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Zambian President Hichilema's $6bn debt deal hailed as 'historic'

2023-06-23 14:11
The country, which defaulted in 2020, has been engaged in protracted talks over its repayments.
Zambian President Hichilema's $6bn debt deal hailed as 'historic'

Zambia's President Hakainde Hichilema can finally breathe a sigh of relief as the outlines of a deal aimed at lifting his country out of its debt crisis have been unveiled.

In 2020, the copper-rich country became the first African nation to default on its debt payments during the Covid pandemic...