‘Eurobonds restructuring paying dividends’
Published On August 14, 2024 » 369 Views» By Times Reporter » Business, Stories
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•ZAMBIA Institute of Chartered Accountants (ZICA) president Yande Mwenye (centre) speaking during the 2024 Second Quarter media briefing on various national matters while ZICA Chief Executive Officer Anthony Bwembya (right) and ZICA council member, Mulendo Siame (left) look on in Lusaka yesterday. Picture by HENRY CHUNZA

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.

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