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Zambia has delayed receipt of loans totalling $2.6 billion (Sh260 billion) contracted last year to rein in its soaring debt, Finance Minister Margaret Mwanakatwe said on Friday.
Zambia’s external debt at the end of the first quarter of this year had increased to $10.178 billion (Sh102 billion) from $10.05 billion (Sh100 billion) at the end of 2018, Ms Mwanakatwe told business leaders.
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