ZAM focuses on lucrative export markets
Freres Gestion has commenced a dol- lar bond stock take for Zambia after appoint- ing Morrow Sodali collate information on the debt hold- ers and facilitate communica- tions.
ternal debt was last reported at US$11.7billion ( June). The Ministry of Finance has restrict- ed external debt contracting to partnership with Karma Mining Services fund fiscal programs but will external debt restructure with Lazard Freres, a French Investment Banking firm. and Rural Development Limited in use domestic money markets This is according to Mr Mutisunge Consolidated Zulu, trading with South Africa export to raise ready finance,” companies, the Telegraph
obligations Gold Company. to contractors, suppliers and a Non-Executive Chief Macro Business
Chief Executive retirees. Officer, Mabvuto under the Southern Africa which said. have the potential to Strategist at the Kwacha Arbitrageur. Mr Zulu said some of the effects of
Chipata, explained that the purpose Development of Community become The big Telegraph exporters," acknowledged Ms Kwacha Arbitrageur is an economics and an arrears dismantling programme had research unit of the Business Telegraph. the joint venture was to develop a gold (SADC)
exacerbated dollar demand causing a and the USA unMuleya that said. Government’s steps to Government Lazard named in May Morrow this Sodali year to help processing currency and trading rout in operation the absence in of der adequate the African Growth and ZAM,
restore she fiscal said, fitness recognised was com- register Zambian dollar bond holders as part
hired Lazard Freres Gestion of Zambia. reserves. This, he explained, was coupled
of commencement the liability restructuring with expansionary monetary policy Opportunity through Act (AGOA) that plemented despite the by vast talks potenwith the France process. for US$5 million to re- Mr Chipata said the investment was
increase their deep benchmark non-traditional interest rate cuts for 30 to a and 21 years, respectial Washington SADC and based AGOA lender, held, the structure Mr Zulu its US$11 explained billion that Zambia for- had in made line with one of ZCCM-IH’s strategic
historical low of eight percent. exports. tively. lack International of market information Monetary Fund eign debt strides over in fiscal a three fitness year it seeks pe- an economic objectives of Meanwhile, value creation Mr Zulu which said with was an economic
tegic advice and shareholder advisory firm (agent) acting on (IMF), THE recovery programme Association with the of International to diversify More has rebound its investments to been expected done in away 2021, for from the fiscal "These budget awards a serious for an hurdle economic most bailout riod, a Zambia 0.05 percent of the entire seek to was
Monetary Fund (IMF) services to would corporate spell exactly clients how all initiatives behalf aimed of its principle, the Zam- Manufacturers foreign debt portfolio. (ZAM) has copper Zambian to other manufacturers minerals such as to gold recognise champions of inZambian package. manufacturers
He said this in the latest Kwacha around the at growing world, the to economy organise would bian be funded. government. “As Karma Mining Services and Rural Development, our identified Zambia’s Arbitrageur the dollar export Report bond on market Zambia stock Economic and fully other utilise precious metals. Africa On September 25, Finance
information Finance on South the Minister, debt Bwalya hold- and Ng’andu, dustry, This, present who said are the currently Telegraph, exwere expertise facing. is in gold processing, but we are mostly working Outlook: “Extraordinary uncertain times He with said this the 2021 during national the laboratory budget on Friday next as rests an at area US$3 with billion massive in three pothe ers and two facilitate markets communica- in terms porting came a to few South months Africa after and the Ms Minister, with Muleya artisanal Bwalya explained and Ng’andu, small that scale will gold miners.’’
silver-linings as disease pandemic risks media tour week. in Lusaka yesterday. present tential streams ZAM Chief companies the fiscal required budget for deepen.” to of spur maturities growth namely while of tions. “This exports, is also Mr says in Zulu line said with President Government’s Edgar the French Lungu USA in his and investment celebrate banking their some
2021 which many stakeholders spreading 2022, 2024 “In the benefits and interim 2027, appetite throughrespec- for Zambia’s Executive local This according address Officer, to parliament to the Florence Busi- re-opening, ability firm signalled had to been overcome settled the for exto re- technical assistance in aspaper had picked up in June and July classification when of gold as a strategic ore that would be received
include from various dollar bond holders “This laboratory are is targeted at the a wide Magazine. array of initiatives and interventions structure the copper producers out tively. the economy. ness Telegraph at for a Zambia,” media briefing he said. yespects fair share such and as quality operations stanwe are setting up starting with the announcement around the IMF being resource Muleya port market miners, entry who challengwould get a
to the economy to help recoup lost growth
ZAM Lazard, mandated has which to therefore commence is a French talks cited with the terday Consolidated in Lusaka. Gold Company Chief es, as they value have for their achieved material. dards, packaging and Rufunsa, labelwere we are working with small
According to the Telegraph, liabilities, 30-35 percent of Eu- keen on to provide economic
dented by COVID-19. investment Ministry of banking Finance,” firm Mr Zulu has said. Lazard had “The commenced Republican a President cred- has robond set the holders domiciled in direction for Zambia, especially South Africa regretted Faisal Keer, that explained successful
He said local and debt the restructure United had Executive taken Ms Muleya Officer, “As and Karma consistent Mining Services ling to and be Rural able to export scale to miners there and art is anal miners therefore engaged Morrow So- itor grouping tone from process the top to which gear stakeholders Europe seek and United States. after Covid-19 pandemic effects States that Zambia the laboratory had a negative would be trade able to trade.
shape clarity on funding through the estimates dali, a leading of America through provider a confluence (USA) of stra- of as actions up for negotiations with the Development, our expertise these is in market gold
“The of copper producer’s ex- on growth and destinations, fiscal from posture. the surrounding area,” he said. ranging from balance sheet expansion process about revenues 30 samples and expenditures per day. to be presented processing, but we are mostly working two export markets where balance of about US$1.5 billion "The awards will also recwhich they were not Mr curKeer said the laboratory would also
programmes to issuance of longer dated Mr Keer said by Finance the laboratory Minister Dr. was Bwalya critical Ng’andu on with artisanal and small scale gold be open to the general public for them to Zambian COVID-19 manufacturers bonds aimed at could dismantling to and determine of US$96 the the 25 million September gold accurately despite 2020,” he in said. the ognise and miners. not Mr leave Zulu out the rently privy to. come and have their samples tested.