Power and Politics

President Hichilema encourages Amia Capital to expand investments in Zambia


President Hakainde Hichilema has urged Amia Capital, a key Eurobond holder, to continue investing in Zambia and explore additional opportunities as the government works to transform the economy for the betterment of citizens.

During a meeting in London with Alex Garrard of Amia Capital, President Hichilema highlighted the recent positive developments in Zambia’s financial landscape.

He acknowledged Amia Capital’s active participation in the domestic bond market and encouraged them to expand their investments further.

“We urged Amia Capital, who are also active in our domestic bond market, to continue investing in our country and look at other investment opportunities as we work to transform our economy for the better welfare of our people,” President Hichilema stated.

Read More: Hichilema jets out to UK, scheduled to meet Scottish officials, attend conference on Zambia

He noted that last month, Eurobond holders overwhelmingly voted to restructure Zambia’s three Eurobonds, replacing them with two new ones. This move has provided the government with greater fiscal flexibility.

“Once again, our Eurobonds are trading on the international capital market without default status after our credit rating was adjusted upwards following this decision by our Eurobond holders,” Hichilema said.

The President expressed his gratitude to Amia Capital and asked them to convey his thanks to the other bondholders for their support in Zambia’s debt resolution process.

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