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China Cancels Debt for $70 Million Levy Stadium

The Chinese government has announced the cancellation of another debt owed by Zambia totalling $70 million.

Chinese Ambassador to Zambia Li Jie announced the development when he paid a courtesy call on Copperbelt Minister Japhen Mwakalombe at the provincial office in Ndola.

He said the debt is in relation to a loan obtained by Zambia for the construction of the multi-purpose Levy Mwanawasa Stadium in Ndola which cost over $70 million to build.

Levy Mwanawasa Stadium, named after third president Levy Mwanawasa, is used mostly for football matches and has a capacity of 49,800 people.

It is situated on T3 High-way well known as Ndola- Kitwe dual carriageway.

And Ambassador Li has reaffirmed his government’s continued commitment to all infrastructure projects being supported by his country.

 

26 Comments

  1. Chilankalipa

    Thank you but why? Are you sure there is no Ill motive? If there isn’t we are grateful but if there is, cursed be the motive and the people involved.

    Reply
  2. Lee Muchenga

    Is it a genuine cancellation.kaya😠😠😠😠

    Reply
  3. Li Jie

    KCM..Here we come…!!!

    Reply
  4. Chambia

    FFF, find fuck forget.hope it’s genuine China man🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒

    Reply
  5. Richard Chikwanda

    God is good for this national

    Reply
  6. SEE MIN

    Chinese mine now welcome to take over KCM soon !!!

    Reply
  7. SEE MIND

    Chinese mine now welcome to take over KCM soon !!!

    Reply
  8. Joseph malombe

    We thank the Chinese government for councoulation of debts the move is well come but let Zambian government not over load in credits because in the end we will found ourselves in surrendering our country in exchange for debts. Watch out Zambian government.

    Reply
  9. muntungwa

    Here comes China. KCM bye bye.

    Reply
  10. Joshua

    KCM, its gone to chinese.

    Reply
  11. Angoni

    Any debt cancellation to a person or nation is a welcome move therefore, i would like to recommend the Chines Government for the gesture they have done to mother Zambia. Bravo the to the PRC, hoping other Countries can emulate the Chines Goverment to cancell Zambias debt.

    Reply
  12. Michael kahona

    good is good thanks Chine’s people

    Reply
  13. h2k

    Those who left Chinese mines to join giant mines like kcm,lumwana and so on to get good salaries were promissed by Chinese.Wherever you can go in the world we’re coming you can’t run from us !.They are now starting with kcm wapya baisa

    Reply
  14. Boss phase

    Mmmmmm is it genuine 😡 😡 😡

    Reply
  15. puzzled

    yes!yes!yes! this is real friendship i c china chambia partnership working next names of ecl n veep wil b cancled n given chines names like chang lu n huanonge wi

    Reply
  16. Renard Ng'andwe

    Thanks indeed. It incumbent now upon our govt such money which would have been paid to China to tangible development so that we can feel the cushion of such a relief granted to us as Zambians.

    Reply
  17. Concerned

    Because the profits from KCM will be huge!

    Reply
  18. 6ixGold Quotes

    don’t be dumb guys,do u think the chinese can cancel the debts just like that? these guys are after something! watch out! our leaders are so foolish,they only care for themselves and make themselves more and more rich. debts after debts,uhhhh! and…..huh,idk what to say mwandini,katwishi! the chinese are so clever,you’ll see what’s gonna happen next,wait. phew,awe mwandini,it’s so bad to be an african.

    Reply
  19. Kays Mayo

    Why?isn’t in exchange with kcm deao?

    Reply
  20. Percy

    We thank the Chinese government hoping it is not a calculated debt cancellation eyeing KCM.

    Reply
  21. Klem

    KCM sold!!

    Reply
  22. Tag Mvao

    So we didnt even started paying it back? and wala its canceled

    Reply
  23. Iron Man

    We thank the China Government though we know that you need former the Mine which KCM owned in the Copper belt.

    Reply
  24. Chanda

    “Don’t look a gift horse in the mouth ” so goes the English saying, but this horse has rotten teeth..

    Reply
  25. Maston

    2021 UPND IN PF OUT!!! ATASE

    Reply

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