Zambia's Chinese debt conundrum

Issue 459 - 20 Apr 2022 - By Chiwoyu Sinyangwe | 2 minute read

Zesco’s commitment to Sinohydro carries a sovereign guarantee, adding to Zambia’s huge commitment to Beijing. Over 30% of Zambia’s $14bn-plus sovereign debt is attributed to Chinese lending to Zesco for generation and transmission projects.

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