Zambia 09.10.2024

 ·         China has pledged $1bn to refurbish the Tanzania- Zambia railway. https://www.scmp.com/news/china/diplomacy/article/3280038/china-bring-tanzania-zambia-railway-back-full-speed-us1-billion-boost

·         China and Zambia have also signed a MoU to build the countries first cholera vaccine production plant. The first phase will cost $37m and around 3 million doses are expected to be produced. https://www.agenzianova.com/en/news/China%2C-Zambia-sign-memorandum-of-understanding-to-build-cholera-vaccine-production-facility/

·         UNICEF analysis of Zambia’s 2025 national budget. https://www.unicef.org/zambia/reports/analysis-2025-national-budget

·         Morgan Stanley has praised the national budget for 2025. This has caused bonds to climb. However, critics are concerned the budget didn’t mention the current drought- the worst drought the country has faced in a century. https://allafrica.com/stories/202410030303.html

·         Ten people have died and five left injured after a mine collapsed in Zambia earlier this week. https://www.reuters.com/world/africa/ten-dead-five-injured-after-zambia-mine-collapses-2024-10-07/

·         Zambia plans to launch a sovereign wealth fund next year to help “shield” the country from financial shocks. https://www.bloomberg.com/news/articles/2024-10-02/zambia-plans-to-launch-sovereign-wealth-fund-in-2025