Zambia’s President Hakainde Hichilema has vowed to “uncover Zambia’s true debt burden”. Photo: Pool via Reuters
Zambia’s President Hakainde Hichilema has vowed to “uncover Zambia’s true debt burden”. Photo: Pool via Reuters

China in Africa: Zambia’s Chinese debts nearly double the official count, study says

  • Zambia owed Chinese financiers US$6.6 billion as of August, not US$3.4 billion as reported by outgoing administration, China Africa Research Initiative says
  • The lack of full disclosure and transparency seen to complicate Zambia’s bid for debt relief from G20 countries and hopes of an IMF bailout

Zambia’s President Hakainde Hichilema has vowed to “uncover Zambia’s true debt burden”. Photo: Pool via Reuters
Zambia’s President Hakainde Hichilema has vowed to “uncover Zambia’s true debt burden”. Photo: Pool via Reuters
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