Follow CGSP on Social Media

Listen to the CGSP Podcast

Zambia Wants Debt Reduction As Part of Renegotiation: Hichilema

by Eric Olander
The President of Zambia, Hakainde Hichilema, speaks at the Mining Indaba in Cape Town on May 9, 2022. RODGER BOSCH / AFP

Zambian President Hakainde Hichilema is optimistic that Zambia’s debt renegotiation is now on track, following the recent announcement that China and France will head the creditors’ committee. The committee’s first meeting will be next week.

Speaking at a mining conference in Cape Town, Hichilema said: “It took us a bit of time to get China on board. China is on board.”

…

  • 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

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 ...

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.  ...

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

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 ...

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