Zambia has reached a deal with two Chinese state-owned lenders to restructure $1.5 billion in debt, according to Finance Minister Situmbeko Musokotwane, a major step toward concluding a years-long process.
The loans owed to China Development Bank and Industrial and Commercial Bank of China were among the biggest remaining liabilities the southern African nation needed to rework under a debt restructuring process it began in 2020 after becoming Africa’s first pandemic-era sovereign defaulter. Continue here.
If you do need a website or your business needs a website, we’re here to bring your dreams to live. Contact us. We would give you the best in quality and the most affordable you would get on the market place. Enjoy our 100% refundable deals. You can’t loose let’s talk about your project.
Kindly reach out on WhatsApp directly and let’s make this decision your most important and best investment post 3 years.
Disclaimer: Full credit to the writer, and the associates.
