Zambia’s debt ridden government adds $1.5 billion debt to buy Glencore copper mine
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Zambia’s debt ridden government adds $1.5 billion debt to buy Glencore copper mine

Zambia’s state mining agency has agreed to purchase Glencore’s majority stake in Mopani Copper Mines for $1.5 billion, belying the government’s perilous financial situation that has seen the Southern African nation become the first pandemic-era sovereign debt default in the continent last year. In announcing the deal, the government said the move was a result…

Nigeria asks African Union for 10 million COVID-19 vaccine doses
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Nigeria asks African Union for 10 million COVID-19 vaccine doses

Africa’s largest economy has written a formal request to the African Union (AU) calling for the body to grant it 10 million COVID-19 vaccine doses to supplement the COVAX programme and has allocated $26 million for licensed vaccine production, the country’s health minister announced on Monday. Nigeria is grappling with a second wave of novel…