Soccer governing body in Africa’s copper producer Zambia, Football Association of Zambia (FAZ) is in the market for US$10million through a bond sale. Association of Zambia Secretary General – Adrian Kashala confirmed this in a statement made in Lusaka the capital.
Proceeds of the bond sale will be used to fund operations and support the national soccer teams at various levels. This bond issuance will be done through a special purpose vehicle (SPV).
FAZ has also announced 13 April as its non elective AGM date.