DIRS.INFO The most relevant business & tech news

☆ Bay FC: NWSL expansion team wants to ‘change the face of American soccer,’ says new signing Jen Beattie
▼ + stars: | 2024-03-17 | by ( Amanda Davies | Rebecca Hall | ) edition.cnn.com time to read: +4 min

CNN —Bay FC may be the new kid on the NWSL block, but recent signing Jen Beattie has insisted that the team isn’t there to make up the numbers, rather to “change the face of American soccer.”Beattie, a true legend of the women’s game, left Arsenal to join Bay FC in February. As well as Beattie, Bay FC has signed several high-profile internationals ahead of its inaugural season, including Zambian Racheal Kundananji for a reported $787,000 world record fee, Nigerian star Asisat Oshoala and Mexican forward Scarlett Camberos. It didn’t take very long to convince me, I’ll be honest … Everyone wants to lift trophies and everyone wants to be as successful as possible.”Jen Beattie joined Bay FC from Arsenal in February. Ed Szczepanski/USA Today Sports/ReutersBay FC, and its star-studded roster, is not the first expansion team to enter the NWSL attempting to shake up the status quo. However, eyes now turn to Bay FC and its impressive roster to see just how much of an upset the team can cause in the NWSL.

Persons: Jen Beattie, ” Beattie, – Aly Wagner, Danielle Slaton, Brandi Chastain, Leslie Osborne –, Asisat Oshoala, Scarlett Camberos, Beattie, Amanda Davies, I’ll, ” Jen Beattie, Ed Szczepanski, Natalie Portman, Eva Longoria, Serena Williams, Billie Jean King, “, ”, Albertin Montoya, He’s, “ I’ve, Tess Boade dribbles, Angel City, Abe Arredondo, I’m, I’ve Organizations: CNN —, Arsenal, Bay FC, North, –, Montpellier, Manchester City, Melbourne City, Scotland, San Francisco Bay Area, Sixth, CNN, USA, Sports, Reuters, FC, Sunday, BMO, Angel City, Angel, League, Chelsea, Gunners Locations: North London, San Francisco Bay, Bay, Zambian, Los Angeles, Angel

☆ Vaughan Gething to become Welsh first minister and Europe’s first Black leader
▼ + stars: | 2024-03-16 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Reuters —Vaughan Gething won the Welsh Labour Party leadership contest on Saturday, meaning he will become the first Black leader of the semi-autonomous government in Wales. Devolution, Welsh solutions to Welsh problems and opportunities is in my blood,” Gething, currently minister for economy, added. Keir Starmer, leader of Britain’s Labour Party, which opinion polls show as likely to win power in a national election due later this year, congratulated Gething in a statement. Drakeford will resign as first minister of Wales on March 19, the Labour Party said in a statement, with the Welsh parliament, the Senedd, formally set to elect the next leader on March 20. Also congratulating Gething on the win, Conservative British Prime Minister Rishi Sunak said on social media that he was committed to working together constructively.

Persons: Reuters — Vaughan Gething, ” Gething, Mark Drakeford, Keir Starmer, Gething, Vaughan, ” Starmer, Drakeford, Rishi Sunak Organizations: Reuters, Welsh Labour Party, “, Welsh, Britain’s Labour Party, UK Labour Party, Wales, Labour, Labour Party, Conservative British Locations: Wales, Zambian, Britain

☆ Racheal Kundananji: Bay FC signs Zambian soccer star for reported $787,000 world record fee
▼ + stars: | 2024-02-14 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Bay FC, the newest team in the National Women’s Soccer League (NWSL), has made an ambitious statement of intent ahead of the upcoming season by signing Zambian international Racheal Kundananji. “I want to give the [Bay FC] fans what they want – to enjoy the games, to enjoy seeing me playing and scoring.”Kundananji joins Bay FC from Spanish side Madrid CFF for a reported world record fee of €735,000 (around $787,000), according to multiple reports including ESPN. CNN has contacted Bay FC, Madrid CFF and the NWSL regarding the transfer fee. The contract runs through the 2027 season with an option for an additional year in 2028, Bay FC said. “We are delighted to add Racheal to our group,” Bay FC general manager Lucy Rushton said in a press release from the club.

Persons: Kundananji, ” Kundananji, Lucy Rushton, Diego Souto, Asisat Oshoala, Jen Beattie, Brandi Chastain, Leslie Osborne, Danielle Slaton, Aly Wagner Organizations: CNN — Bay FC, National Women’s Soccer League, Zambian, “, BBC Sport Africa, FC, Bay FC, Madrid CFF, ESPN, CNN, Real Madrid, Liga F, Spain’s Liga, San, Spanish, Costa, US Women’s National, Sixth Locations: “ People, Zambia, Bay, Spanish, Scottish, San Jose, Kazakhstan, Costa Rica

☆ Mike Maignan: Subjected to racist abuse, AC Milan star now finds himself being kicked around like a political football
▼ + stars: | 2024-02-03 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +9 min

CNN —A leading soccer goalkeeper, who is Black and was subjected to racist abuse during a match in Italy’s top league last month, now finds himself being kicked around like a political football. Maignan received widespread support from the football world and FIFA President Gianni Infantino called for automatic forfeits for teams whose fans have racially abused players. Maignan speaks with referee Fabio Maresca during the match between AC Milan and Udinese. AC Milan players react after Maignan was racially abused by Udinese fans. ‘Simply shameful’The Maignan incident comes 11 years after another AC Milan star – midfielder Kevin-Prince Boateng – made history by walking off the pitch during a friendly match after suffering abuse for 25 minutes.

Persons: Mike Maignan, Stefano Pioli, Maignan, Gianni Infantino, Fabio Maresca, Alessandro Sabattini, Alberto Felice De Toni, “, ” De Toni, ”, De Toni, Pietro Fontanini, Matteo Salvini, Maignan didn’t, ” Fontanini, Jennifer Lorenzini, Fontani, Tobias Jones, Jones, “ They’re, ” Jones, Kevin, Prince Boateng –, Carlo Tavecchio, Valerio Pennicino, Tavecchio, ” Boateng, “ There’s, It’s, it’s, ” Kevin, Prince Boateng, Pro Patria Busto Arsizio, Daniele Mascolo, Anne Frank’s, Samuel Umtiti –, Lameck Banda, Lameck, Manuel Lazzari of, Maurizio Lagana, Infantino, Frenchman Organizations: CNN, AC Milan, French national, Udinese, Frenchman, Serie, Milan’s Serie, Bologna, San, Milan, FIFA, AC Monza, Udinese’s, Lega, Reuters, Football, Black, Lazio, Lega Seria, Serie A, Gazzetta dello, Pro Patria Busto, Shutterstock, AS Roma, French, Ligue, Lille –, Lecce, “ Lazio Locations: Italy’s, Udine, Italy, San Siro, Curva, —, Maignan, England, Russia, Italian, Shutterstock Lazio, Rome, Manuel Lazzari of Lazio, Lazio

LUSAKA, Zambia (AP) — Authorities in Zambia said Tuesday they were frantically pumping water and mud from a Chinese-owned copper mine where seven miners were trapped underground. Local media reported that the miners were working at around 235 meters (257 yards) underground. Political Cartoons View All 253 ImagesLocal media reported that the miner who escaped, Penjani Kaumba, said he noticed water coming from a tunnel and immediately informed colleagues, but it was too late. Zambia is one of the world's largest copper producers, and Chinese firms have invested billions of dollars in mining there. Another mine accident in Zambia in November killed at least 11 people, with others missing.

Persons: Peacewell Mweemba, ”, Penjani Kaumba Organizations: —, Associated Press, Local Locations: LUSAKA, Zambia, Ndola, Lusaka, Copperbelt Province

LUSAKA, Zambia (AP) — A member of a rescue team raised hope Monday that there may be survivors at a Zambian mine where more than 30 informal miners have been trapped under debris for days and presumed dead after heavy rain caused landslides. Zambian government officials said more than 30 miners were trapped under the landslides but couldn't give an exact number. Police have said that all the miners are suspected to have died and named seven of them as confirmed fatalities. But no bodies have been retrieved and the Zambian government said it was premature to say how many had died. Informal mining is common, where artisanal miners dig in search of minerals, often without proper safety procedures.

Persons: Wiva Chanda, Raphael Chumupi, Mutale Nalumango, ” Nalumango, ___ Mukwazhi, ___ Organizations: Associated Press, Police Locations: LUSAKA, Zambia, Zambian, Chingola, ” Chingola, Lusaka, Harare, Zimbabwe

☆ Zambia debt rework delaying impede key investments, hitting the 'most vulnerable' - FinMin
▼ + stars: | 2023-11-24 | by ( Karin Strohecker | ) www.reuters.com time to read: +3 min

Zambia's Finance Minister Situmbeko Musokotwane takes part in a panel during the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 14, 2023. Zambia defaulted three years ago and is trying to rework its debt under the G20 Common Framework, a programme designed to ensure swift and smooth debt overhauls for low-income nations. The first African country to default in the COVID-19 era, Zambia's debt restructuring had started with drawn-out negotiations with bilateral creditors including China. "Zambia’s debt restructuring has dragged on too long," Musokotwane said in emailed comments. Musokotwane said the country had implemented some serious reforms and committed to improving management of government finances and boosting growth.

Persons: Situmbeko Musokotwane, Susana Vera, Musokotwane, Karin Strohecker, Rachel Savage, Kim Coghill Organizations: Zambia's, International Monetary Fund, World Bank, REUTERS, Finance, Reuters, Thomson Locations: Marrakech, Morocco, Zambia, China

☆ Zambia's troubled debt restructuring efforts
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Yuri Gripas/File Photo Acquire Licensing RightsLONDON, Nov 21 (Reuters) - Zambia's debt restructuring has been a complex, three-year process, which suffered a serious setback on Monday when bilateral creditors, including China, effectively ordered it secure more debt relief from international funds that hold its sovereign bonds. 2020: The country requests to have its debt payments frozen under the G20-led Debt Service Suspension Initiative (DSSI) due to COVID-19. In May, Zambian President Edgar Lungu’s government hires French firm Lazard to advise on restructuring the cash-strapped southern African nation’s $11 billion worth of foreign debts. 2022: Negotiations continue with bondholders for debt relief and restructuring deals. Angry bondholders say the OCC is demanding debt relief from them that is materially higher than either Zambia's government or the International Monetary Fund deem necessary.

Persons: Yuri Gripas, Edgar Lungu’s, Lazard, Lungu’s, Hakainde Hichilema, Marc Jones, Sharon Singleton Organizations: Monetary Fund, REUTERS, Zambian, China, Export, Import Bank of China, OCC, International, Fund, Thomson Locations: Washington , U.S, China, Zambia

[1/2] Performers dance to welcome Vietnam's President Vo Van Thuong at Beijing Capital International Airport ahead of the Third Belt and Road Forum in Beijing, China, October 17, 2023. The conciliatory approach towards rivals as well as China's partners in the developing world comes as President Xi Jinping gets to grips with the most significant domestic economic problems seen in years. China has not changed its tone on every issue. It has not backed away from escalating maritime confrontation with the Philippines in the South China Sea. Stabilizing the U.S. relationship, including with a meeting between Xi and U.S. President Joe Biden at an upcoming Asia- Pacific summit, could give China breathing room.

Persons: Vo Van Thuong, Parker, Biden, Xi Jinping, Noah Barkin, Barkin, Cheng Lei, Xi, Chuck Schumer, Willy Lam, Huiyao Wang, Qin Gang, Li Shangfu, Joe Biden, Donald Trump, Zack Cooper, Don Durfee, Robert Birsel Organizations: Beijing Capital International, Forum, U.S, Initiative, Jamestown Foundation, for, Marshall, American Enterprise Institute, Washington, Thomson Locations: Beijing, China, San Francisco China, HONG KONG, WASHINGTON, Sri Lanka, United States, Asia, Europe, Australia, U.S, Zambia, Philippines, South China, Africa, for China

☆ PEPFAR Turned the Tide of AIDS and It’s Now at Risk - The New York Times
▼ + stars: | 2023-09-20 | by ( Nicholas Kristof | ) www.nytimes.com time to read: +2 min

The Heritage Foundation critique also argued that AIDS is primarily a “lifestyle disease” and so “should be suppressed through education, moral suasion and legal sanctions” rather than medication. The most dangerous thing a woman there could do, it was said then, was to get married. If American conservatives want to fight AIDS with finger wagging instead of antiretrovirals, those women will again be at great risk. Only 40 percent of Republicans say that the benefits of Covid vaccines outweigh the risks (which is why research suggests that Covid may have disproportionately killed Republicans). The denunciations of PEPFAR horrify the Republican Party’s grown-ups, who recognize how important the program has been.

Persons: Biden, PEPFAR Organizations: Foundation, Zambian Locations: sanctimony, U.S

BEIJING (AP) — China and Zambia upgraded their relationship to a comprehensive strategic cooperative partnership on Friday, the latest move by America's chief global rival to forge deeper ties with the Global South. Chinese President Xi Jinping and his Zambian counterpart announced the agreement shortly after Xi had exchanged cordial words with another visitor, the new prime minister of Cambodia. China has in turn won access to natural resources and diplomatic support from many Global South countries on contentious votes at the U.N. and from Cambodia in China’s territorial disputes with other Southeast Asian nations in the South China Sea. Cambodian Prime Minister Hun Manet made China his first official foreign visit after succeeding his father, Hun Sen, who ruled Cambodia for 40 years and cultivated his country's close relationship with China. Xi told Hun Manet that his father had made historic contributions to bilateral ties.

Persons: Xi Jinping, Xi, ” Xi, Hakainde Hichilema, Hichilema, Nicolás Maduro, ”, Edward Chan, South Africa —, Hun Manet, Hun Sen, Hun, Alfred Wu, National University of Singapore's Lee, “, Wanqing Chen Organizations: BEIJING, Global, Zambian, Australian National University, “, United Arab, Initiative, Cambodian, U.S, Ream Naval Base, National University of Singapore's, National University of Singapore's Lee Kuan Yew, of Public, Associated Press Locations: China, Zambia, Cambodia, Africa, Southeast Asia, Latin America, U.S, Zambian, Brazil, Russia, India, South Africa, Saudi Arabia, Iran, United Arab Emirates, Argentina, Egypt, Ethiopia, Afghanistan, South China, Cambodian, Beijing, ASEAN

☆ Gorongosa National Park: How coffee is helping to restore an ecosystem
▼ + stars: | 2023-09-06 | by ( Kayla Smith | ) edition.cnn.com time to read: +6 min

Mozambique’s efforts to become a coffee powerhouse are thanks in part to the Gorongosa Coffee Project. Gorongosa coffee is exported mainly within Africa, with South Africa its biggest market. Gorongosa MediaJuliasse Sabao, supervisor of the Gorongosa Coffee Project, says that before coffee came to the national park, many people there were subsistence farmers growing just enough maize, beans, and peas to feed their family, with little surplus to sell. Vasco Galante, the national park’s director of communications, believes the revival of Gorongosa National Park is one of Africa’s greatest wildlife restoration success stories. Wana Chipoya, a Zambian agronomist working with coffee, recently visited the national park and was very impressed.

Persons: Juliasse Sabao, ” Sabao, Sabao, Sofia Molina, Molina, ”, ’, they’ll, “, Vasco Galante, Wana, “ I’ve Organizations: CNN, International Coffee Organization, Gorongosa Locations: Africa, Ethiopia, Kenya, Mozambique, –, South Africa, ”, Zimbabwe, Tanzania, Malawi, Zambian

☆ Zambia frees five Egyptians arrested on plane with guns and fake gold
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

LUSAKA, Sept 1 (Reuters) - A Zambian court freed five Egyptians and one Zambian on Friday, after prosecutors dropped espionage charges against them three weeks after they arrived on a private plane with guns, bullets, cash and fake gold. Two of the Egyptians would be rearrested on unspecified lesser charges and freed on bond, Zambia's Drug Enforcement Commission said. We knew from day one that we were clean," one of the freed Egyptians told journalists outside the court. While the initial charge sheet did not mention the aircraft or seized goods, lawyers for the defendants had said earlier that those arrested were on the plane. Two Egyptian security sources had said the plane seized in Zambia had been inspected by authorities before leaving Cairo, but that one of the arrested Egyptians was able to board with bags that were not searched, which is now under investigation.

Persons: Gracilia Mulenga, Chris Mfula, Bhargav Acharya, Peter Graff Organizations: Drug, Commission, Zambia's Drug, Agency, DPP, Public Prosecutions, Thomson Locations: LUSAKA, Lusaka, Egypt, Zambia, Cairo

☆ Zambia seeks to deny bail to five Egyptians, 6 nationals charged with spying
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

LUSAKA, Aug 29 (Reuters) - Zambia sought to deny bail to five Egyptians and six Zambians charged with espionage for entering a restricted zone of Lusaka airport, two weeks after Zambian authorities said their plane had been seized along with guns, bullets, cash and fake gold. "The state must give reasons as to why accused persons whose liberties to freedom are being taken away must be denied bail," defence lawyer Martha Mushipe told the court. That fuelled speculation in Zambian media that some of the suspects might have sought to swindle gold buyers in a fake bullion scam. Two Egyptian security sources said the plane seized in Zambia had been inspected by authorities before leaving Cairo, but that bags with one of the arrested Egyptians were not searched, and this was currently under investigation. Reporting by Chris Mfula; additional reporting by Cairo Newsroom; writing by Tim Cocks; editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Davies Chibwili, Martha Mushipe, Zambian Mines Minister Paul Kabuswe, Chris Mfula, Tim Cocks, Mark Heinrich Our Organizations: Drug Enforcement Agency, Zambian Mines Minister, Cairo Newsroom, Thomson Locations: LUSAKA, Zambia, Lusaka, Lusaka's, Cairo, Egyptian

☆ Sibanye brings in Chinese partner for Mopani Copper Mines bid
▼ + stars: | 2023-08-29 | by ( Felix Njini | ) www.reuters.com time to read: +3 min

The Johannesburg-based precious metals producer is on the shortlist of potential buyers for the copper mines owned by a unit of the Zambian government. The Chinese company has a presence in copper mining and would be joining Sibanye as an investment partner, Froneman said. The Chinese investor could help derisk the investment at Mopani, Froneman said. "They are an investment partner but technically they understand the copper business and smelting, so it's managing risk," he said. The Mopani assets require significant investment but spending would be spread over a number of years, Froneman said.

Persons: Neal Froneman, we've, Froneman, Felix Njini, Tannur Anders, Sharon Singleton, David Holmes Organizations: Mines, Reuters, China's Zijin Mining, U.S, Rothschild & Co, Thomson Locations: NAIROBI, Stillwater, Johannesburg, Zambian, Southern Africa, Europe, U.S, Mopani, Switzerland, ZCCM

☆ Weekend episode: Jackson Hole and the Powell Rorschach test, Zambian rock returns and Europe reins in Big Tech
▼ + stars: | 2023-08-26 | by ( ) www.reuters.com time to read: +1 min

We check in on the state of the global economy at the annual economic symposium in Jackson Hole. And a Zamrock legend returns after 40 years. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Our Standards: The Thomson Reuters Trust Principles.

Persons: Fed's Powell Organizations: Apple, Google, Reuters, Thomson, EU Digital Services Locations: Jackson, Silicon

☆ Zamrock legends make comeback with first album in 40 years
▼ + stars: | 2023-08-22 | by ( Chris Mfula | ) www.reuters.com time to read: +2 min

REUTERS/Matt Mills McKnight Acquire Licensing RightsLUSAKA, Aug 22 (Reuters) - After nearly four decades in oblivion, the Zambian psychedelic rock band WITCH that mesmerised audiences in the 1970s are back with a new album. Interest for Zamrock rose in the 2010s in the West, thanks to the internet and crate-digging producers as Los Angeles-based Now-Again Records re-released several albums of WITCH and other Zamrock artists. Following their comeback, WITCH - which stands for We Intend To Cause Havoc - are now introducing their new album "Zango" with concerts in the United States and Europe. "It's a fusion of traditional music, African music, funk, blues, jazz - it's a fusion of many genres," Chanda said. "Can this thing grow to a level where when someone comes to Zambia, says where can I listen to Zamrock?

Persons: Matt Mills McKnight, Emmanuel " Jagari, Chanda, Zamrock, Patrick Mwondela, Michael Linyama, Chris Mfula, Catherine Schenck, Matt McKnight, Bhargav Acharya, Angus MacSwan Organizations: REUTERS, Rights, Thomson Locations: Seattle , Washington , U.S, Rights LUSAKA, Zambian, Los Angeles, America, Europe, Lusaka, United States, Zimbabwe, Botswana, Zambia, Johannesburg, Seattle

☆ Britain agrees deals on clean energy, critical minerals with Zambia
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Alaa Al SukhniLONDON, Aug 3 (Reuters) - Britain on Thursday said it had agreed deals with Zambia on clean energy and critical minerals as foreign minister James Cleverly ends a four-day visit to Africa to deepen ties. "The UK-Zambia Green Growth Compact and our landmark agreement on critical minerals will support investment between UK and Zambian business, creating jobs in both countries," Cleverly said. Zambia is a major copper producer, and also has deposits of critical minerals such as cobalt, manganese and nickel. Last year Britain emphasised the importance of diversifying its supply chains in a critical mineral strategy. Britain has agreed to deepen collaboration on critical minerals with other countries such as the United States, Japan, Australia, Kazakhstan and Saudi Arabia.

Persons: James, Ayman Safadi, Sukhni, Alistair Smout, William James Our Organizations: British, Jordan's, REUTERS, Sukhni LONDON, Thomson Locations: Amman, Jordan, Britain, Zambia, Africa, Niger, Zambian, United States, Japan, Australia, Kazakhstan, Saudi Arabia

☆ How to watch Australia, Canada and Nigeria battle for Wwomen's World Cup knockout phase spot
▼ + stars: | 2023-07-30 | by ( Ben Morse | ) edition.cnn.com time to read: +23 min

Franck Fife/AFP/Getty Images Norway celebrates scoring in its 6-0 victory against the Philippines on Sunday. Aisha Schulz/AP Sweden's Amanda Ilestedt, center, heads the ball to score the opening goal against Italy on July 29. John Cowpland/AP Italy's fans cheer before their team's match against Sweden at Wellington Regional Stadium, New Zealand. John Cowpland/AP China's Wang Shuang celebrates after scoring against Haiti during a Women's World Cup match on Friday, July 28. John Cowpland/AP US forward Alex Morgan is surrounded by Vietnam defenders during their opening match on July 22.

Persons: Colombia's Manuela Vanegas, Franck Fife, Alexandra Popp, Ulrik Pedersen, Manuela Vanegas, Sajad, Jaimi Joy, Reuters Linda Caicedo, Phil Walter, Getty, Dominique Randle, Hannah Peters, Hali, Rafaela Pontes, Olivia McDaniel, Norway's Caroline Graham Hansen, Abbie Parr, Sophie Roman Haug of, Jessika Cowart, Buda Mendes, Ali Riley, Katie Bowen, Molly Darlington, Julia Stierli, Alessandra Tarantino, Ramona Bachmann, Sanka Vidanagama, James Elsby, Benzina, Edina Alves Batista, Hannah Mckay, Brenton Edwards, Panama's Aldrith Quintero, Jamaica's Deneisha Blackwood, Kameron Simmonds, Luisa Gonzalez, Allyson Swaby, Herve Renard, Wendie Renard, Debinha, Katie Tucker, Aisha Schulz, Amanda Ilestedt, John Cowpland, Rebecka Blomqvist, Wang Shuang, Maddie Meyer, Dumornay, China's Dou Jiaxing, Alex Pantling, Chloe Kelly, Carl Recine, Mary Earps, Andy Cheung, Janni Thomsen, Alex Greenwood, Lauren James, Justin Setterfield, Keira Walsh, Walsh, Argentina's Mariana Larroquette, Yamila Rodriguez, Cristiano Ronaldo, Lionel Messi, Matthew Lewis, Linda Motlhalo, Lars Baron, Osinachi Ohale, Bradley Kanaris, Dan Peled, Anthony Albanese, Matt Roberts, Jéssica Silva, Vietnam's, Saeed Khan, Fiona Goodall, Daphne van Domselaar, Julie Ertz, Brad Smith, Andrew Cornaga, Lindsey Horan, Joe Prior, Catherine Ivill, Amanda Perobelli, Canada's Vanessa Gilles, Ireland's Niamh Fahey, Louise Quinn, Murty, Katie McCabe applauds, Paul Kane, Kailen Sheridan, McCabe, Stephen McCarthy, Adriana Leon, Colin Murty, Jennifer Hermoso, David Rowland, Reuters Hermoso, Spain's Alexia Putellas, Mary Wilombe, Naomoto, Japan's Mina Tanaka, Daniela Solera, Sarina Bolden, Bolden's, Hannah Wilkinson, Bolden, Victoria Esson, Katelyn Mulcahy, Hagen Hopkins, Catalina Usme, Korea's Cho, Colombia's Jorelyn, Carolina Arias, Cameron Spencer, Reuters Usme, Kim Hye, Rebecca Welch, David Gray, Brazil's Marta, Matt Turner, Borges, Khadija Er, Victoria Adkins, Germany's Alexandra Popp, Asanka Brendon Ratnayake, Morocco's Fatima Tagnaout, Hamish Blair, Cristiana Girelli, Kim Price, Francesca Durante, German Portanova, Reuters Italy's Giulia Dragoni, Estefania Banini, Dragoni, Grace Geyoro, Mark Baker, Rebecca Spencer, Robert Cianflone, Bunny, Shaw, Estelle Cascarino, Portugal's Ines Pereira, Stefanie van der, Van der Gragt, Portugal's Jessica Silva, Silva, Joe Allison, Magaia, Sweden's Elin Rubensson, Amalie Vangsgaard's, Zhang Linyan, Denmark's Pernille Harder, Gary Day, Shui, Reuters England's Alessia Russo, Haiti's Tabita Joseph, England's Lionesses, Reuters Nicolas Delépine, Kerly Theus, Zac Goodwin, Jun Endo, Zambia's Agnes Musase, Reuters Aoba, Catherine Musonda, Alex Morgan, Carmen Mandato, Megan Rapinoe, Horan, Trần Thị Kim Thanh, Sophia Smith dribbles, Ane, Esther González, Costa, Costa Rica's Mariana Benavides, Katrina Guillou, Switzerland's Gaëlle Thalmann, William West, Uchenna Kanu, Chiamaka Nnadozie, Canada's Christine Sinclair, Steph Catley, Heather Payne, Australia's Kyra Cooney, Mackenzie Arnold, Ria Percival, Ada Hegerberg, Jan Kruger, Zealand's CJ Bott, Norway's Mathilde Harviken vie, Jose Breton, Benee, Ireland's, Niamh Fahey, Vanessa Gilles, Coliin Murty, Sam Kerr, Kerr, Tony Gustavsson, Christine Sinclair, Ireland, Spain –, Japan's Hikaru Naomoto Organizations: CNN, Germany, Getty, Colombia, Reuters, Norway, Sunday, FIFA, AP, New Zealand, South, Jamaica, Brazil, France, Italy, Sweden, Wellington Regional, Haiti, China, Denmark, England, Argentina, Nigeria, Australia, Canada, Reuters Australian, Vietnam, Portugal, USSF, Ireland, Spain, Eden, Costa, Forsyth, AP Costa, Japan, New, Victoria, Panama, Morocco, Cristiana, Atlanta Primus, Zambia, Zambian, Costa Rica's, Getty Images, Zealand, AP Norway, Nations, FOX Sports, Telemundo, Seven Network, Optus Sport, BBC, ITV, Republic of Ireland, Super Falcons, coy Locations: Japan, Spain, Costa Rica, Zambia, Australia, Canada, Nigeria, AFP, Colombia, Philippines, AP Philippines, Sophie Roman Haug of Norway, New, Reuters, Morocco, South Korea, Perth, Reuters Jamaica, Brisbane, New Zealand, Reuters England, Reuters Argentina, Argentina, South Africa, Ireland, Portugal, Vietnam, United States, Netherlands, Wellington , New Zealand, Auckland , New Zealand, Costa Rican, Dunedin , New Zealand, AP Costa Rican, Reuters Switzerland, Norway, Switzerland, Sydney, Reuters Colombia, Panama, Adelaide, Germany, AP Argentina, German, Italy, Atlanta, Africa, China, European, Reuters England's Georgia, Ane Frosaker, Eurasia, Melbourne, Reuters Norway, Zealand, Eden, United Kingdom, Republic of, Republic of Ireland, Wellington

☆ Kenyan, Zambian currencies expected to weaken
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +4 min

[1/2] Kenya Central Bank Governor Patrick Njoroge displays Kenyan shilling bank notes during a news conference at the Central Bank in Nairobi, Kenya, June 3, 2019. One trader at a commercial bank said the currency was expected to float around 141.00 levels. GHANAGhana's cedi is expected to hold steady against the dollar next week on the back of high foreign exchange liquidity following central bank support, traders said. Bid-offer spreads are also expected to tighten further," said Sedem Dornoo, a senior trader at Absa Bank Ghana. UGANDAThe Ugandan shilling is expected to firm in the coming week, drawing support from hard currency inflows from exporters of commodities such as coffee.

Persons: Kenya Central Bank Governor Patrick Njoroge, Baz Ratner, GHANA Ghana's cedi, Sedem Dornoo, Chris Nettey, ZAMBIA Zambia's kwacha, Elias Biryabarema, Chris Mfula, Bhargav Acharya, Elisha Bala, Hereward Organizations: Kenya Central Bank Governor, Central Bank, REUTERS, KENYA, GHANA Ghana's, greenback, Absa Bank, Trading Stanbic Bank, ZAMBIA Zambia's, Access Bank, Bank, Thomson Locations: Nairobi, Kenya, JOHANNESBURG, Ghana, Nigeria, NIGERIA, GHANA, Absa Bank Ghana, Trading Stanbic Bank Ghana, UGANDA, Kampala, ZAMBIA

SummarySummary Companies Mines minister says agreement with Vedanta Resources imminentVedanta says both parties want to sees mines in productionNAIROBI/LUSAKA, July 5 (Reuters) - Zambia is close to resolving a dispute with Vedanta Resources (VEDJB.UL) over its Konkola Copper Mines, with a deal over the future of the partly state-owned unit "imminent", its mines minister said. KCM has battled to attract investment since relations between Zambia and Vedanta broke down several years ago, culminating in the state's take-over of the KCM assets and forced liquidation in May 2019. The move triggering protracted legal battles, with Vedanta approaching an arbitration court in London to fight off the seizure of the copper assets. "The negotiations are advanced and an announcement is imminent," Zambia's Mines Minister Paul Kabuswe told Reuters. "We are concerned with the levels of deterioration of not only the mines but also socio-fabric of the workers," the spokesperson told Reuters.

Persons: KCM, Vedanta, Paul Kabuswe, Kabuswe, Situmbeko Musokotwane, Hakainde Hichilema, Anil Agarwal, Felix Njini, Chris Mfula, Jan Harvey Organizations: Mines, Vedanta, Vedanta Resources, Zambia's Mines, Reuters, Mining, Thomson Locations: NAIROBI, LUSAKA, Zambia, London, Africa's, Nairobi, Lusaka

☆ Zambia's bondholders see debt restructure deal in coming weeks
▼ + stars: | 2023-06-27 | by ( Marc Jones | ) www.reuters.com time to read: +3 min

LONDON, June 27 (Reuters) - Zambia's international bondholders expect to strike a debt restructuring deal with the country "in the coming weeks", a leading member said on Tuesday, a move that would draw a line under the nation's near three-year stint in default. "So I think we (bondholders) can now reach a deal in the coming weeks." Daly said that was something bondholders themselves had called for when restructuring talks became stalled last year over how much debt relief would be required. "The adjustment mechanism provides for an accelerated repayment schedule and higher interest rates if Zambia's debt carrying capacity improves from the current 'weak' classification to 'medium' classification," he said. While China has rejected writing off some of the debt altogether, bondholders could still do that, Daly added.

Persons: Hakainde, Kevin Daly, Daly, Situmbeko Musokotwane, Marc Jones, Chris Mfula, Libby George, Christina Fincher, Ed Osmond, William Maclean Organizations: International Monetary Fund, Zambian Finance, IMF, World Bank, Thomson Locations: China, Zambia, Sri Lanka, Ghana, Lusaka

☆ Girlfriend of dentist who killed his wife on their African safari is sentenced to 17 years in prison
▼ + stars: | 2023-06-24 | by ( Rebekah Riess | ) edition.cnn.com time to read: +3 min

Martinez instead granted the federal prosecutors’ motion for a longer-than-usual sentence. Bianca Rudolph was killed in 2016 while she and Lawrence Rudolph were on a hunting trip in Zambia. I would not murder my wife,” Rudolph told jurors when he took the stand in his own defense at his trial. Prosecutors argued Rudolph killed his wife of 30 years for the insurance money and to be with his girlfriend, Milliron. American investigators reopened the case after a friend of Bianca Rudolph contacted authorities and said she suspected foul play.

Persons: Lori Milliron, Lawrence Rudolph, William J, Martinez, Milliron, ” “ Lori Milliron, Bianca Rudolph, Rudolph, propofol, Bianca, ”, John Dill, ” Dill, “, Husband, ” Rudolph Organizations: CNN, Department of Justice, Prosecutors, FBI Locations: American, Africa, Denver, Zambia, Phoenix

☆ The Africans fighting on Russia’s front line in Ukraine
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +18 min

In journeying to Russia, Tarimo was following the route of many young Africans, including future heads of state, since the 1960s. Tarimo also ended up treading the path of a handful of other Africans who took up arms for Wagner in Ukraine. The presidents of South Africa and Zambia are now among a group of African leaders seeking to mediate between Russia and Ukraine. In November last year, his family learned he too had died in Ukraine fighting for Wagner. He said that, like Tarimo, Nyirenda cast his desire to join Wagner as repayment for Soviet and Russian support of African anti-colonial movements.

Persons: Russian Wagner, Nemes, Wagner, ”, Tarimo, “ Nemes, Rehema Kigobe, – Tarimo, Aboya, Claire Amuhaya, Nemes Tarimo, Rehema, “, Vladimir Putin, Chadema, Alexander Shilkin, ” Wagner, Yevgeny Prigozhin, Kristian Malundama, Malundama, Tarimo’s, Prigozhin, Lemekani, Christian, didn’t, Will, Nyirenda, Ronald Kalifungwa, Zikonde, –, …, “ I’m, Christopher Kangwa, Tionge, ” Nyirenda, ” Kangwa, Fabrice Organizations: Moscow’s Pushkin Institute, Russian Technological University, Reuters, Friendship University, Soviet Union, National Congress, European Union, United Nations General Assembly, Wagner Group, Central African Republic, Officials, Dar es Salaam, Democratic, Tanzanian, Zambian, Instagram, Research Nuclear University, Baptist, YouTube, ” Reuters, Ivorian Locations: Russian, Ukrainian, Bakhmut, Dar es, Tanzania’s, Odradivka, Moscow, IT, Russia, Ukraine, Zambian, Ivory Coast, Soviet, Kenyan, Africa, United States, South Africa, Zambia, Mali, Libya, Central, Tanzania, kwa, Sochi, Tanzanian, Tarimo’s, Yaroslavl region’s, Rybinsk, Democratic Republic of Congo, Yaroslavl, Ukraine’s, Lusaka’s Northmead, China, Lemekani, Tver region’s, Tver’s, Russia’s, Mordovia, Yopougon, Abidjan, Ivory Coast’s, Cocody

☆ Zambia seals $6.3 billion debt restructuring deal
▼ + stars: | 2023-06-22 | by ( Leigh Thomas | ) www.reuters.com time to read: +3 min

"We have reached an agreement on the outline of a debt treatment, we've reached the end of the negotiation," the French official, who did not wish to be identified, told journalists. Zambia's public sector creditors agreed to reschedule $6.3 billion, including $1.3 billion in arrears, and private sector creditors are expected to do the same on the $6.8 billion owed to them, the official said. The restructuring agreement with official creditors paves the way for Zambia to receive another $188 million tranche of money from the International Monetary Fund, part of a $1.3 billion package approved in August 2022. The scale of the debt relief Zambia requires has been a concern for some of the country's main creditors. Of the $6.3 billion in debt owed to government bodies, $4.1 billion was owed specifically to Export-Import Bank of China, the French official said.

Persons: we've, Hakainde Hichilema, Emmanuel Macron's, Leigh Thomas, Susan Fenton Organizations: International Monetary Fund, Import Bank of China, Zambian, Group, Thomson Locations: Zambia, China, Beijing, France

Search resuls for: "Zambian"

25 mentions found