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Zambias

Zambia’s new president promises “better democracy” in his

Zambian incumbent President Hakainde Hichilema on Monday cracked down on the South African country's outgoing "brutal regime" while promising "better democracy" in his debut speech to the nation, hours after winning the top job in a landslide. Speaking shortly after his predecessor Edgar Lungu admitted defeat, the business magnate and veteran opposition leader said…

Concerns over African debt following Zambia’s difficulties

Zambia has failed to secure a moratorium on its Eurobond debt from its private creditors. Zambia is one of the many countries that have become indebted to Eurobonds in recent years. As the IMF worries about an alarming rise in debt in Africa, several African countries could quickly default on their payments. The event did not…

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