Zambia: Needs close to $1B in humanitarian recovery support
Hakainde Hichilema says aid critical in containing drought that has adversely affected around 9.8 million people
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Zambia debt
Zambian FM resigns over ‘malicious’ claims on business deal
Zambian Foreign Minister Stanley Kakubo resigned on Tuesday amidst suspicions surrounding a business deal with a Chinese businessman
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Zambia’s debt restructuring bid stalled over more relief demands
Zambia’s efforts to restructure its debt have been dealt a major blow as official creditors have rejected a revised deal to rework $3 billion of Eurobonds. The country’s official creditor committee (OCC), which includes China, Japan, and the Paris Club of creditor nations, said that the deal did not offer comparable relief to both commercial and official creditors.
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