Controversy Surrounds Zambian Highway Project DeutscheWelle: Zambia
after Zambia defaulted on its foreign debts. Funds to reconstruct the road were essentially part of the loan.Instead, Zambia has now opted for a different financing model -- a public-private partnership."We are not going to borrow a cent for this road," said Zambia's Finance Minister Situmbeko Musokotwane.
The Macro Ocean Investment consortium includes equipment maker AVIC International Project Engineering, road-building specialist Zhejiang Communications Construction Group and China Railway Seventh Group.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The challenges facing Zambia's modern democracy | News24Kenneth Kaunda is credited with bringing multi-party democracy to Zambia in 1991. The non-involvement of Zambia's military ensured a smooth transition of power. Critics say Hakainde Hichilema has failed to open space for civil society. | CdeLENIN
Read more »
Stellenbosch University vice-chancellor in nepotism controversy | News24Stellenbosch University rector and vice-chancellor Wim de Villiers is under fire for using his discretionary powers to admit a relative to study medicine.
Read more »
WATCH: 'It looked like a tornado' - Empangeni residents recount destructive stormResidents of Empangeni and surrounds are picking up the pieces while authorities are assessing the damage after a severe storm left a trail of destruction. ECRNewsWatch KZN
Read more »
Shameel Joosub honoured with 2023 MyBroadband Telecoms CEO of the Year trophyVodacom CEO Shameel Joosub recently won the 2023 MyBroadband Telecoms CEO of the Year award, thanks to his outstanding leadership.
Read more »
Shameel Joosub honoured with 2023 MyBroadband Telecoms CEO of the Year trophyVodacom CEO Shameel Joosub recently won the 2023 MyBroadband Telecoms CEO of the Year award, thanks to his outstanding leadership.
Read more »
MOE. excited as she gets Metro FM Music Awards 2023 nod“The feeling of being nominated for my first award, ever, it’s surreal. Incredible.'
Read more »