MINISTRY of Small and Medium Enterprises Permanent Secretary Subeta Mutelo says the Auditor General’s report that CEEC has failed to recover loans totalling K393.7 million since 2012 is incorrect as the commission has made a lot of recoveries. The latest Auditor General’s report on parastatal bodies and other statutory institutions revealed that despite CEEC recording an increase in its loan disbursements from K331 million in 2022 to K728 million in 2023, Non-Performing Loans (NPLs) remained high at 92-97 percent, with only six percent of loans performing. Further, the report revealed that between October 29, 2012 and December 31, 2023, the Commission disbursed loans totalling K393,752,873, but as at December 31, 2024, no repayments had been made. In an interview, Saturday,...