Some interesting economic news that may have escaped your attention in the middle of the current political excitment!
Finance Minister Alexander Chikwanda wants Cabinet to approve a US$100m loan in order to repay another LAP GreenN loan obtained in 2011 to upgrade Zamtel. Chikwanda is apparently seeking $100m from Exim Bank of China to pay ZTE on behalf of LAP GreenN. In June 2010, theLAP GreenN acquired a 75 per cent stake in Zamtel, only to be nationalised in 2012 by PF. (Source : The Post)