TRANSPORT and Logistics Minister Frank Tayali has urged the newly appointed Zambia Airports Corporation Limited Board to attain financial sustainability, saying it doesn’t make economic sense to pay dividends while running on over drafts from Zanaco. Speaking when he unveiled the ZACL Board, Tuesday, Tayali said the Board should ensure that the disposal of assets, including vehicles, should not be undertaken without the express authority of the Secretary to the Treasury. “The disposal of assets, including vehicles, should not be undertaken without the express authority of the Secretary to the Treasury according to the Public Financial Management Act. Occupancy for airport property must be greatly improved and reasonably priced. It doesn’t make economic sense to have buildings that are not...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe