Zambia's Finance ministry says it will remain in default on payments to regional lenders including the African Export-Import Bank (Afreximbank), until the restructuring process is completed, despite the  Cairo-based lender's preferred creditor status. According to Reuters news, the Secretary to the Treasury Felix Nkulukusa, says the Afreximbank loan is not a concessional loan but a commercial therefore it will be restructured. Thami Ngubeni spoke to Trevor Hambayi, a Senior Managing Partner at Development Finance Associates

<p>Zambia's Finance ministry says it will remain in default on payments to regional lenders including the African Export-Import Bank (Afreximbank), until the restructuring process is completed, despite the &nbsp;Cairo-based lender's preferred creditor status. According to Reuters news, the Secretary to the Treasury Felix Nkulukusa, says the Afreximbank loan is not a concessional loan but a commercial therefore it will be restructured. Thami Ngubeni spoke to Trevor Hambayi, a Senior Managing Partner at Development Finance Associates</p>

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

<p>In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.</p>