Zambia cancels $500 million Zesco loan guarantee

CATHERINE MUMBA, Lusaka MINISTER of Finance Margaret Mwanakatwe has recalled and cancelled a sovereign guarantee of US$500 million which was issued in favour of Stag African Investments Limited to give Zesco Limited a loan.Stag African Investments Limited is a company incorporated in Zambia. Secretary to the Treasury Fredson Yamba said in a statement yesterday that […]