Zambia’s lenders, including major creditor China, have agreed to restructure the country’s public debt, officials said recently, providing financial relief to the first African nation to default after the Covid pandemic.

In a tweet, Zambian President Hakainde Hichilema said the country had “reached an agreement on a debt treatment with our official creditors”, calling it a “significant milestone in our journey towards economic recovery (and) growth”.

For more information, please see https://www.theeastafrican.co.ke/tea/business/zambia-creditors-agree-to-restructure-debt-4280628