Lusaka — If mounting foreign debt, an anaemic currency and stagnating growth are not  enough, President Edgar Lungu’s move to break up Zambia’s largest copper mining firm threatens an investor exodus and thousands of job losses.

Higher taxes on the mining sector were supposed to help Zambia with its debt problem, but Lungu has taken a hardline approach with international mining companies, accusing them of failing to pay taxes and threatening to expel them from the country.

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