Page 44 - Peter Leon News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 defaulted on a US$42.5-million payment on a Eurobond. ‘The government went on a borrowing sp...

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 lined politicians’ pockets. A sharp drop in the price of copper, Zambia’s main export, and the Co...

  BARRIE, ONT. -- Barrie police have a man in custody more than 26 years after Katherine Janeiro was found dead in her basement apartment. Detectives said new information from the Homicide Unit one year ago led them to charge 58-year-old Robert Bruce MacQueen on Wednesday with Janeiro's murder. "He was arrested yesterday morning without incident operating a motor vehicle in the south end of the City of Barrie," Peter Leon, Barrie Police Services spokesperson, told CTV News. "I think he was surprised. As you can appreciate, 26 years had passed. That's a lot of looking over your shoulder,...

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 since said he intends to split the company, with possible asset sales to follow. INSIGHTS NSE Expl...

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 a legal battle since the Zambian government - which owns 20% of KCM through state mining investment ...