Zambia has officially emerged from five years of debt default status after Fitch Ratings upgraded the country’s credit assessment to B- with a stable outlook. This landmark decision, announced on November 28, 2025, marks a crucial turning point for the copper-rich nation’s financial recovery and aligns Fitch with other major rating agencies that have recently recognized Zambia’s debt restructuring progress. The upgrade triggered an immediate positive market response, with yields on Zambian dollar bonds declining as investor confidence improved.
about Zambia Exits Default After 5 Years as Fitch Upgrades Rating
News from ZMB
Generated 0 posts last week Zambia Seeks IMF Program Extension Through 2024
Zambia is negotiating with the International Monetary Fund to extend its $1.7 billion financial program by an additional year, with Finance Minister Situmbeko Musokotwane confirming the government’s position in recent interviews. The country hopes to secure a new agreement with additional funding before the end of 2024, building on the existing arrangement that was originally set to expire in October but received a three-month extension to allow completion of final reviews.
about Zambia Seeks IMF Program Extension Through 2024Zambia Mine Dam Collapse: Toxic Sludge Far Worse Than Thought
A recent evaluation reveals that the collapse of a waste dam at the Sino-Metals Leach Zambia mine near Kitwe released at least 1.5 million tons of toxic sludge—30 times more than previously reported. The February incident has sparked significant environmental and health concerns, with the full extent of the damage still being assessed. The findings come from the company hired to evaluate the environmental impact, highlighting the severity of the disaster and potential long-term consequences for the region.
about Zambia Mine Dam Collapse: Toxic Sludge Far Worse Than ThoughtIOTA Tech Adopted by Governments Worldwide for Digital Transformation
IOTA’s distributed ledger technology (DLT) is being widely adopted by governments for digital transformation. Peru is implementing it for smart cities and governance, while Kenya uses it for customs digitization via the TradeNet System. The UK and Netherlands are testing IOTA for food supply chain monitoring, and Japan is applying it in industrial maintenance. The IOTA Foundation has partnered with global organizations like the World Economic Forum to promote decentralized trade infrastructure, as seen in Zambia. Additionally, IOTA has gained Shari’a compliance, expanding its reach in Islamic finance, while the UAE showcases it as a leader in green digital services. Regulatory discussions in the EU aim to balance innovation with consumer safety.
about IOTA Tech Adopted by Governments Worldwide for Digital TransformationIOTA Launches TWIN Foundation to Boost Global Trade
IOTA has announced the formation of the TWIN Foundation, a collaborative effort involving six key organizations to standardize and develop blockchain-based trade solutions. The foundation will focus on creating open-source digital infrastructure, implementing best practices, and fostering partnerships to improve global supply chains. This move follows IOTA’s recent Rebased Protocol mainnet launch, which enhances programmability and staking. Analysts predict bullish momentum for IOTA, with potential to breach the $0.28 resistance level. The TWIN Foundation aims to make trade more inclusive and efficient, leveraging distributed ledger technology for smarter border management and business opportunities.
about IOTA Launches TWIN Foundation to Boost Global Trade