Zambia’s risk of default highlights Africa’s debt crisis

KAMPALA, Uganda (AP) — Facing financial difficulties aggravated by the coronavirus pandemic, the southern African nation of Zambia is headed for a default on debt owed to private investors. One of Africa’s largest copper producers, Zambia has been heavily indebted for years but now could get an undesired reputation if a group of investors who hold up to $3 billion of the country’s eurobonds insist on interest payments that have come due. The cash-strapped country is a strong ex