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From Default to ‘Investable Again’: Zambia’s Long Road Back
Five years after missing a US$42.5 million Eurobond coupon and tumbling into default, Zambia has finally clawed its way back into the good graces of at least one major rating agency. On Friday, S&P Global Ratings lifted Zambia’s long- and short-term foreign-currency ratings to CCC+/C from selective default (SD) , formally removing the scarlet letter that has hung over the country since 2020. “It confirms that Zambia has moved out of default status and is steadily restoring
1 day ago5 min read
Zambia’s Debt Deal Hits a Snag: Why Afreximbank’s Role Could Reshape Africa’s Financing Future
Zambia was supposed to be turning the page on its debt crisis. After reaching a landmark agreement in June with private creditors to...
Sep 242 min read
Kenya Eyes Debt Buybacks and Longer Bonds: Managing Pressure in 2025
Kenya’s government is once again at a crossroads in its debt journey. This week, news broke that the Treasury is weighing a debt buyback...
Aug 213 min read
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