Private Sector External Debt Falls by Over US$700 Million as Firms Cut Foreign Borrowing
Zambia’s private sector significantly reduced its exposure to foreign debt in 2025, with external borrowings falling by more than US$700 million, signalling a cautious shift by businesses amid tighter global financing conditions and elevated domestic interest rates. According to the Debt Statistical Bulletin for the third quarter of 2025 released by the Ministry of Finance…