Zambia’s risk of default highlights Africa’s debt crisis

Zambia’s risk of default highlights Africa’s debt crisis

KAMPALA, Uganda (AP) “” Facing financial difficulties aggravated by the coronavirus pandemic, the southern African nation of Zambia appears headed for a default on debt owed to private investors. One of the world's top copper producers, Zambia for years has been heavily indebted but now could get an undesired reputation for financial unreliability if a “¦ Continued

The post Zambia's risk of default highlights Africa's debt crisis appeared first on Egypt Independent.KAMPALA, Uganda (AP) “” Facing financial difficulties aggravated by the coronavirus pandemic, the southern African nation of Zambia appears headed for a default on debt owed to private investors. One of the world's top copper producers, Zambia for years has been heavily indebted but now could get an undesired reputation for financial unreliability if a “¦ Continued

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