Zambia says Zesco will not be ceded to China for debt repayment

Zambia has once again established the truth about the allegation that Zesco, its national electricity company, will be sold to China as a debt repayment to China. This time, it’s at the White House that she answers.

John Bolton, President Donald Trump’s security advisor, has recently claimed that in its eager pursuit of power in Africa, China is taking control of public entities such as Zesco in Zambia. This takeover would come in repayment of debts to China which amount to between $ 6 and $ 10 billion, according to the representative of the White House.

“It’s still unfortunate that such statements come from such high-level officials. Zesco is not a factor in the Chinese debt repayment process »reaffirmed Amos Chanda (photo), spokesman for the Zambian presidency. Before remembering that the figures mentioned are also false. Zambia currently has an external debt of $ 9.7 billion, of which $ 3.1 billion is contracted from China.

Source: News Africa

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