FINANCE and National Planning Minister Dr Situmbeko Musokotwane says the Development Bank of Zambia was not performing well because people who borrowed money from it have not been paying off the debts. Last Friday, the Bank of Zambia announced that it had with effect from July 21, 2023, taken possession of the Development Bank of Zambia (DBZ) and Betternow Finance Company Limited. The Central Bank said it had determined that DBZ was under capitalised while Betternow Finance Company Limited was insolvent. BoZ’s assistant director for communications stated that despite consistent engagements by the Central Bank, DBZ shareholders and its Board of Directors had been unable to resolve the regulatory capital deficiency of the institution. When contacted for a comment on...