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Reuters reported that Africa’s top copper producing country, Zambia, plans to invest $120 million to update its existing key copper railway.
Reuters reported that Africa’s top copper producing country, Zambia, plans to invest $120 million to update its existing key copper railway.
As quoted in the market news:
Finance Minister Alexander Chikwanda told a media briefing that $120 million of the $750 million Zambia raised through a debut eurobond on Thursday would be spent on the rail line.
Finance Minister Alexander Chikwanda stated:
The matter of investing in Zambia Railways is of top priority and of extreme urgency.