Author: Mukuni Zunduna

IMF SUPPORTED EXTENDED CREDIT FACILITY (ECF) ARRANGEMENT: STATEMENT BY HONOURABLE DR. SITUMBEKO MUSOKOTWANE, MP, MINISTER OF FINANCE AND NATIONAL PLANNING   Fellow countrymen, distinguished investors, development partners, and members of the international community, I wish to provide clarification regarding Zambia’s engagement with the International Monetary Fund (IMF) under the Extended Credit Facility (ECF) arrangement and… Continue reading From Stabilisation to Expansion: Government Signals Aspiration for a New-IMF Supported, Investment-Focused Growth Phase

The National Budget is an important economic policy tool which the Government uses to raise and spend revenues to achieve its objectives for a particular year. The Ministry of Finance and National Planning hereby invites stakeholders, including the general public and business community, to submit tax, non-tax (user fees and fines) and expenditure proposals for… Continue reading CALL FOR 2026 BUDGET SUBMISSIONS

STATEMENT BY THE MINISTER OF FINANCE AND NATIONAL PLANNING DR. SITUMBEKO MUSOKOTWANE, MP, ON PUBLICATION OF THE FIRST EVER TAX EXPENDITURE REPORT (TER)   The Ministry of Finance and National Planning wishes to announce the publication of the first ever Tax Expenditure Report. The Tax Expenditure Report for the fiscal year 2023 has been prepared… Continue reading 2023 Tax Expenditure Report

The Government of the Republic of Zambia, through the Public Private Partnership (PPP) Office, intend to identify and develop sustainable PPP infrastructure and social service delivery projects that will contribute to the economic growth and development of the country. The PPP Office hereby announces a Call for Proposals for Public-Private Partnership (PPP) projects in all… Continue reading ADVERT FOR CALL FOR PROPOSALS- PUBLIC PRIVATE PARTNERSHIP PROJECTS

In 2024, Government of the Republic of Zambia through the Bank of Zambia established an online investor portal for investing in Government securities. The online portal allows eligible investors to purchase Government securities online. Consequently, the Ministry of Finance and National Planning has created guidelines for the application process for using the investor portal to… Continue reading APPLICATION PROCEDURE FOR INVESTING IN GOVERNMENT SECURITIES

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS NOTICE OR THE MEMORANDUM (AS DEFINED BELOW). 14 June 2024 THE REPUBLIC OF ZAMBIA NOTICE OF SETTLEMENT AND OF HOLDING PERIOD ARRANGEMENT AND CASH PROCEEDS ARRANGEMENT… Continue reading NOTICE OF SETTLEMENT AND OF HOLDING PERIOD ARRANGEMENT AND CASH PROCEEDS ARRANGEMENT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT. 12 June 2024 The Republic of Zambia, represented by the Minister of Finance and National Planning of Zambia (the “Issuer” or “Zambia”) is pleased to… Continue reading ANNOUNCEMENT OF SUCCESSFUL SETTLEMENT OF EXCHANGE OF OUTSTANDING EUROBONDS

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT OR THE MEMORANDUM (AS DEFINED BELOW). Lusaka, 28th May 2024  BONDHOLDERS OVERWHELMINGLY VOTE IN FAVOUR OF THE PROPOSED RESTRUCTRUING DEAL as of the early consent… Continue reading BONDHOLDERS OVERWHELMINGLY VOTE IN FAVOUR OF THE PROPOSED RESTRUCTRUING DEAL AS OF THE EARLY CONSENT DEADLINE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT OR THE MEMORANDUM (AS DEFINED BELOW).   Government of the Republic of Zambia Launches Consent Solicitation for the Eurobonds. The Republic of Zambia, represented by… Continue reading Another Milestone in the Debt Restructuring

In response to misreporting concerning a $45 million payment as part of the bondholders restructuring agreement which some media houses have reported as advisors’ fees, the Ministry of Finance of Zambia wishes to issue the following clarification: The payment in reference is a ‘consent fee’ of 1.5% of the original face value of Zambia’s Eurobonds,… Continue reading CLARIFICATION ON $45 MILLION CONSENT FEE PAYMENT AS PART OF ZAMBIA’S EUROBONDS RESTRUCTURING AGREEMENT