Category: MoFNP News

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

Government through the Bank of Zambia announced a change in the issuance method of Government bonds from discount to par value in the primary market effective January, 2024. In this view, a brochure has been developed to provide clarity on concerns raised by various stakeholders on the impact this policy shift would have on investing… Continue reading Government Bonds Issuance Fact Sheet

The Government of the Republic of Zambia (the “Government”) and the Steering Committee (the “Steering Committee”) of the Ad Hoc Creditor Committee (the “Committee”), have reached agreement in principle on the key commercial terms of a proposed restructuring transaction (the “Restructuring”) relating to the Government’s bonds due 2022, 2024 and 2027 (the “Bonds”, and the holders… Continue reading Government of the Republic of Zambia Reaches Agreement on Debt Restructuring Terms with the Steering Committee of the Ad Hoc Creditor Committee of holders of Zambia’s Eurobonds

We are pleased with the announcement by the World Bank that an immediate disbursement of US$100 million GRANT for phase 1 of the Zambia National Energy Advancement and Transformation (NEAT) Programme for the period 2023 to 2033, has been approved. Finance and National Planning Minister Dr. SITUMBEKO MUSOKOTWANE, MP, takes the opportunity to sensitise fellow… Continue reading US$100 MILLION WORLD BANK GRANT FOR PHASE 1 OF THE NATIONAL ENERGY ADVANCEMENT AND TRANSFORMATION (NEAT) PROGRAMME (2023 TO 2033), ELATES THE GOVERNMENT

Click the link below to access the Medium-Term Budget Plan WHITE PAPER 2024-2026 MEDIUM-TERM BUDGET

A high-level Zambian team has arrived in Davos, Switzerland, for the 2024 Annual Meeting of the World Economic Forum, which commences tomorrow Monday 15th January, 2024, and ends on Friday 19th January, 2024. Finance and National Planning Minister Dr SITUMBEKO MUSOKOTWANE, MP, is leading the Zambian delegation on behalf of President Hakainde Hichilema. Others in… Continue reading ZAMBIA’S “INVESTMENT PROMOTION AMBASSADORS” ARRIVE IN DAVOS-SWITZERLAND FOR THE 2024 WORLD ECONOMIC FORUM (WEF) ANNUAL MEETING