Zambia's economic trajectory continues to show significant positive momentum, highlighted by major strides in debt resolution and creditworthiness, while national pride focuses on preparations for the upcoming Africa Cup of Nations.
Main Stories
- President Hichilema Highlights Economic Turnaround from 2021 Crisis
Reflecting on the critical economic situation inherited in 2021, characterised by unsustainable borrowing and a massive debt mountain, President Hakainde Hichilema noted that approximately 94% of eligible external debt is now restructured, marking a crucial step towards stability. This progress, confirmed by international partners and evidenced by Standard & Poor's upgrading Zambia's credit rating from Selective Default to CCC+/C, signifies the nation's shift from a high-risk investment case to a more attractive destination, fostering a resurgence in business activity crucial for job creation and national prosperity.
Other Notable Stories
- Sports: Government is finalising the Football Association of Zambia's (FAZ) submitted budget exceeding K40 million for the Chipolopolo's participation in the Morocco 2025 Africa Cup of Nations (AFCON), with the team scheduled to depart for a training camp in Spain ahead of their Group A matches against Morocco, Mali, and Comoros starting December 21.
Key Takeaways & Watchpoints
- Leverage the improved investment climate to ensure tangible benefits, particularly job creation, for Zambian citizens.
- Monitor the finalisation of the national team's AFCON budget and preparations as a matter of national sporting pride and resource allocation.
Article Sources
All News Digests
Generated on December 9, 2025 at 4:44 PM UTC