Africa in the news: Zambia’s debt, Kenya’s parliament and trade, and politics in the Horn of Africa


Zambia asks to defer its debt payments

On Tuesday, September 22, Zambia’s government announced that it was running out of cash to service its debt, and asked holders of its three eurobonds, worth a total of $3 billion, to defer interest payments worth almost $120 million until April. The deferment makes Zambia the first African country to default on its debt since the start of the COVID-19 pandemic. The government placed blame for the default on a combination of declining revenues—partially driven by decreases in the price of copper, a natural resource that makes up 70 percent of…



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