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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COMMENTS

WORDPRESS: 9
  • comment-avatar
    samlindo 2 weeks ago

    First you accrue credit on behalf of the country, then you Personalise the expenditure by not involving the citizenry or rather not listening to the citizenry, then you insist is was the countries debt and use the country as a bait to seek help from other countries to have the Personalised debt repaid, then Lusambo licks your boot and calls you the great leader!!!!!!!

  • comment-avatar
    Pgindu 2 weeks ago

    Kukongola kwabula plan. Borrowing for a good reason or a bad one you must remember the pay day. Bambi balebepesha ama roads kanshi shamuli tuma. 

  • comment-avatar

    Saying is that a begger has no choice.Its desperation so to say.You can even sell your country!Thats what Kaloba is….

  • comment-avatar
    THE PRINCE 2 weeks ago

    Very embarrassing. The man truly has no vision. he has failed.

  • comment-avatar

    It is like making pregnant a rich man’s daughter and then going to ask for money from your uncle for damages. Ala, you were enjoying alone on top of that lady. So, how does your uncle come in? Ubu ebuwelewele!

  • comment-avatar
    Kasio 2 weeks ago

    Sivintu,ndeloleshafye.

  • comment-avatar
    sipinya sa ng'aka 2 weeks ago

    And another area to co-operate on is suppressing the opposition!

  • comment-avatar

    Chikonko mwikate come 2021 it will be 9/1sp.

  • comment-avatar
    Mumbi 2 weeks ago

    Uyu Chicolour takwata nensoni