A public finance management expert has called our Government to limit the 2021 national budget to below K106 billion due to lower projected revenue on account of coronavirus.
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Energy independence with solar
UNITED States of America politician Bernie Sanders once said: “If we are serious about moving towards energy independence in a cost-effective way, we should invest in solar energy.” “If we are serious about cutting air, water pollution and reducing greenhouse gas emissions, we should invest in solar energy.” Indeed, solar can move towards energy independence in a cost-effective way and supplement hydro energy, currently under threat due to the drying up of power generation and water bodies triggered by climate change.
Zambia’s Call for Debt Relief Triggers Africa Default Fears
Zambia became the first African country to ask bondholders for relief since the onset of the coronavirus, raising fears of a wave of defaults rippling through the continent as a decade-long debt binge unravels. The southern African country said Tuesday it’s running out of cash to service its debts and needed “breathing space” to plan a restructuring announced earlier. It asked holders of its three Eurobonds totaling $3 billion to defer interest payments of almost $120 million until April, sending the securities plunging to barely half their face value.
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