Archive · 9 Aug 2025

African Lender Weighs Claiming Insurance on Zambia's Debt

African Lender Weighs Claiming Insurance on Zambia's Debt

Imagine Zambia owes a lot of money and can't pay it back, so they're trying to make a new plan with their lenders.

One of these lenders, TDB Group, is owed money and might ask for help from their insurance.

This insurance is with a company called Lloyd's of London.

TDB is worried that including trade finance in debt restructuring might cause trade to dry up, because trade finance is usually left out.

This is because the money is used for important things.

TDB also has money lent to Malawi, which is having the same problem as Zambia.

Sources