Zambia Restructures 92% of Its External Debt
Zambia Restructures 92% of Its External Debt
Zambia has freed up resources to invest in energy, mining, and infrastructure, President Hakainde Hichilema announced.
Other highlights from the leader's speech:
🟠 Economic Growth: Between 2021 and 2024, the economy grew at an average of 5.2% per year, three times faster than its growth rate from 2017 to 2020;
🟠 Currency and Inflation: The kwacha has stabilized, and inflation has fallen from 23.1% in January to 15% in August;
🟠 Special Economic Zones: New zones will be established in every province to create jobs and support local production;
🟠 Mining: The reopening of the Mopani and Konkola sites has revitalized copper production;
🟠 Energy: Key projects are progressing, including solar plants of 94 MW in Kitwe and 100 MW in Chisamba, a 300 MW coal plant in Maamba, and ongoing reforms to attract private investment.
AI-generated image
Subscribe to @sputnik_africa
