BANKERS Association of Zambia (BAZ) Chief Executive Officer Leonard Mwanza says government’s move to reduce borrowing from the domestic market will enable it to earn more taxes from the private sector. And Mwanza says Zambia’s real economy will benefit from having more liquidity in the domestic market. Last week Thursday, President Hakainde Hichilema reiterated government’s plans to reduce borrowing from the domestic market even further after already cutting down borrowing in 2023 to K16 billion from K24 billion in 2022. In an interview, Friday, Mwanza said the stance taken by the government will have a positive spillover effect on the private sector. “The intention is that if you are not borrowing as the government, the economy will remain with some...

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