This year's elections have come at a time when Zambia is experiencing its worst drought in decades. A drop in the price of copper -- Zambia's major export -- has also affected the economy. CCTV’s Clementine Logan is in Chingola - one of the biggest mining towns in the region. She filed this report.

#eNCA Courtesy #DStv403

The pump price for petroleum products has been reduced, with the price of petrol going for K24.45 per liter, from K27.59 per liter.
The adjustment downwards of petrol and other petroleum products is with effect from today, the 1st of June. The adjustment comes because of the decline in international oil prices and the depreciation of the Kwacha against the United States Dollar
Zambia energy Regulation Board -ERB- Board Chairperson Reynolds Bowa announced the new reduced prices at a press briefing in Lusaka yesterday.

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Zambia's central bank on Monday raised the statutory reserve ratio, the rate at which commercial banks keep funds in the central bank, following consistent pressure on the foreign exchange market.

Francis Chipimo, the deputy governor in charge of operations at the Bank of Zambia, said in a circular sent to commercial banks that the statutory reserve ratio has been increased from 11.5 percent to 14.5 percent.

"This measure is aimed at relieving the persistent foreign exchange market pressure with a view to reining in inflation," he said, adding that it will take effect on Nov. 13.

Anchor: Perpetua Fasanmi-Peter
Guest: Caesar Cheelo, Development Economists

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Zambia is on the brink of defaulting on its foreign debt, after it missed payment of more than 40-million US dollars last month. It would become the first country in Africa to default on its sovereign debt since the coronavirus pandemic. For more on the Zambia economic crisis we are now joined via Zoom, by Trevor Hambayi a Zamiban Financial Analyst.

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The much-awaited debt restructuring for Zambia is happening very soon. The green light came with a recent agreement by China to be a part of the dialogue.

Finance Minister, Situmbeko Musokotwane confirmed that Beijing will join the discussion.

Chibamba Kanyama, Economist and Former Communication Officer at IMF, joined Tolulope Adeleru-Balogun today on #BusinessEdge to discuss what this means for Zambia.

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Progress In Zambia's Debt Talks, China Leads Negotiations
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Zambia's President has pledged to overcome the nation's crippling power crisis within 12 months. As CCTV's Farai Mwakutuya reports, the government has announced an array of new energy initiatives aiming to prevent the power shortages, which have so badly effected economic activity

Zambian police on Sunday found the bodies of 27 men, believed to be migrants from Ethiopia, dumped in a farming area on the outskirts of the capital. The men are suspected to have died from hunger and exhaustion according to the authorities.

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Kenneth David Kaunda was a teacher and later headmaster at a local school. It was during these years that his interest in politics began. Courtesy #DStv403

In Zambia, like everywhere else on the African continent, China is weaving strong ties the country is a leading investor, donor and friend. Farai Mwakutuya, who was recently in Lusaka covering the elections examines the growing influence of China on Zambia.

Crystal Orderson, eNCA duty editor, who has covered stories across the continent widely joins Clement Manyathela to reflect on the late Kenneth Kaunda. Courtesy #DStv403

The Examination Council of Zambia has hosted the 38th Annual conference of the Association for Education Assessment in Africa (AEAA).
The theme of the conference is Education Assessment for Developing 21st-century skills.


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Educational Development: Zambia Examination Council Hosts Annual Conference
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The escalating conflict between Ukraine and Russia has propelled global commodity prices up, causing price hikes in energy and agriculture sectors in Zambia. The country is feeling the heat as it majorly depends on imports from outside Africa. Here are the details on this and much more across Africa.

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On his two-day visit to Zambia, Rwandan President Paul Kagame and his counterpart Edgar Lungu have signed three deals. They focus on aviation, defence and extradition in an effort to strengthen relations between the two nations. Trade between Zambia and Rwanda has been increasing in recent years. Imports from Zambia to Rwanda grew from 2.8 million dollars in 2015 to 11.6 million dollars last year. Zambia, one of the world's top copper producers, is among the top exporting countries to Rwanda -- accounting for almost 3% of total imports in 2016. Rwanda's national carrier flies to Zambia seven times a week -- an indicator of the depth of bilateral relations

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Away from South Africa, let’s head to Zambia where the minister of Health, Sylvia Masebo says the country has continued to record high numbers of HIV and AIDS infections especially in adolescence and young women.

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Health Challenges: Zambia Records High HIV Infection Rate
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Zambia’s president elect, Hakainde Hichilema beat incumbent Edgar Lungu in a landslide vote last week. #eNCA anchor, Sally Burdett speaks to political analyst Zaynab Mohamed from NKC African Economics in Cape Town. Courtesy #DStv403

Zambia’s road to fiscal and economic recovery has gotten IMF backing with $1.3 billion loan. The nation is battling it's debt and seems to be winning.

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Zambia Gets Approval for $1.3BN IMF Loan
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