at South African rail and port operator Transnet showed more regional infrastructure was required, adding that international lenders had not previously appreciated Africa's need for infrastructure.
"This is why, of course, when other lenders came on the scene promising infrastructure, those who are affected said, 'Oh, this is exactly what we are looking for'," he said. "But, of course, perhaps they did so in their overzealousness." At the end of 2021, about a third of Zambia's $17.27 billion external debt was held by China, much of it for infrastructure projects. Since then, $2 billion of undisbursed loans have been cancelled, many from Chinese lenders.Reporting by Rachel Savage; Editing by Kirsten Donovan and Ros Russell
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