“We are fully conscious as a nation and we are alive to the fact that we need to uplift the lives of our people. I need to emphasise that all forms of bilateral co-operation with China are and will always be informed by this noble focus,” he added. Information from Africa Confidential, a London-based publication had suggested that two state entities were to be taken over by China. Its report was widely reported by other portals that the power company, Zesco, was due for takeover after the state broadcaster.
Zambia’s external debt figures are pegged officially $9 billion. Like other African nations, its indebtedness to the East Asian giant continues to soar especially in the area of infrastructure development.
