TRANSPARENCY International Zambia (TI-Z) has cautioned the public against labelling the latest Auditor General’s report on Zambia’s external debt stock as a witch-hunt, as though it is targeting specific individuals or companies. TI-Z says while the report has indeed presented findings citing Mikalile Trading Company, this is certainly not the focus of the entire report. In a statement, Thursday, TI-Z Executive Director Maurice Nyambe commended the Auditor General’s Office for finally releasing the audit report, stating that the inflating of interest on loans, coupled by mismanagement of Eurobonds, showed that Zambia had been in debt distress for a long time. “Transparency International Zambia (TI-Z) welcomes the release of the Special Audit Report on External Public Debt of the Republic of...

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