- by Mukosha Funga on 22 Aug 2019by Natasha Sakala on 22 Aug 2019by Mukosha Funga on 21 Aug 2019by Ulande Nkomesha on 21 Aug 2019
- by Ulande Nkomesha on 21 Aug 2019by Memory Chipili in Solwezi on 20 Aug 2019by Mukosha Funga on 19 Aug 2019by Natasha Sakala on 17 Aug 2019
- by Natasha Sakala on 21 Aug 2019by Zondiwe Mbewe on 21 Aug 2019by Zondiwe Mbewe on 21 Aug 2019by Zondiwe Mbewe on 21 Aug 2019
- Goal Diggers
- by Abraham Kalito on 8 Aug 2019by Abraham Kalito on 8 Aug 2019by Abraham Kalito on 5 Aug 2019by Abraham Kalito on 28 Jul 2019
- by Diggers Editor on 22 Aug 2019by Diggers Editor on 21 Aug 2019by Diggers Editor on 20 Aug 2019by Diggers Editor on 18 Aug 2019
- Guest Diggers
- by Chisoni Mumba, PhD on 17 Aug 2019by CUTS on 4 Aug 2019by Kangwa Muyunda on 3 Aug 2019by Rueben Lifuka on 31 Jul 2019
- Editor's Choice
- by Diggers Correspondent on 24 May 2019by Diggers Reporter on 4 Mar 2019by Andyford Mayele Banda on 29 Jan 2019by Davies Mwila on 22 Jan 2019
- by Diggers Correspondent on 11 Aug 2019by Mukosha Funga on 27 Jul 2019by Mukosha Funga on 21 Jul 2019by Web Master on 27 Jun 2019
Malanji asks US govt to retract statement that China is taking Zambia’s assetsBy Sipilisiwe Ncube on 17 Dec 2018
Zambia has written an official de’marche to the United States government to request a retraction of a portion of the statement made by a senior US official John Bolton, who alleged that the Chinese government intends to possess some state owned enterprises because of governments failure to settle it’s outstanding loan.
But US Ambassador to Zambia Daniel Foote says the White House was referring to widespread reports as well as examples of what the Chinese had done in other countries.
Zambia’s first secretary for press and public relations at High Commission on Ethiopia, Inutu Mwanza, said Foreign Affairs Ministers Joseph Malanji disclosed this in Addis Ababa yesterday, adding that the Zambians government was optimistic that the American Embassy in Lusaka transmit the de’marche to Washington DC as soon as possible.
In his statement to unveil new USA Policy on Africa in Relation to China and Russia , USA National Security Advisor John Bolton said Zambia owed China between US$6 billion and US$10 billion and was poised to lose its state utility company for China to recoup the debt.
But Malanji said the Zambian government was disappointed that such a statement lacking accurate information, could come from a high ranking official who could have easily verified the information with the American Embassy in Lusaka before giving a presentation of such magnitude.
“Such misinformation gives a bad name to America’s foreign policy,” Malanji said, adding “Zambia enjoys cordial bilateral and multilateral relations with the US government, and does not wish to see its diplomatic ties strained as a result of misinformation.”
The Minister said Zambia had not offered any of its state assets as collateral for the sovereign guaranteed oans the country was obtaining.
“Therefore, no state asset or state enterprise were at risk of being repossessed as they have not been used as collateral security,” said Malanji.
He also said Zambia was not in a debt crisis and its debt ratio in relation to the country’s GDP, was healthy.
The Foreign Affairs Minister said Zambia was managing its debt repayment very well and had not defaulted in any of its repayment plans.
In reaction to the demand from the Zambian government, Ambassador Foote said non-transparent contraction of loans posed a burden on recipient countries while fuelling corruption.
“While I have seen no evidence pointing toward a ZESCO takeover, the White House referred to widespread reports and approaches the Chinese have already taken in other countries. Such non-transparent contracting and debt acquisition impose unsustainable debt on recipients, fuelling corruption and limiting the options for the citizens of recipient countries to determine their future,” said Ambassador Foote in a brief reaction released by the Embassy, Sunday.
About Sipilisiwe Ncube
Sipilisiwe Ncube has a background in radio news.
Email: sipilisiwe [at] diggers [dot] news
- K1,500 surcharge for CBU students a fundraising venture – Kabwita - 12 Aug 2019
- PF has opened overnight street vending along Lusaka’s Lumumba Rd – Moonga - 12 Aug 2019
- Oasis Forum calls for withdrawal of Constitution bill - 9 Aug 2019
- Africa needs about US $660bn annually to achieve SDGs – UNCA - 9 Aug 2019
- Africa needs home-grown solutions for its challenges – Lungu - 8 Aug 2019
- Lungu leads 34 member delegation to India (2,350 views)
- Mushimba wonders why accepted UNZA student don’t show up to enroll (2,081 views)
- Ndulo, Sangwa must be drunk to think they can sue Lungu - Tutwa (1,658 view)
- You'll create constitutional crisis if you rule Matibini out of order on Roan seat, Mwansa tells ConCourt (1,641 view)
- State witness in Chimese’s case in court for perjury (1,042 view)
- Lungu was one of my brightest pupils, retired teacher tells court
- It's not LAZ but 2,3 overzealous lawyers challenging Bill 10 - Siliya
- Development will follow those who cry the most, says Lungu
- I'm suing Tutwa for alleging that I've been paid to fight govt - LAZ president
- Tutwa leads campaign to impeach LAZ president
Subscribe For News In Email
The News Diggers
Deputy News Editor
Plot No. Lus/9812/649-MC8
off Alex Chola Road
P.O. Box 32147
Telephone or WhatsApp:
diggers [at] diggers [dot] news
editor [at] diggers [dot] news
Send this to a friend