Stock market: bourse beckons Zambia bank parastatal.

Position:BUSINESS BRIEFS - Brief Article
 
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The Zambian government is to list 25% of the state-owned Zanaco Bank on the Lusaka stock exchange, and offer 49% to foreign investors to meet conditions for debt relief. According to Davidson Chilipamushi, permanent secretary for commerce, trade and industry, the move will satisfy some conditions set by the IMF for writing off a debt of nearly $4bn in the...

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