By NATION REPORTERThe answer to Zambia’s debt question is with China and the country’s long-term development prospects are strongly tied to the world’s second biggest economy, former Lusaka Province minister Bowman Lusambo has said.[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”4,5,6″ ihc_mb_template=”2″ ] Mr Lusambo said he was of sincere hope that the engines of the ZAF 1 Gulfstream G-650 Presidential Jet were getting ready to take off and fly President Hakainde Hichilema to China to engage with President Xi Jinping. “We also know that whether President Hichilema and his friends from Washington like it or not, ku Beijing kwena muzayenda baba,” he said. Meanwhile, Kankoyo Member of Parliament Heartson Mabeta said out of the US$31 billion borrowed, Zambia only owes China six billion dollars. Mr Mabeta wondered how Zambia could use US$6 billion to restructure US$31 billion. “The MoU in Washington has a detailed plan of how much each creditor including China are going to contribute towards the restructuring […]
Don’t be naive, engage China – Lusambo
