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Zambia will have to convince burned investors it remains an attractive credit as it markets its second bond in the international capital markets, according to International Financial Review Magazine. Investors on its debut issue have suffered losses as the country’s fiscal deficit has jumped, Treasury yields have risen and copper prices have continued to retreat.
President Michael Sata has rebuked Foreign Affairs Minister,Effron Lungu for writing him a letter and copying it to Foreign Affairs Permanent Secretary, Margaret Miyoba. Sata childishly said he tore the said letter. And Sata has created another position at State House for his cadres. The position is called permanent Secretary for State House.