Tue, 04 Oct 2016 09:28:58 +0000 ZAMBIA is losing a lot of money through the externalization of foreign exchange by some companies and individuals and this is the loophole that the Ministry of Finance should seal if Zambians are to benefit from foreign investment, says the Petroleum Transporters Association of Zambia (PTAZ). PTAZ secretary general Benson Tembo said the versatility by the new Minister of Finance Felix Mutati in understanding the operations of both public and private business institutions was what the country needed to curb illicit financial flows robbing the country of millions of Kwacha which could have been channeled to other needy areas. Mr. Tembo said the stakeholder consultations which the ministry had embarked on was a step in the right direction as it will expose certain ills that certain corporates were involved in. The action will rectify the problem, thereby enhancing the revenue collection base and easing Government’s expenditure burdens which have […]
