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[antimatter]

"But we are not told that the debt repayment is set at this percentage and if you fail to pay this percentage, we are going to be in trouble.”

 

[antimatter]

Turning her focus back to Zambia, Dr. Mumbi highlighted yet another problem with the loans—the lack of capacity by the country’s Ministry of Finance to track government spending.

 

[antimatter]

She noted that since President Edgar Lungu came to power, Zambia signed off on to at least US$8B in Chinese projects.

 

[antimatter]

But over US$5B is still to be added to the US$8B total.

 

[antimatter]

Zambia is refusing to acknowledge this, saying that the money has not been disbursed as yet.

 

[Angel Nylon]

Good morning. Good day [emoji257][emoji120][emoji3590]

 

[antimatter]

China, however, said that the money has already been given and more large loans are in the pipeline.

 

[antimatter]

According to Dr. Mumbi, there is great worry over the money collected since the Zambian Finance Ministry does not have the capacity, to police, let alone trace all the spending.

 

[antimatter]

"And because these deals are done in secret, the financial penalty of backing out of these projects are worse than if you actually go through with it to the end,” the host added

 

[antimatter]

In spite of the capacity issues, the talk-show host revealed that Zambia’s President, Edgar Chagwa Lungu, recently visited China and signed another US$30 million loan for the modernization of his country’s Mulungushi International Conference Centre and another US$30 million for the expansion of the electricity supply for the Lusaka East Multi-Facility Economic Zone

 

[myoyambendi]

In spite of the capacity issues, the talk-show host revealed that Zambia’s President, Edgar Chagwa Lungu, recently visited China and signed another US$30 million loan for the modernization of his country’s Mulungushi International Conference Centre and another US$30 million for the expansion of the electricity supply for the Lusaka East Multi-Facility Economic Zone

Duh.....!!

 

[El murjeb]

In spite of the capacity issues, the talk-show host revealed that Zambia’s President, Edgar Chagwa Lungu, recently visited China and signed another US$30 million loan for the modernization of his country’s Mulungushi International Conference Centre and another US$30 million for the expansion of the electricity supply for the Lusaka East Multi-Facility Economic Zone

[emoji849][emoji849]Mwenzako akinyolewa,,,,,,,

 

[El murjeb]

 

[Kgothalo]

.

 

[Shimba ya Buyenze]

 

[Shimba ya Buyenze]

 

[Shimba ya Buyenze]

 

[El murjeb]

View attachment 1766444

[emoji23][emoji23][emoji23]maBro tulindane

 

[Shimba ya Buyenze]

Big sis duties

 

[Shimba ya Buyenze]

[emoji51][emoji51][emoji51]