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CNBC Africa

Zambia on Track for Debt Restructuring Next Quarter-Finance Minister

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Zambia is pushing hard to complete the restructuring of nearly $15 billion of external debt in the first quarter of 2023 and is “in active engagement” with its largest bilateral creditor China, Zambia’s finance minister said in an interview…
CNBC Africa

IMF Grants Malawi Waiver in Reserves Misreporting Case

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The International Monetary Fund’s executive board has granted Malawi a waiver after it was suspected of misreporting its foreign exchange reserves, helping clear the way for new lending, the IMF’s resident representative for Malawi told…