Patriotic Front (PF) Media Director Antonio Mwanza has charged that the Bankers Association of Zambia (BAZ) is in a panic mode over the Debt swap program. Reacting to statement issued by BAZ stating that all existing terms and conditions on loans are still in force, Mr Mwanza charged that BAZ is in a panic mode after realizing that they will be running out of their business of exploiting Zambian workers as no one will be getting loans from them at 21 percent interest rate when government is giving at 5 percent. He has since urged civil servants to ignore the statement from BAZ as their only interest is to make money. “First of all people must understand that BAZ are in business and these are the same people who have been giving loans to civil servants at very high interest rates of up to 21 percent,” Mr. Mwanza said. Mr. Mwanza stressed in the final […]
BAZ PANICKING OVER DEBT SWAP BECAUSE THEY’LL BE PUSHED OUT OF BUSINESS- ANTONIO MWANZA.
