Ethiopian Airlines pilot lands at wrong Zambia airport

An Ethiopian Airlines cargo plane flying into Zambia accidentally landed at an airport that is still under construction, a government official said Monday. The plane hit the tarmac on Sunday at the uncompleted airport in Zambia’s northern Copperbelt province, which is currently served by the Simon Mwansa Kapwepwe International Airport around 15 kilometres (nine... Read More

Nigeria’s Access Bank concludes acquisition of Cavmont Bank in Zambia, to streamline operations with local unit

By Samuel Bankole Nigeria’s Access Bank on Wednesday said its Zambian unit has concluded the acquisition of Cavmont Bank Limited after regulatory approvals in the East African country. In a regulatory filing, Access Bank said the merger of Cavmont Bank into Access Bank Zambia “is expected to take place before the end of January.”... Read More

Zambia agrees with China bank on debt repayment plans

Zambia has reached deal with the China Development Bank (CDB) to defer debt repayments that were due this month, Zambia’s government said, without giving the size of the debt or the repayments that were due. “Under the terms of our agreement with CDB, interest and principal due on 25th October 2020 will be deferred.... Read More