Lungu asks Turkey to repay Zambia’s Eurobonds

Lungu asks Turkey to repay Zambia’s Eurobonds

President Edgar Lungu has requested Turkey to repay Zambia’s US$ 3 billion Eurobond loans.

According to ZNBC, Lungu told Turkish President Recep Tayyip Erdoğan that $750 million is almost due for repayment.

Lungu said he has information that an Turkish company has showed interest in repaying the loan. ZNBC did not say what president Erdogan’s response to the request was.

The Turkish leader met his Zambian presideht Edgar Lungu in the capital Lusaka on July 28, before announcing that the two countries have agreed to sign deals on 12 areas.

Erdoğan and first lady Emine Erdoğan were accompanied by Turkish Foreign Minister Mevlüt Çavuşoğlu, Finance and Treasury Minister Berat Albayrak, National Defense Minister Hulusi Akar, Trade Minister Ruhsar Pekcan and other two lawmakers, according to Turkish media. 

He was welcomed by President Lungu and his wife, the Zambian foreign minister, the Zambian ambassador in Ankara and Turkey’s ambassador in Lusaka including other ministers and diplomats upon their arrival at the Kenneth Kaunde International Airport.

“We will sign agreements on 12 different areas,” Erdoğan said in a press conference, while stressing the need for cooperation in fields includings agriculture, security and education.

 

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