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Thursday, March 28, 2024

Launch Partners

Zambia Electricity Supply Corporation mulls 10-year Sukuk issuance to finance hydroelectricity and renewable energy projects

ZAMBIA: State-owned Zambia Electricity Supply Corporation (ZESCO) will be signing a contract with Islamic financial services provider Mayzuh Consulting, to issue a 10-year Sukuk facility over five tranches, IFN has learned.

The Sukuk will fund the ZESCO’s hydroelectricity and renewable energy projects worth US$27.5 billion.

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