In three months’ time, on 20th September 2022, Zambia’s first Eurobond will mature. The Government will be required to settle its principal payment amounting to US$750 million in full. Twenty months later in April 2024, the Government will have to settle the second Eurobond worth US$1 billion. The HH led government promised to have a sinking fund for debt servicing but it is still empty-ZERO and they have not paid a ngwe towards Zambia’s total debt of $27 Billion.
Changala Siame
Secretary General of the Economic Freedom Fighters EFF