Reuters Africa

Zambia to send debt restructuring plan to China, other creditors ‘very soon’

By Marc Jones and Jorgelina do Rosario LONDON (Reuters) -Zambia will send its first fully-formed debt restructuring plan to China and other government creditors “very soon” the government’s legal advisors said, as it looks to capitalise on fresh momentum seen in high-level talks in recent days. Zambia has been in default since 2020 when it …

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Zambia says it’s close to MoU with official creditors on debt relief

By Chris Mfula LUSAKA (Reuters) – Zambia’s official creditors are close to signing a memorandum of understanding on debt relief, Finance Minister Situmbeko Musokotwane said on Friday. Zambia became the first African country to default on its sovereign debt during the COVID-19 pandemic in 2020, but it has struggled to finalise restructuring talks on external …

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Conservative Anglican group says it has no confidence in Church of England leader

NAIROBI (Reuters) -A conservative group of Anglican church leaders said on Friday that it no longer had confidence in the leader of the Church of England (CoE) over his stance on same-sex unions. Earlier this year the CoE – where the Anglican tradition originated – set out proposals to allow priests to bless same-sex couples …

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Chad recalls envoy to Cameroon as dispute over Exxon’s asset sale escalates

N’DJANEMA (Reuters) – Chad has recalled its ambassador to neighbouring Cameroon in the latest escalation of a dispute over the sale by Exxon Mobil of its oil assets in both countries to Savannah Energy. Chad said in a statement late on Thursday that the president of the landlocked Central African state decided to recall its …

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