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Zambia defaults, economically and politically

Zambia defaults, economically and politically Search Polity Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the & symbol, click Advanced Search and use the search headings and/or in first paragraph options. With... Clear Search Sponsored by Sponsored by Many African countries are sinking further into unsustainable debt. Last November Zambia epitomised the problem when it ...
United States Edgar Lungu Peter Leon Herbert Smith Freehills Hakainde Hichilema Fonteh Akum

Zambia defaults economically and politically following...

Many African countries are sinking further into unsustainable debt. Last November Zambia epitomised the problem when it defaulted on a US$42.5-million payment on a Eurobond. “The government went on a borrowing spree over the last few years and was then unable to repay,” notes Peter Leon, co-chair of the Africa group at the law firm Herbert Smith Freehills. Some of the loans were spent on worthy infrastructures, like roads and hospitals, and some on white elephants. Several might well have l...
United States Edgar Lungu Peter Leon Herbert Smith Freehills Hakainde Hichilema Fonteh Akum

Revolving doors: New year hiring spree continues apace

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In blow to Vedanta, Zambian court rules KCM liquidator to stay in post

In blow to Vedanta, Zambian court rules KCM liquidator to stay in post SECTIONS Last Updated: Jan 06, 2021, 10:27 PM IST Share Synopsis The ruling is a blow to Vedanta, which has been locked in a legal battle since the Zambian government - which owns 20% of KCM through state mining investment firm ZCCM-IH - handed control of the business to a liquidator in May 2019. Agencies The government accused Vedanta of failing to honour licence conditions, including promised investment. The liquidator has...
City Of United Kingdom Herbert Smith Freehills Peter Leon Fulgency Chisanga Milingo Lungu

In blow to Vedanta, Zambian court rules KCM liquidator to stay in post

By Reuters Staff 3 Min Read LUSAKA (Reuters) - A Zambian court has ruled the state-appointed liquidator of Vedanta’s Konkola Copper Mines will not be discharged despite a November ruling ordering a halt to proceedings to allow Vedanta and minority KCM shareholder ZCCM-IH to pursue arbitration. FILE PHOTO: A man walks past the logo of Vedanta outside its headquarters in Mumbai, India January 31, 2018. REUTERS/Danish Siddiqui/File Photo The ruling is a blow to Vedanta, which has been locked in ...
South Africa City Of United Kingdom Chris Mfula Jan Harvey Peter Leon

ICAEW is first professional body to sign Black Talent Charter

ICAEW becomes first professional body to sign Black Talent Charter 17 December 2020: ICAEW has become the first professional body to sign up to a new City Charter which calls for more representation of Black professionals at senior levels. As a signatory to the Charter for Black Talent in Finance and the Professions, ICAEW has six months to create a five-year plan and establish targets to improve equality of opportunity for Black professionals working for the Institu...
City Of United Kingdom Michael Izza David Franklin Herbert Smith Freehills Harry Matovu
Source: icaew.com

Aon agrees £510m buy-in with Scottish Widows

So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money, says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme...
Herbert Smith Freehills Lara Desay Andy Kieran Mike Edwards Reckitt Benckiser Scottish Widows

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