{"id":38487,"date":"2026-07-01T10:12:04","date_gmt":"2026-07-01T08:12:04","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=38487"},"modified":"2026-07-01T10:12:04","modified_gmt":"2026-07-01T08:12:04","slug":"investors-have-regained-appetite-for-zambia-after-default","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/investors-have-regained-appetite-for-zambia-after-default\/","title":{"rendered":"Investors have regained appetite for Zambia after default"},"content":{"rendered":"<div>Zambia&#8217;s mining, energy and agriculture sectors have drawn significant investor interest as the government&#8217;s fiscal consolidation gains traction after emerging from a sovereign default, said \u200bCiti&#8217;s country Chief.<\/div>\n<div><\/div>\n<div>&#8220;We have noted increased interest, especially when we have seen significant \u200cstrides being made in terms of bringing stability to the Zambian economy,&#8221; said Lowani Chibesakunda, Citi&#8217;s Chief executive and banking head for Zambia, in an interview with Reuters on Tuesday.<\/div>\n<div><\/div>\n<div>&#8220;We have noted key interests in \u200bmining, in energy, as well as in agriculture.&#8221;<\/div>\n<div><\/div>\n<div>Zambia is rich in copper, positioning \u200bit well as demand for the red metal grows, spurred by the transition \u2060to clean energy and soaring power needs for Artificial Intelligence data centres.<\/div>\n<div><\/div>\n<div>&#8220;You cannot talk about \u200bthe Zambian story without emphasising the importance of mining and seeing how copper prices have remained \u200bbullish,&#8221; said Chibesakunda.<\/div>\n<div><\/div>\n<div>&#8220;The focus that is there now on copper-related products, be it your electric vehicles, et cetera, is really driving a lot of growth in that sector.&#8221;<\/div>\n<div><\/div>\n<div>The government secured 97.85% participation in a cash \u200btender offer for its $1.365 billion outstanding notes, launched on May 29, in what the Ministry \u200bof Finance described as part of broader efforts to improve debt sustainability and reduce long-term obligations.<\/div>\n<div><\/div>\n<div>Citi \u200cacted as \u2060sole mandated bank to organize, structure, and execute the transaction.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":13693,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-38487","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Zambia's mining, energy and agriculture sectors have drawn significant investor","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38487\/revisions"}],"predecessor-version":[{"id":38488,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38487\/revisions\/38488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13693"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=38487"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=38487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}