News & Analysis: Zambia

Southern Africa: Why risk financing is critically important during COVID-19 recovery

“We don’t know how long the COVID-19 pandemic will last, but the prospect of finding an effective vaccine is likely. In contrast, the risk of climatic shocks remains. Many countries in the Southern Africa region have taken the first steps in increasing their financial preparedness to respond to shocks.”

via World Bank

Kenyan company starts exporting COVID-19 swabs

“Revital Health Care Limited has begun exporting COVID-19 reagents to 14 countries including Uganda, Tanzania, Malawi, Namibia, and Zambia among others. The chairman said Revital health care limited was the only company in Africa which can manufacture 80, 000 viral transport media and swabs a day.”

via The Star (Kenya)

Bondholders need to forgive some African sovereign debt

“A high risk of default has been priced into African bonds. The warning signs have been clear for everyone to see. The pandemic brought the day of reckoning forward.”

via Financial Times

World Bank Continuous Support to Empower Zambia’s Women, Girls, and the Poorest Households

“Earlier this month, the Zambian government and the World Bank have signed a credit agreement for additional financing to support the Girls Education and Women’s Empowerment Project.”

via World Bank

China dithers on Africa debt forgiveness over ‘complex’ loans

“In June, President Xi said China would cancel interest-free debt owed by ‘relevant’ African countries as part of Beijing’s move to help the continent during the COVID-19 pandemic. But most of China’s debt is concessional or issued by private entities meaning the credit is harder to forgive.”

via The East African

Interview with Dr. Natasha Kaoma: Maintaining Community Work and Reproductive Health Efforts during the Pandemic

Dr. Natasha Kaoma, CEO of Copper Rose Zambia, an NGO working on issues of adolescent sexual and reproductive health, speaks to COVID-19 Africa Watch about how the COVID-19 pandemic has impacted her organization’s work.

via COVID-19 Africa Watch

Coronavirus: Parliament shuts down for a second time due to COVID-19 (Zambia)

“Parliament is tomorrow expected to adjourn Sine Die following the rise in COVID-19 cases. According to an order paper for Tuesday, July 21, the Vice President Inonge Wina will issue a Notice of Motion to request the House to adjourn in view of the Coronavirus pandemic.”

via Mwebantu

Southern Africa’s tourism industry desperate to reopen

“The coronavirus pandemic has decimated tourism across Southern Africa, dealing a devastating blow to hotels, private lodges and tour guides reliant on luxury vacations and raising questions about whether and how the industry can be quickly and safely reopened.”

via African Business Magazine

Private lenders need to step up on African debt relief

“The impasse between the G-20 and international financiers has bolstered the position of Chinese lenders, who hold an additional $64 billion of disbursed credits in Africa alone, and who also are pursuing painstaking restructuring talks. Taken together, the position of the Chinese and the financiers could make it harder for African governments to respond to the pandemic.”

via Atlantic Council

Interview with Betty Wilkinson: Financial Stress and Pathways for COVID-19 Resilience in Zambia

Betty Wilkinson, CEO, Financial Sector Deepening Zambia, speaks to COVID-19 Africa Watch about the economic impacts of the pandemic in Zambia and the way her group and others are responding.

via COVID-19 Africa Watch