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Zambia faces default despite bondholders’ reprieve

Location:

ZAMBIA

However, rather than reject Lusaka's proposal, a group of creditors abstained from the vote, forcing an adjournment until November 13. That date coincides with the end of Zambia’s…

Zambia edges towards a resolution of its debt crisis

Location:

ZAMBIA

The deal also appears to have satisfied official creditors, which had blocked an earlier deal on the basis that it granted bondholders more favourable terms than official…

Zambia debt impasse exposes flaws in the G20 framework

Location:

ZAMBIA

This brings the three-year attempt to negotiate a debt-restructuring deal to a halt at the last hurdle. The parties must now try to salvage the deal before the end-of-year…

Zambian economic gloom likely to worsen

Location:

ZAMBIA

Amid escalating external debt, President Edgar Lungu’s administration recently directed the liquidation of KCM, majority-owned by Vedanta, and is suspected to want to sell these…

G20 framework promises to ease Africa’s debt woes

Location:

AFRICA

Chinese creditors now look set to waive debt payments due between May 2020 and June 2021, when the G20's Debt Service Suspension Initiative (DSSI) currently expires, although…