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The Implosion of Zambia’s Debt Deal Signals Wider Worries

Delays in restructuring Zambian debt are weighing on the country’s economy and raise wider questions about the future of debt relief mechanisms around the world. Zambia appears stuck since the announcement last Monday that its committee of official creditors rejected a deal between ...

WEEK IN REVIEW: Zambia Debt | Lula’s China Diss | China-Africa Journalism

Zambia suffered a major setback this week in its nearly three-year odyssey to restructure $32 billion of debt when the country's bilateral creditors led by China and France pushed back against bondholders. Plus, Brazilian President Luiz Inácio Lula da Silva issued ...

Poor Countries Seek Bilateral Debt-Relief Efforts After Rebuf From IMF and World Bank

The International Monetary Fund's director dismissed calls debt cancellation from Ghana, Nigeria and other countries on the continent, saying it would adversely impact domestic creditors. (INVESTING) ETHIOPIA: After receiving debt relief from China, Ethiopia is reviving ...

Zambia, DRC to Build New Road to Expedite Copper/Cobalt Exports Via Tanzania

Zambia's Hakainde Hichilema and the Democratic Republic of the Congo's Félix Tshisekedi laid the foundation stone for a new 345-meter bridge over the Luapula River that divides their two countries as part of an ambitious new road project that will make it a lot easier to transport copper ...

$1.3 Billion Chinese Investment in Zambian Copper Sector as EU Readies Competing Deal

The Chinese mining giant China Non-Ferrous Metals Mining Company (CNMC) announced a plan to invest $1.3 billion in Zambia across a range of sectors. The agreement, announced by CNMC chairperson Xi Zhengping, includes a $400 million investment in the Chambishi copper mine, run by its subsidiary Non-Ferrous Corporation ...

How China’s Economic Slowdown Impacts Developing Countries

The Chinese economy is in trouble. Exports, manufacturing output, and investment are all down. Unemployment, particularly among young people is up. Provincial debt is now at a record $8 trillion while a burgeoning property crisis has eliminated a once reliable source ...

Zambian President Returns Home From Week-Long Visit to China, No Updates on Debt Restructuring Deal

Zambian President Haikinde Hichilema returned home this weekend from a week-long trip to China that appeared to be as much about sightseeing as it was about conducting substantive diplomacy. During the last stop of his tour in Beijing on Friday, Hichilema met ...

Zambian President Haikinde Hichilema Does the Rounds of Shenzhen’s Tech Giants

Zambian President Haikinde Hichilema devoted the third day of his week-long China tour to visiting some of the country's largest tech companies headquartered in the southern megacity of Shenzhen. The president visited the headquarters of internet giant Tencent, automaker BYD and ...

Forget About Everything Else, Hichilema’s in China to Resolve Zambia’s Still Unfinished Debt Restructuring Deal

Zambian President Haikinde Hichilema is spending much of this week visiting Chinese business hubs in Shenzhen and Shanghai, but the real focus of this trip will be dealt with later in Beijing, where he will tackle the sensitive issue of debt. ...

Zambian President Arrives in China for Crucial Debt Talks

Zambian President Haikinde Hichilema landed in the southern Chinese megacity of Shenzhen on Sunday to kick off a six-day visit to China that will include highly-anticipated talks with his Chinese counterpart Xi Jinping to finalize the details of a debt restructuring deal signed last June.
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