ZAMBIA: CASH-STRAPPED GOVERNMENT AGAIN TARGETS THE MINING SECTOR AFTER MESSY DEFAULT
Mon, 04 January 2021
Recent statements by President Edgar Lungu imply that Zambia’s government is likely to increasingly intervene in the extractive sector over 2021, prompting fears of nationalisation. However, with limited access to funds and an upcoming election in August, the need to sustain current levels of mining production will constrain Lungu’s options.
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