Zambia Plans Copper Railway Line for $120 Million

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.

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