DISPATCHES
Vol 65 No 7 |
- GHANA
- ZAMBIA
President Hakainde Hichilema's government appears to have taken a big step forward towards a major debt agreement after reaching a deal on Monday with a group of private creditors to restructure US$3 billion of its international bonds...
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Investor confidence has grown since the United Party for National Development led by President Hakainde Hichilema won a landslide win in August 2021 but finding a resolution to the country's crippling debts has been slow...
After its two year-long attempt to restructure US$4 billion in dollar bonds fell apart last November President Hakainde Hichilema's government has been turning to its mining industry to bolster investor confidence...
Copperbelt sources are more circumspect about the qualities of Zambia's Mines Minister Paul Kabuswe who was the government's star turn at the Cape Town Mining Indaba appearing on four or five panels a day once President Hakainde Hichilema had flown back to Lusaka...
Despite surging into government on a wave of popular relief at the departure of President Edgar Lungu's haphazard venal government in August 2021 Zambians still await with dwindling patience the fulfilment of the election promises of President Hakainde Hichilema and his United Party for National Development (UPND)...
DISPATCHES
Praising President Hakainde Hichilema's government for its role in brokering the agreement the International Monetary Fund had previously said it would use the deal as a template for other nations such as Ethiopia and Ghana that are also seeking debt restructuring under the G20's Common Framework...
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3 billion of Zambia's foreign debt gives President Hakainde Hichilema much of what he was looking for – a resolution after almost two years of tortuous negotiations and a sharp cut in debt service obligations worth an estimated $5...
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On 20 January Zambia's President Hakainde Hichilema announced a US$2 billion agreement with Masdar for solar energy projects in the region...
DISPATCHES
Zambia's President Hakainde Hichilema urged creditors on 23 January to accelerate negotiations to restructure some US$13 billion of the country's $17bn foreign debt after meeting with Kristalina Georgieva managing director of the IMF in Lusaka...
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At the present rate of progress President Hakainde Hichilema and his United Party for National Development (UPND) – elected in a landslide by voters fed up with six years of sleaze and chaos under President Edgar Lungu – risks reaching the half-way mark of their five-year term having fulfilled few of their campaign promises...
They have indicated that significant debt restructuring or haircuts will need to be agreed with private and bilateral creditors even if President Hakainde Hichilema manages to successfully push through the spending cuts demanded by the IMF (AC Vol 63 No 19 Fears of pain in prospect)...
