By SILUMESI MALUMOGOVERNMENT has refuted media reports that it is about to acquire a US$300, 000 million loan from a lender in East Africa.Minister of Finance Bwalya Ng’andu said yesterday the reports were not factual because Government had no intentions of acquiring a loan of that amount.Dr Ng’andu said it was unfortunate that some individual had taken a route of peddling lies to mislead the nation.The minister said the reports which were being circulated were not true and must be treated as such by the public.“I have difficulties to respond to rumours especially that their origin is social media. As you are aware social media is a difficult source of information.Meanwhile, Dr Ng’andu said the sinking fund would be used in paying off the debt.“We have taken three, four, five prong in addressing this issue of dealing with debt management and the sinking fund remain one biggest item of that process.The whole debt restructuring process […]
There’s no US$300, 000m East loan, says Dr Ng’andu
