Zambia’s central bank has decided to introduce a benchmark interest rate from the beginning of April to replace its money-supply targeting.
Zambian opposition leader Michael Sata was declared the winner of Zambia’s presidential election early on Friday.
Zambians voted on Tuesday in a closely contested election between incumbent Rupiah Banda and opposition leader Michael Sata.
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/ 11 December 2010
Zambia’s central bank has appointed South Africa’s FirstRand to run a key commercial bank facing collapse due to poor management.
Zambia is likely to register economic growth exceeding 7% in 2010, spurred by a resurgence in mining and a boom in construction and agriculture.