Follow CAP on Social Media

Listen to the CAP Podcast

It’s Make or Break Time in Zambia as the Government, Bondholders, and China All Face-Off

File photo of Zambia President Edgar Lungu. SALIM DAWOOD / AFP

A dramatic showdown is taking place in Zambia. Bondholders, Chinese creditors, and the government are all involved, and the fate of the country’s financial stability is at stake. A crucial vote is scheduled to take place tomorrow that will likely determine if Zambia will become the first African country this year to default on a portion of its external debt.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Africa Project?


The CAP is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Africa stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalist and a variety of stakeholders in the China-Africa discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.