Our Director of World Capital and Technique at FCA Corp, Tom Koch, just lately spoke with the Zambian Minister of Finance and Planning. I’m pleased to share the recording of the dialogue to offer an replace and a few insights on necessary points Zambia has been going through. Right here is Tom’s synopsis and hyperlink to the dialogue:
I just lately had the chance to talk with the Hon. Dr. Situmbeko Musokotwane, the Zambian Minister of Finance and Planning throughout an occasion hosted by the Atlantic Council’s Africa Heart. Zambia defaulted on debt in Oct 2020, and the Minister was in Washington DC for the Worldwide Financial Fund’s Spring Conferences to debate means ahead.
As part of the Africa Heart’s collection of discussions relating to these Spring Conferences, Ambassador Rama YADE, Senior Director of the Africa Heart, led a beautiful and insightful dialogue on:
– How the Russia – Ukraine Battle is impacting Zambia,
– How Zambia is coping with the impacts of COVID,
– How the nation is approaching power independence and equity, particularly out of the UN Local weather Convention.
I additional requested questions on Zambia’s debt restructuring plan and the way the federal government was planning to make the economic system extra conducive to worldwide funding. FCA Corp is the advisor to an Africa-focused non-public fairness fund known as Africap LLC, and one of many fund’s portfolio firms is a Zambian meals processing firm that faces important challenges to progress due to burdensome regulatory and authorized necessities.
The Minister’s optimistic outlook and enthusiasm give hope that the nation can overcome its present challenges and regain its progress trajectory. As Zambia proceeds down that path, the world watches and waits.
The hyperlink to full recording might be discovered right here.
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