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Zambia’s False Investor Confidence

[Zambia Reports]Since coming into power in September 2011, the Patriotic Front government has embarked on one of the most ambitious borrowing sprees in recent history, cashing in on its reputation for stability and offering investors to own a piece of its copper exports-led growth. But as more and more local governments and state-owned companies issue bonds, some analysts are citing risks of overexposure.

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