Page 3 - Christopher Mvunga News Today

To bolster foreign reserves.

The Bank of Zambia will begin buying gold from Canadian miner First Quantum Minerals and the state mining firm as it resumes holding the precious metal as part of its foreign reserves, the central...

Zambia to buy gold from First Quantum to boost reserves First Quantum’s Kansanshi mine in Zambia. Image from First Quantam Minerals. Zambia, which last month became Africa’s first pandemic-era default, will begin buying gold from Canada’s First Quantum Minerals (TSX: FM) and a state-owned miner for the first time in 25 years, as it seeks to boost foreign-exchange reserves currently near record lows. Under a gold-buying deal inked Friday between the country’s central bank and First Quan...

Market movers: Stocks that saw action on Friday - and why Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer A roundup of some of the North American equities making moves in both directions today On the rise Wheaton Precious Metals Corp. (WPM-T) was up after announcing it has entered into a definiti...

Text size Zambia must re-draft economic policy to make its public debt more sustainable, the International Monetary Fund said Wednesday after the copper-rich country requested IMF funding for reforms. Zambia, which has seen its external debt surge to nearly $12 billion this year, had made a formal request to the IMF on Tuesday. But wrapping up a visit to Lusaka, the director of IMF Africas Department, Abebe Aemro Selassie, said that "given the deep-rooted challenges faced, policies would ...