BANK of Zambia Governor Dr Denny Kalyalya has justified Zambia National Building Society and Zambia Industrial Commercial Bank’s intention to borrow $35 million, $30 million respectively, saying they intend to invest the money in noble causes. And Dr Kalyalya has noted that there has been external interference in the operations of State Owned Enterprises (SOEs). Speaking when he appeared before Planning and Budgeting Committee, which was considering the 2025 public bodies external borrowing plan, Tuesday, Dr Kalyalya said the two financial institutions wanted to borrow in order to provide affordable housing as well as financing to SMEs. “According to the 2025 public bodies external borrowing plan, external borrowing for public bodies for 2025 is projected at 65 million. The Zambia...