Zambia is struggling to repay its debts and, according to new research from the business intelligence firm EXX Africa, and Chinese corporate creditors are indicating they aren’t willing to just write off the losses.
Breakdowns in Zambia’s energy supply is rippling throughout the economy. Beginning this month, the country’s national power utility ZESCO will double the cost of power due to reduced supply from the country’s hydroelectric stations, higher oil prices and depreciation of the kwacha.
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