Chita Lodge to sell some properties to settle DBZ loanBy KALOBWE BWALYACHITA Lodge limited will have some of its property be sold for failure to settle K18 million it acquired from Development Bank of Zambia ( DBZ) in 2013 for the construction of a resort, purchase of four boats, a bus and furniture and fittings in Samfya District in Luapula province.This came to light during the Public Accounts Committee (PAC) sitting on the accounts of the parastatal bodies and other statutory institutions for the financial year ended 2020 which is cited in the auditor general’s report.The committee has also leant that several companies that got loans from DBZ have failed to service their loans and this has affected the performance of the bankPermanent Secretary Ministry of Finance Danies Chisenda disclosed that the loan was restructured to K48, 802,590 after approval of additional loans in 2017 and had an extended grace period for repayments from February […]
Chita Lodge to sell some properties to settle DBZ loan
