News

China ponders cancelling Zambia debt

CATHERINE MUMBA, Choma
CHINA will consider cancelling Zambia’s debt in form of interest-free common loans that will mature by the end of 2020.
Chinese Ambassador to Zambia Li Jie said China will further extend the period of debt suspension from May 1 to the end of 2020 to help the country get over the current economic difficulties due to the COVID-19 pandemic.
Mr Li said this during the commissioning of 50 houses for police officers in Mazabuka by President Edgar Lungu.
“To cushion the impact of COVID-19, it is important that there is even closer collaboration and consultations. China and Zambia are both facing CLICK TO READ MORE






Facebook Feed

Ad1