Africa in BusinessAfrica in Business

Zambia in talks with Afreximbank to restructure debt 

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Zambia says it remains hopeful of reaching an agreement on debt restructuring with Afreximbank, even as the matter is currently under arbitration. The Southern African nation, which defaulted in 2020, has already secured agreements with creditors covering 94% of the debt it seeks to restructure. Meanwhile, the International Monetary Fund (IMF) has approved the sixth and final review of Zambia's extended credit facility, clearing the way for a $190 million disbursement. Thami Ngubeni spoke to an  Economic Analyst based in Zambia, Yusuf Dodia

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