In order to hoodwink the miners and people of Zambia generally and take over KCM, China has written off the debt Zambia acquired to build Levy Mwanawasa stadium.
The Chinese have already taken over KCM but there is massive resistance from miners.
This has prompted Chinese ambassador to Zambia Li Jie to announce that China has forgiven Zambia of it’s $70 million Mwanawasa stadium.
The construction of the stadium started in 2010 and was opened on 2nd June 2012. The stadium was constructed by Chinese companies meaning most of the money returned to Shanghai.
By writing off $70 million, China has calculated that it can raise that amount within three months by selling copper at KCM, but PF leaders will be prostrating themselves thanking the ‘caring’ China. Idiots.