SECRETARY to the Treasury Felix Nkulukusa says Permanent Secretaries will no longer be allowed to sit on parastatal boards effective January 1, 2022, pending law amendment. And Nkulukusa says government could consider closing the Development Bank of Zambia (DBZ) because it is costing a lot of money, however, it would be difficult to do so as government would not have a financial instrument for economic development. Appearing before the Committee on Parastatal Bodies, Wednesday, Nkulukusa said Permanent Secretaries would therefore delegate a representative to sit on parastatal boards, adding that this was an administrative measure to ensure separation between operations and oversight. “In terms of permanent secretaries sitting on the board, the rules are that I do not sit on...