By BUUMBA CHIMBULU ZAMBIA’s debt stock, which comprises of external debt, publicly guaranteed and domestic debt has risen to US$25.3 billion as at end September 2024, with the country still struggling to deal with reduced maize and electricity production caused by the drought that has so far placed more than six million Zambians at the risk of famine. As of this year, Zambia’s external debt has increased by 7.0 percent to US$15.33 billion as end of September 2024 from US$14.27 as of September 2023, while publicly SOE guaranteed external debt has reduced to US$1.38 billion as at end September 2024 from US$1.41 billion as at end September, 2023. However, the country’s domestic debt, which is the stock of government securities has increased by CLICK HERE TO READ MORE
Zambia’s external, publicly guarantees, domestic debt rises to US$25.3bn
