Media Watch: Three Reasons Why to be Wary of CNBC’s Coverage of the Burgeoning China-Zambia Debt Crisis

Zambian President Edgar Lungu (L) meets and greets Chinese workers from Aviation Industry Corporation of China (AVIC Intl) during a walk on September 15, 2018 on a major road in Lusaka, Zambia. DAWOOD SALIM / AFP

Zambia is struggling to repay its debts and, according to new research from the business intelligence firm EXX Africa, and Chinese corporate creditors are indicating they aren’t willing to just write off the losses. 

Breakdowns in Zambia’s energy supply is rippling throughout the economy. Beginning this month, the country’s national power utility ZESCO will double the cost of power due to reduced supply from the country’s hydroelectric stations, higher oil prices and depreciation of the kwacha. 

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by Eric Olander

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