By KETRA KALUNGA –
THE Zambia Institute of Chartered Accountants (ZICA) says the successful Eurobonds restructuring with a series of sovereign rating announcements and developments in the capital market has made Zambia’s economic landscape the centre of attention globally.
ZICA president Yande Mwenye said the upgrade in Zambia’s long-term issuer rating by Moody’s Ratings Agency and by Fitch Ratings reflected the ongoing progress in restructuring private debt.
Ms Mwenye said during the ZICA 2024 Second Quarter media briefing in Lusaka yesterday that the rating upgrades were essential for attracting investors and accessing capital, which in turn enhanced the potential for Zambia to raise capital on international markets.