FORMER finance minister Ng’andu Magande says he hopes President Hakainde Hichilema will come back with some clarity from China with regards to the debt which Zambia owes that country. President Hichilema is undertaking a state visit to China from September 10 to 16, 2023 at the invitation of that country’s President, Xi Jinping. In an interview, Saturday, Magande described Zambia’s debt as complicated, adding that despite the bilateral restructuring, some Chinese lenders were now defining themselves as private banks and refusing to join the G20 Common Framework. “The debt is very complicated because we really do not know what the conditions were for these Eurobonds and so on. So for anybody like me who is not not reading any files...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe