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News Updates

Find out the latest news on deVere & Partners Investment Services (Zambia) Limited featuring top financial and economic updates.

Markets

Zambia’s dedollarisation drive aims to stabilise Kwacha

Zambia's plans to limit the use of foreign exchange for domestic transactions are intended to stabilise the country’s currency, according to central bank governor Denny Kalyalya.

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posted on 06.09.2024

Economy

Zambian inflation hits 32-month peak at 15.5% in August

Zambia's annual inflation rate reached a 32-month high in August, driven by an El Niño-induced drought that continues to push food prices higher.

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posted on 30.08.2024

Economy

Bank of Zambia holds key rate at 13.50%

Zambia's central bank decided to keep its benchmark lending rate steady on Wednesday, citing that despite persistent high inflation, the current rate was suitable due to the economic effects of a severe drought.

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posted on 16.08.2024

Politics

Zambia and Ukraine hold bilateral talks to boost ties

Zambia’s president Hakainde Hichilema met with Ukrainian Foreign Minister Dr Dmytro Kuleba on Tuesday for bilateral talks.  

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posted on 07.08.2024

Markets

Zambia’s dedollarisation drive aims to stabilise Kwacha

Zambia's plans to limit the use of foreign exchange for domestic transactions are intended to stabilise the country’s currency, according to central bank governor Denny Kalyalya.

User Icon

posted on 06.09.2024

Economy

Zambian inflation hits 32-month peak at 15.5% in August

Zambia's annual inflation rate reached a 32-month high in August, driven by an El Niño-induced drought that continues to push food prices higher.

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posted on 30.08.2024

Economy

Bank of Zambia holds key rate at 13.50%

Zambia's central bank decided to keep its benchmark lending rate steady on Wednesday, citing that despite persistent high inflation, the current rate was suitable due to the economic effects of a severe drought.

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posted on 16.08.2024

Politics

Zambia and Ukraine hold bilateral talks to boost ties

Zambia’s president Hakainde Hichilema met with Ukrainian Foreign Minister Dr Dmytro Kuleba on Tuesday for bilateral talks.  

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posted on 07.08.2024

Politics

Zambia and China foreign ministers meet in Beijing

Zambia’s minister of foreign affairs and international cooperation, Mulambo Haimbe met with China’s foreign minister Wang Yi in Beijing on Wednesday.

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posted on 02.08.2024

Economy

Zambia to gain from €4.5bn Global Fund for Sustainable Development from Italy 

Zambia stands to benefit from a substantial €4.5 billion Global Fund for Sustainable Development provided by Italy. 

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posted on 12.07.2024

Environment

World Bank approves $208m grant for Zambia to help drought impact

The World Bank has approved a $208 million grant for Zambia to help mitigate the social and economic impact of the drought affecting the southern African nation, according to its finance ministry on Tuesday.

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posted on 03.07.2024

Economy

Zambia inflation hits 29-month high in June

The annual inflation rate in Zambia reached a 29-month high in June and the economy grew at the slowest pace in two years as the nation continues to deal with the impact of an El Niño-induced drought, the worst in almost 60 years.

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posted on 28.06.2024

Environment

Zambia requests extra $388m IMF funding to tackle drought

Zambia is set to receive an additional $388 million boost in financing from the International Monetary Fund by the end of June, as well as the conclusion of a $3 billion restructuring deal with bondholders.

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posted on 05.06.2024

Economy

Zambia to emerge from default as bondholders back debt restructuring

Zambia's Ministry of Finance announced on Tuesday that over 90% of the holders of its $3 billion in outstanding international bonds have agreed to its restructuring plan

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posted on 29.05.2024

Economy

ICT sector contributes 2.6% to Zambia’s GDP in 2023

Zambia’s Minister of Science and Technology, Felix Mutati stated that the Information and Communication Technologies (ICT) sector contributed 2.6% to the country’s GDP in the third quarter of 2023.

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posted on 20.05.2024

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Media contact

deVere Zambia’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines. Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Zambia’s Head of Public Relations on [email protected] or call +44 2071220925