PRESIDENT Hakainde Hichilema says his government would have invested a huge portion of China’s debt in the energy sector had it been in power during the time of PF’s borrowing. Speaking when he addressed the Council on Foreign Relations in Washington DC, President Hichilema said the previous government used most of the money acquired from China on road infrastructure. “It’s important to acknowledge that China is the single largest creditor in that category of foreign creditors to Zambia. With that recognition, it is important to understand how that debt was acquired. By and large, it was infrastructure development related. Does Zambia need infrastructure development? Yes. Absolutely yes. I think the issue was maybe, not for China, but for us as…...

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