Christopher Mvunga News Today

Most African central banks have kept policy unchanged this year on concerns about economic growth.

Standard Bank: Africas monetary policy tighter than it seems News24 03 Jun 2021, 04:13 GMT+10 Central banks in several African nations are likely to overlook quickening inflation and keep interest rates on hold at least until the third quarter of next year as higher money-market yields suggest price-growth expectations remain anchored, according to the head of Africa research at the continents biggest bank. "Monetary policy is tighter than implicitly suggested by conventional rates across the A...

(Bloomberg) -- Zambian inflation accelerated to an 18-year high in May as the cost of meat and fish pushed up food prices. Consumer prices rose 23.2% from a year earlier, compared with 22.7% in April, according to Zambia’s interim statistician-general, Mulenga Musepa.

Zambian Central Bank Governor Sees Crucial IMF Deal Within Grasp May 20 2021, 10:38 AM May 19 2021, 6:59 PM May 20 2021, 10:38 AM (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Zambia is close to reaching a deal with the International Monetary Fund that will be crucial to restoring macroeconomic ...

2021-05-19 14:31:12 GMT2021-05-19 22:31:12(Beijing Time) Xinhua English LUSAKA, May 19 (Xinhua) -- Zambias central bank on Wednesday held the benchmark lending rate at 8.5 percent with the central bank chief expressing optimism on the countrys economic recovery this year. Bank of Zambia (BoZ) Governor Christopher Mvunga said although the economy contracted in the first quarter of 2021, the projection for the remaining year shows a positive turnaround. The economy contracted in the first ...

Bank of Zambia Governor Christopher Mvunga has urged Zambians to take the Covid-19 vaccine to enable the nation to become more productive. Speaking when he and the deputy governors got vaccinated yesterday morning, Mr. Mvunga said the ability to change the direction of the Covid-19 Pandemic depends on all Zambians as individuals. Mr. Mvunga said wearing masks, washing hands regularly, reducing public gatherings, and staying 1 meter apart from others help reduce chances of being exposed to the v...

Gov’t spokesman says South African finance minister embarking on bad-mouthing sovereign state James Kunda   | 27.04.2021 LUSAKA, Zambia The Zambian government reacted sharply to comments by South Africa’s Finance Minister Tito Mboweni who said the nation’s economy was in incapable hands. Zambian governments chief spokesperson Dora Siliya said the nation was extremely disturbed by Mboweni’s remarks and accused him of demonstrating that...

Former South African President Jacob Zumba with the the Mvunga family at Bank of Zambia Governor Christopher Mvunga’s farm estate near Chongwe. UTHSeed of Hope Children’s Ministry, a Non-Governmental Organisation, has donated a pediatric diagnostic and therapeutic machine worth USD 35,000 to the University Teaching Hospital (UTH) Children’s hospital. The peadiatric Bronchoscope machine is intended to help to provide special treatment to children with health complications. Seed of Hope Chi...

* Bank governor said Zambia had money to pay * Need to treat all creditors equally meant it couldn’t (Adds Fitch downgrade) LUSAKA/JOHANNESBURG Nov 18 (Reuters) - Zambia could have paid a coupon on one of its sovereign dollar bonds last Friday, but chose not to do so due to the need to treat all creditors equally, the copper producer’s central bank governor said on Wednesday. However, the finance minister later said that the decision had increased the risk of bondholders taking legal action...

Opposition alliance chairperson Charles Milupi addresses journalists in Lusaka on February 24, 2021 – Picture by Tenson Mkhala UPND Alliance chairperson Charles Milupi says the National Democratic Congress (NDC) is an official member of the Alliance, despite its internal wrangles. And Milupi has bemoaned the regional bias still being seen in President Edgar Lungu’s appointments to his administration. Meanwhile, Milupi, who is also Alliance for Democracy and Development (ADD) party presid...