‘Who is bewitching our technocrats?’
Published On November 9, 2021 » 581 Views» By Times Reporter » HOME SLIDE SHOW, SHOWCASE
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. Hon Kambita

THE Parliamentary Committee on Parastatal Bodies yesterday expressed shock at revelations that the Development Bank of Zambia (DBZ) is sitting on 88 per cent non-performing loans dating back to 2014.
The committee also heard that the Africa Development Bank (AfDB)’s decision to cancel a US$50 million credit facility to DBZ in 2020 compelled DBZ to suspend additional loan disbursements, resulting in the bank failing to generate enough income from interest to finance operations.

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