By SANDRA MACHIMAZAMBIA needs two kilogrammes of its finest emeralds to pay its US$750, 000 eurobond that is maturing in 2022, says United for Prosperous and peaceful Zambia (UPPZ) president Charles Chanda.Mr Chanda said it was unacceptable for Zambia to continue to suffering under the of debt when it had the finest emeralds and other resources in the world to repay its debts.“Fine emeralds will fetch about $95,500 per carat and since we have 5000 carats in one kg of emerald, this means we can get $477 500 000 from one kg. Therefore two kg of such high grade emerald will give us $955 000, 000,” he stated.He said the nation was now at a stage where citizens needed to enjoy the benefit of their natural resources especially now amid global Covid-19 pandemic.He stated that only 2kg of the emeralds could turn the country’s fortune around and enable it repay the eurobond as the nation […]
‘Emeralds answer to Zambia’s debt problem’
