COMMERCE, Trade and Industry Minister Chipoka Mulenga says there’s nothing wrong with the contractor of the Lusaka-Ndola Dual Carriageway borrowing from NAPSA as the authority’s financial portfolio might even grow as a result. Mulenga says the money that Macro Ocean Investment Consortium will borrow for the Lusaka-Ndola Road will capacitate the National Pension Scheme Authority to even have enough revenue and pay pensioners. And Economist Professor Oliver Saasa has argued that pension houses are expected to invest in businesses that would yield interest. But Shiwang’andu PF member of parliament Stephen Kampyongo says the government should seek Parliament’s approval before lending out citizens money. Macro Ocean Investment Consortium which consists of AVIC International Project Engineering Company, Zhenjiang Communications Construction Group Limited...

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