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 completely happy to share the recording of the dialogue to supply an replace and a few insights on essential 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 Middle. Zambia defaulted on debt in Oct 2020, and the Minister was in Washington DC for the Worldwide Financial Fund’s Spring Conferences to debate method ahead.
As part of the Africa Middle’s sequence of discussions concerning these Spring Conferences, Ambassador Rama YADE, Senior Director of the Africa Middle, led an exquisite and insightful dialogue on:
– How the Russia – Ukraine Struggle is impacting Zambia,
– How Zambia is coping with the impacts of COVID,
– How the nation is approaching vitality 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 personal 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 development 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 development trajectory. As Zambia proceeds down that path, the world watches and waits.
The hyperlink to full recording may be discovered right here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.