SECRETARY to the Treasury Felix Nkulukusa says President Hakainde Hichilema will step down from the Industrial Development Corporation (IDC) Board once he gives it strategy, shape and policy direction. Recently, the World Bank recommended removing the President from the IDC Board to mitigate potential conflicts of interest and political interference. Commenting on this in an interview, Nkulukusa said President Hichilema had too many things to do and didn’t need to sit on the board. He added that once the President provides policy direction, he will step down from the board. “The reason the President is on the IDC Board [is] because we were starting this IDC, and we were trying to change it from the normal government operations. The President...

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