{"id":28304,"date":"2022-08-05T21:07:52","date_gmt":"2022-08-05T21:07:52","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/where-did-the-eurobond-given-to-zambia-railway-go"},"modified":"2022-08-05T21:24:05","modified_gmt":"2022-08-05T21:24:05","slug":"where-did-the-eurobond-given-to-zambia-railway-go","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/where-did-the-eurobond-given-to-zambia-railway-go","title":{"rendered":"Where did the Eurobond given to Zambia railway go?"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zambia. <\/strong><\/span>Where did the Eurobond given to ZR go? MINISTRY of Transport and Logistics Permanent Secretary Fredrick Mwalusaka says the Drug Enforcement Commission (DEC) should take interest in how the Eurobond was used because Zambia\u2019s railway system is not in a state it should be.<\/p>\n<p>Mr Mwalusaka said in an interview yesterday from Tanzania that Zambia\u2019s railway network is not impressive compared to countries like Tanzania, which has modernised its grid.<\/p>\n<p>\u201cIf the Eurobond was purely used for the intended purpose, our rail system could not have been in this state. Let DEC or the ACC (Anti-Corruption Commission) take up the matter and establish where the money went,\u201d he said.<\/p>\n<p>Zambia successfully issued two Eurobonds amounting to US$1.750 billion in total. The country issued its debut 10-year US$750 million international sovereign bond in September 2012. The Eurobond issuance was oversubscribed by more than 15 times.<\/p>\n<p>This led the country to increase the initially planned amount of US$500 million to US$750 million, with the excess funding allocated to additional investment projects<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zambia\">Zambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zambia. Where did the Eurobond given to ZR go? MINISTRY of Transport and Logistics Permanent Secretary Fredrick Mwalusaka says the Drug Enforcement Commission (DEC) should take interest in how the Eurobond was used because Zambia\u2019s railway system is not in a state it should be. Mr Mwalusaka said in an interview yesterday from [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":28303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,235,233],"class_list":["post-28304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Where did the Eurobond given to Zambia railway go? - Zambia<\/title>\n<meta name=\"description\" content=\"Where did the Eurobond given to ZR go? 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