labour Day. We will always remain here to independently inform you.
Zambia’s forex declining since August 2017
#Zambia FX reserves in decline since Aug 2017 as external debt payments are more-often-than-not now larger than FX inflows. External debt service up 90% in 2019. Can't see a way out of debt challenges without some combo of IMF program $ / China loan reprofiling / PBOC credit line pic.twitter.com/eQaeNsqFOu — Gregory Smith (@emsovdebt) April […]
Atlas Mara Swaps Four African Banks for Stake in Kenya’s Equity
Atlas Mara Ltd. is shaking things up by exiting some of its operations on the continent in exchange for a share of Kenya’s biggest bank by market value. The sub-Saharan African bank, founded by ex-Barclays Plc chief Bob Diamond, will swap its operations in Rwanda, Zambia, Mozambique and Tanzania for a 6.27 percent stake in Nairobi-based Equity […]
Chama calls for collaboration with Turkey on Defence framework
By JOHN SAKALA Minister of Defence, Davies Chama has called for enhanced collaboration between Zambia and Turkey under the framework of the proposed Defence Cooperation Agreement between the two countries. Mr Chama said enhanced defence cooperation with Turkey is timely and in line with Government’s agenda to modernise the Zambia Defence Force as well as […]
GBM ditches UPND, rejoins PF
Former UPND vice president for Administration Geoffrey Bwalya Mwamba (GBM) has resigned from UPND and rejoined the ruling PF.
Alice NachilembeDavis Chama in Turkey to attend Defence fair
Minister of Defence, Davies Chama has arrived in Turkey’s commercial and industrial hub of Istanbul to attend the three-day 14thInternational Defence Industry Fair (IDEF). The Minister will today be among dignitaries invited to attend IDEF, which is will be officially opened by Turkish President Recep Tayyip Erdogan. Mr Chama is also expected to hold bilateral […]
