Zambia will seek to refinance Zesco’s $2.5bn debt

Issue 446 - 23 Sep 2021 - By Chiwoyu Sinyangwe

President Hichilema’s new government plans to increase electricity and petrol prices in moves to restore Zambia’s fiscal fitness but which worry a majority of Zambians. To limit the pain, the UPND administration is seeking other ways of turning around insolvent utility Zesco, senior sources told Chiwoyu Sinyangwe in Lusaka.

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