Follow CGSP on Social Media

Listen to the CGSP Podcast

Tussle Underway Among China, South Africa, and France to Co-Chair Zambia’s Creditor Committee

by Eric Olander
Stephen Chan is a prominent Africa-China scholar at the University of London's School of Oriental and African Studies.

Sharp elbows are out among countries vying to help lead Zambia’s newly-energized debt restructuring process, following China’s announcement last week that it plans to join a new creditor’s committee.

Soon after Chinese officials announced their intent to join the committee, they indicated that they also wanted to serve as co-chair. Over the weekend, however, South Africa and France announced their bid to jointly co-chair the committee that will convene to restructure Zambia’s $17.3 billion of external debt.

…

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

OR

Already a subscriber? Log in Click Here to Learn More

You Might Like

China’s Decision to Join Zambian Creditor Committee is Well Received Albeit With Some Skepticism

There was a wide range of reactions to China’s decision to become a member of a new Zambian creditors committee that will convene with the aim of restructuring the African country’s $17 billion external debt.  ...

It’s Not a Creditor, So Why is France Involved in Zambia’s Debt Restructuring?

While it makes sense that China and South Africa would want to be involved in Zambia’s debt restructuring process given that both have a lot of money on the line. But France? Zambia doesn’t owe ...

What is China’s Real Role in Sri Lanka’s Debt Crisis?

Few debt crises have triggered as much disinformation as Sri Lanka’s. The country is currently grappling with a complex debt restructuring process amid its worst economic crisis since independence. The role ...

What is The China-Africa Project?

Independent

The CAP is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Africa stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalist and a variety of stakeholders in the China-Africa discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

Subscribe