Regional news: Zambia
GRR Live, New York: China’s debt-trap conspiracy
After two decades that have seen China become the largest bilateral lender to the world’s poorest countries, attendees at GRR Live in New York said talk of so-called “debt-trap diplomacy” is misplaced but the country needs to decide whether it wants to be isolated or part of the developed financial world.
19 October 2022
Zambia seeks relief under G20’s new common framework
Zambia’s ministry of finance announced it had become the third African country to request debt relief under the G20’s new common framework this week, but a local lawyer tells GRR that upcoming elections and its Eurobond default may complicate negotiations.
09 February 2021
Zambian court halts miner’s liquidation while arbitration proceeds
A Zambian court has reportedly blocked winding-up proceedings for a copper mining joint venture between a local state-owned entity and the UK’s Vedanta Holdings, pending the resolution of an arbitration between the parties.
24 November 2020
Sovereign debt column: Is this time different for Sub-Saharan Africa?
Cleary Gottlieb Steen & Hamilton partner Sui-Jim Ho discusses the current spiralling debt levels in Africa and argues that there is not necessarily the same cause for concern as there was in the past.
30 August 2019
Indian miner seeking arbitration over Zambian provisional liquidation
One of Africa’s biggest copper producers is facing winding-up proceedings in Zambia, triggering an international arbitration threat from Vedanta Resources, its Indian majority owner.
05 June 2019