Finance & investment news


Zambia freezes $3.4bn Chinese solar deal amid unresolved financing problems

State-owned utility Zesco is looking for a new renewable energy contractor, having put on hold a 2.4GW solar PV development with China’s CiEG. Work on other projects is continuing, but this is a difficult period for Zambia, which has still to implement its multilateral debt deal amid a lack of foreign currency and financing, writes Chiwoyu Sinyangwe in Lusaka.

Issue 496 - 04 December 2023

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