Is Zambia the New Mozambique? Rising Debt Levels Reverberate Through Sub Saharan Africa
Bonds & Loans
Published: 23 May 2018 03:54
Mozambique’s recent default on bond obligations, due to copious amounts of hidden loans, was a shock for investors in the region, seen by many as a harbinger of more fiscal troubles on the horizon for Sub-Saharan Africa. Reports in the local press may indicate a familiar pattern emerging in Zambia – but for now, analysts are giving it the benefit of the doubt.