By ANTHONY MUKWITAWHEN I read that President Edgar Lungu´s government has decided to reward all government workers with long term cheap loans through the state-owned Public Service Micro Finance Company (PSMFC), I was elated due to a combination of factors.As a diplomat, the Western world I work from is “positively distinguishable” regarding development for one major reason among many factors – cheap long-term financing for companies and citizens.Sometimes the financing here comes at zero-rate as opposed to our financing in local commercial banks in Zambia that tip the scale at between 27 percent and 30 percent, which is not attractive for any individual or Zambian company looking for seed money.This is the reason that inspired me to write this and commend President Lungu and PSMFC chief executive Mubanga Mwiko for coming up with cheaper financing to empower public workers seeking to engage in various projects while they remain youthful and in long term employment.What the […]
EDGAR LUNGU NEEDS LAUDING FOR PROVIDING, CHEAP LONG -TERM FINANCE FOR PUBLIC WORKERS
