THE sale of Zambia Consolidated Copper Mines’ (ZCCM) remaining mines is expected to effectively end a crisis period in the Zambian economy, Barclays Bank said on Tuesday. According to a bank newsletter, the sale of Nkana and Nchanga mines — previous to the sale they were a key obstacle to donor aid — has now been removed. “Western donors last year suspended lifeblood aid to Zambia for fear that money would be used to prop up the loss-making ZCCM operations,” the newsletter says.
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