Tag: Zambia
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Zambia mining company to fuel progress with 300 MW coal-fired power plant
Zambia’s Maamba Collieries will build it over two years starting in August, its local shareholder ZCCM-IH announced. The country has been importing and rationing electricity after a drought hit hydropower generation, the main power source for Africa’s second-largest copper producer. “The project’s total cost is estimated at $400 million, with a consortium of debt investors…
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Desperate Zimbabweans cross Zambia border for cheaper healthcare, medicines
With essential drugs and specialised care expensive or unavailable, poor Zimbabweans opt to travel long distances to seek treatment. At 5pm at the Victoria Falls border post, Margaret – who has a 24-hour day pass to be in Zambia – is in a rush to return home to Zimbabwe before dusk. This is not the…
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Vedanta set to regain control of Zambia copper mine
Vedanta Resources Ltd. is close to taking back control of the Konkola copper mine in Zambia and plans to quickly ramp up output as demand is expected to surge in the coming years. Billionaire Anil Agarwal’s firm is ready to pay $250 million to settle debts owed by the mine to get access to the…
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“In BRICS, there is the aspect of skills transfer,” chairwoman of BRICS WBA’s Zambia chapter says
🇿🇲 “There’s a lot of expertise in BRICS that we feel our women can benefit from because we are still in a developing economy, the other people are already sort of advanced,” Chairwoman of BRICS Women’s Business Alliance Zambia Country Chapter Kutemba Konga told Sputnik Africa on the sidelines of the first BRICS Women’s Entrepreneurship…
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Zambia teams up with Russian cybersecurity giant Kaspersky to tackle cybercrime
This week, Kaspersky representatives met with Zambia’s Minister of Science and Technology, Felix Mutati, to discuss their efforts to tackle cybercrime. “The government is working hard to ensure digital safety in the country to assure investors and citizens of their safety online,” the minister told local media following the meeting. “I briefed that team how…
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UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive
🇦🇪🇿🇲 The mining investment arm of Abu Dhabi’s most valuable company has offered to buy a majority stake in Vedanta Resources’ Zambian copper assets in its drive to build an African copper mining empire. The unit of International Holding Company recently made an offer of more than $1 billion to buy a 51% stake in…
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Remains of Lobengula, King of the Matabele, “found” in Zambia
🇿🇲🇿🇼 A team led by Zimbabwean historian Pathisa Nyathi has revealed what it believes to be the final resting place of the famous King Lobengula in a cave in Zambia. The mission, supported by President Mnangagwa’s administration, presented an alternative view of the Ndebele monarch’s fate. He is widely believed to have disappeared over a…
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IMF review mission to Zambia tentatively scheduled for mid-April
Zambia is planning to start rationing electricity next week as a devastating drought that has been declared a national disaster affects hydropower generation, as well as food production NEW YORK – The International Monetary Fund will assess the economic impact of a devastating drought on Zambia in a visit tentatively scheduled for mid-April, the fund…
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