Moody’s upgrade expected to strengthen Zambian businesses

Author: lusakatimes.comPublished on: November 4, 2026Country: Zambia

Business & Economy

Moody’s upgraded Zambia’s sovereign credit rating from Caa2 to Caa1 and assigned the country a positive outlook. The decision strengthens Zambia’s standing among the international business and investment community. Henry Kapata, Director Spokesperson at the Ministry of Information and Media, said Moody’s is one of the world’s leading credit rating agencies.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

NewsBoulevard

Business & EconomyZambia

lusakatimes.com•42m ago

Zambia Accelerates Energy Diversification

The supplied content contains no information about Zambia's energy diversification. It consists of a cookie and personal-data notice followed by links to other Lusaka Times stories. No energy projects, stakeholders or measures are mentioned.

Atiku challenges Tinubu over fresh $7.7 billion loan

PoliticsBusiness & EconomyNigeria

Luminous Jannamike•1h ago

Atiku challenges Tinubu over fresh $7.7 billion loan

Former Nigerian vice president Atiku Abubakar challenged President Bola Tinubu’s request for a fresh $7.7 billion foreign loan, equivalent to about 10.79 trillion naira. He urged the Senate to scrutinize the proposal and demanded disclosure of the funded projects, costs, interest rates and repayment schedules. Atiku noted that the request followed separate borrowing proposals of $20.52 billion and €1.045 billion, and called on international lenders to pause new lending until the government provides transparent terms and a credible repayment plan. He also criticized worsening living conditions, infrastructure and social welfare despite the removal of the petroleum subsidy and extensive borrowing.

Namibia’s president calls Dangote’s $2.5 billion energy investment a landmark for Africa’s industrial future

Business & EconomyNamibia

Udeme Akpan•1h ago

Namibia’s president calls Dangote’s $2.5 billion energy investment a landmark for Africa’s industrial future

In Walvis Bay, Namibian President Netumbo Nandi-Ndaitwah launched Dangote’s $2.5 billion project, calling it a major investment in regional industrialisation and energy security. The project includes a 600-million-litre fuel storage facility and an approximately 1,700-kilometre pipeline network linking Namibia with Botswana, Zambia, Zimbabwe, Malawi and parts of the DRC. Aliko Dangote said the facility will store 360 million litres of diesel and 240 million litres of petrol, and announced that the group’s Africa-wide investment ambition by 2030 has risen from $50 billion to $60 billion.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox