THE Auditor General’s report on Zambia’s external debt stock for the financial years ended December 31, 2006 to 2022 has revealed that on October 27, 2017, the Ministry of Education signed a contract with Mikalile Trading Company worth US$401,838,720 for the supply and installation of school materials and equipment. However, it was observed that the contract was overpriced by US$59,823,026.16. And the report has revealed that the country’s external public debt increased from US$1.019 billion in 2006 to US$14.071 billion in 2022. In addition, the report has revealed that only US$9,500,000 had been deposited into the Sinking Fund as at January 31, 2024, contrary to the Statutory Instrument’s requirement of US$1,263,789,808.92, resulting in government defaulting on amounts totalling US$830,625,000 on...