News Snapshot:
LUSAKA (Reuters) -Zambia's debt to China stood at $5.75 billion at the end of June, Vice President Mutale Nalumango said on Thursday, reading out a statement from the finance minister in parliament. "The total publicly guaranteed and non-guaranteed external debt stock is $14.67 billion as at the end of June 2021. Of this amount, $5.75 billion is owed to Chinese creditors," Nalumango said. Last November, Africa's second-largest copper producer became the first African country to default on its sovereign debt during the COVID-19 pandemic. It is now in talks with the International Monetary Fund and hopes to secure a lending...
