Advertisement Banner
Wednesday, July 9, 2025
Advertisement Banner
Home Blog Page 5552

UNZA to affiliate colleges upon assurance of quality education

2

University of Zambia (UNZA) Vice Chancellor, Professor Stephen Simukanga says it will only affiliate colleges to the higher institution of learning upon being satisfied of provision of quality education.

Professor Simukanga says the demand by private colleges to affiliate themselves to
the higher institution has posed a critical issue of assurance and monitoring for
the provision of quality education in the country.

Officiating at the 13th George Benson Christian College in Kalomo yesterday,
Professor Simukanga said UNZA would only affliate such colleges if it is confident
that such shall assure high academic and professional standards.

Professor Simukanga said the university would be very cautious in affiliating such
institutions in order to attend to challenges, demands and expectations of affiliate
colleges.

Speaking earlier at the same function, College Principal , Fist Chona appealed to
UNZA to constantly hold joint collaborative meetings with the institution’s
administration to enable it become more responsive and be aware of UNZA’s
expectations.

George Benson is the only private college affiliated to UNZA and is offering
teacher education training and 42 graduands graduaated this year.

No evidence against Regina Chiluba – Witness

0

THE Lusaka Magistrates Court yesterday heard that there is allegedly no evidence suggesting that former President Frederick Chiluba’s wife, Regina, received stolen State funds in her personal account.

Standing witness, Bank of Zambia manager for security, Moola Nayoto, told Principal Resident Magistrate, Charles Kafunda, that he did not have any evidence showing that Regina received stolen money through her personal account.

Mr Nayoto said although Regina’s account was active, he could not state that some of the money received was stolen.

This is in the case in which Regina is charged with six counts of failing to account for property believed to have been stolen or obtained unlawfully.

In the first count, she is alleged to have, between January 1997 and September 30, 2002, in Ndola, failed to account for possession of property on stand number NDO/14 purchased at US$80,000.

In the second count she faces a charge of failing to account for stand number KIT/643 bought at US$48,000 cash, using money suspected to have been stolen or unlawfully obtained.

In the third count, she faces a charge of failing to account for stand number KIT/645 purchased at US$60,000 cash.

In the fourth count, she is alleged to have failed to account for a motor vehicle, an Isuzu KB registration number AAT 2603 suspected to have been stolen or unlawfully obtained.

In the fifth count, she is alleged to have received from Dr Chiluba, a 61-inch Toshiba colour television set, serial number 69140018 model number PJ 98 B with knowledge that the same had been stolen.

In the sixth count, she faces a charge of failing to account for possession of K474 million cash suspected to have been stolen.

Mr Nayoto, who was being cross-examined by defence lawyer Robert Simeza, told the court that Regina did not personally own Lilo Investment Limited on stand number NDO 14 on President Avenue in Ndola.

He told the court that the title deed was in the company’s name and not Regina even if she was a director and shareholder in the same company.

Mr Nayoto said his investigations revealed that Lilo Investment bought the property from ADDO House through Barclays Bank.

He told the court that he was satisfied with the transactions of the property by the bank.

“I am aware of her involvement in Lilo Investment under which there was also Mimi’s Boutique and Beauty Parlour,” Mr Nayoto said.

He told the court that Regina had catering contracts with the Bank of Zambia, Zamtel, Zampost, Indeni, Contract Haulage and TAZAMA Pipeline, among other companies.

Mr Nayoto said several deposit slips revealed that Lilo Investment received payments for the catering services it offered to such companies.

“When I was investigating, I did not go to Contract Haulage because it was closed at the time. For TAZAMA, I did not go there because it was not in the period we were looking at,” he said.

Mr Nayoto said he had no idea how much Regina earned from TAZAMA Pipeline between 1994 and 1999 when she had the contract.

He told the court that Regina was free to use the money she earned from the services she offered in any way she wanted.

Mr Nayoto also told the court that he was aware of numerous importations of goods Regina made for her boutique and salon.

He, however, said he did not know how much turnover she was making from the boutique and salon because he had no records at the time of his investigations.

Mr Nayoto, however, told the court that he was not satisfied that the money Regina used to buy her properties came from her businesses because there were no financial statements to support the transactions.

He said he was only able to get one statement for 2000 without a list of buildings and that Regina told him that she only engaged the auditors for that year.

Mr Nayoto told the court that he wanted the financial statements for the entire years that Lilo Investment Limited was in business.

On the allegation that National Democratic Focus (NDF) president Ben Mwila gave Regina a loan to buy one of her properties, Mr Nayoto said to date he had never spoken to Mr Mwila to verify the claim.Trial Continues.

Mwanawasa Happy with Mining Industry.

1

President Levy Mwanawasa says he is happy that his administration has revamped the mining industry which had collapsed during the previous Government.

Dr Mwanawasa however said government still faces challenges to fully revamp the
mining sector so that it contributes to improved economy of the country.

Dr Mwanawasa said this in a speech read for him by Vice President Rupiah Banda
during the Ground Breaking ceremony of Mulianshi open pit copper mine in Luanshya
today.

The President revealed that  his government has so far paid 33 Million us dollars to
former mine workers who were retrenched during privatization by the previous
government.

He added that a lot of jobs have been created for following revamping of old mines
and opening up of new ones on the copperbelt and in North-western provinces.

However Dr Mwanawasa said the government still has a lot of challenges to satisfy
the demands of the mining sector and citizen.

He said apart from more jobs to be created the sector needs to empower Citizens of
Luanshya and Zambia at large economically.

The President thanked Luanshya Copper mine PLC for empowering former Miners by
leasing out the stone crusher to them which they are using to crush stones for
commercial sale to the mine and general public.

Dr Mwanawasa vowed that his government will always encourage a risk-free investment
policy and legal frame work that allows exploitation of Zambia’s mineral resources.

Speaking earlier, Mines and Minerals Minister Dr Kalombo Mwansa said the copperbelt
province has become an attraction of investment due to increased mining activities.

Dr Mwansa attributed the resurgence of the mining sector to good government
policies, increased market prices of minerals and discoveries of more minerals
through prospecting of other mine areas.

Circulate NCC copies, Councils told

0

Tourism and Environment Minister Michael Kaingu has requested councils to secure copies of the National Constitution Conference (NCC) Act for circulation to all councillors and management for them to fully understand its contents.

The Minister said this at the installation ceremoney of Lukulu District Council
Chairman and his deputy last Tuesday.

Mr. Kaingu urged the council to send a suitable councillor to represent Lukulu
council on matters of local government to be enshrined in the constitution.

And Mr. Kaingu has called on local authorities to impose penalties on citizens who
perpetrate acts of uncleanliness in communities and towns.

He urged Lukulu District Council to speahead the implementation of Keep Zambia Clean
and Healthy programme in order to promote general cleanliness and protection of the
environment.

The minister, who also paid a courtesy call on the District Commissioner, Edwin
Kasempa, promised that government will soon send relief food to Lukulu East and West
constituencies and that people should not panic as there was plenty of maize stocks
in the country.

FIFA organises sports reporting course for African journalists

6

The World Football governing body, FIFA, is organizing a series of courses for sports journalists in Africa including Zambia in the run-up to the 2010 World Cup in South Africa.

FIFA Chief Media Officer, Alain Leiblang, said here that the courses were meant to
sharpen the skills of African sports journalists in readiness for coverage of the
2010 World Cup finals in South Africa.

Leiblang said the designing of the training module for the football courses were at
an advanced stage.

Leiblang was addressing delegates attending the second World Congress of News Agencies.

Briefing senior news agency officials on the topic “Access rights and coverage of
major events: World Cup” he said FIFA accords news agencies priority in its events.

“We´re aware that due to expenses involved, not all newspapers, radio and television
stations in the world go to the world cup. These depend on news agencies to cover
the events for them It is against this background that we give agencies priority in
our programmes,” he said.

The FIFA official bemourned the growing trend in which the media were being restricted
from having access to football players on business grounds.

“As I talk to you now, you cannot have access to Zidane (French Footballer) because
he has signed exclusive contracts with a Television Station which prevents him from
being interviewed by any other media house. This is a sad situation of news freedom
versus business freedom,” he said.

FIFA, which has 215 million registered football players world wide, has been
organising world cup tournaments since the first championship held in Uruguay in
1913.

Two weeks ago, Leiblang led a team of journalists to inspect progress being made by
South Africa in preparing the facilities.

“Preparations are on track,” he told the delegates.

35-year-old man of Milenge axed to death

2

A 35-year-old man has been axed to death in senior Chief Milambo’s area in Milenge district.

Itemba MMD ward councilor, Songwe Yankonde, has cofirmed the incident to ZANIS
saying police have since arested a 26 year old man help with investigations.

He said the two picked up a quarrel following a drinking spree at a local Kachasu
drink place in Chintu’s village on Tuesday.

He said the deceased was axed twice in the head while he was asleep and died on the
way to Mansa general hospital.

Meanwhile, Mr. Yankonde has said incresed Kachasu brewing and absence of a police
post in the area have triggered an upswing in lawlessness in the area.

Mr. Yankonde has since appealed to the Zambia Police service to consider opening up
a police post in the area to quell crime.

‘No further amendments to NCC Act’, Govt maintains

13

Government says it will not subject the National Constitutional Conference Act to further amendments because the Act, in its present form, has the support of majority stakeholders in the Constitution review process.

Acting Chief Government Spokesperson, George Mpombo, told ZANIS in a statement that
there is no basis for delaying the implementation of the NCC Act, on the basis of
allowing wishes of a few stakeholders to prevail over the majority.

“I stand by my statement yesterday that there is no basis for delaying the
implementation of the NCC Act. Those who had objections to certain provisions of the
NCC Act had enough time and opportunities to say so before enactment,” added the
statement.

He said government accommodated many amendments to the NCC Bill before enactment,
adding that no more delay in the implementation of the Act would be allowed on the
basis of amendments.

Mr. Mpombo said the swift enactment of the NCC Act in Parliament is clear testimony
that the Act has the support of majority stakeholders.

“Further the Act has the support of the majority of stakeholders from Political
parties, trade unions, churches, professional bodies and civil societies. Its easy
passage in Parliament demonstrated the wide support it enjoyed from the parties
represented in the House,” read part of the statement.

Mr. Mpombo was reacting to a statement by the Zambia Episcopal Conference, ZEC, that
Parliament could suspend Standing Orders to allow for further amendments to the NCC
Act.

He said National Assembly Standing Order Number 104 does not allow any Bill of same
substance to be reintroduced to the same session of Parliament.

“When a bill has been passed or rejected, no bill of the same substance shall be
introduced again during the same session,” read the statement in part.

Happy Independence Day

22

Happy independence Day to all Zambians! To some of you that statement is meaningless, after all, you feel like economic refugees in the countries you are now abiding. Your Zambian passport affords you stringent airport security checks, lots of hassles getting visas to visit certain countires and not forgeting the numerous medical tests you have to be subjected to like HIV/Aid tests, Tb tests etc.

On the bright side Zambia  is the country you call home. Its the place with fond childhood memories. Its that peaceful country we were blessed to be born in. Yes if you were born in some place like Sudan or Liberia, war would have been a prominent word in your vocabulary.

So on this Independence Day we salute our forefathers for freeing us from colonial powers 43 years ago. Even as we enjoy and get prosperous in the diaspora lets not forget our motherland.Support whatever good cause  your heavy wallets can afford, like schools and hospitals.

Shall we rise and sing the Zambian National Anthem!

1.Stand and sing of Zambia, proud and free

Land of work and joy in unity

Victors in the struggle for their right

We have won freedom’s fight

All one, strong and free

2.Africa is our own motherland

Fashioned and blessed by God’s good hand

Let us all her people join as one

Brothers under the sun

All one, strong and free

3.One Land and one nation is our cry

Dignity and peace beneath Zambia’s sky

Like our noble eagle in its flight

Zambia, praise to thee

All one strong and free

Chorus

Praise be to God

Praise be, praise be, praise be

Bless our great nation

Zambia, Zambia, Zambia

Free men we stand

Under the flag of our land

Zambia, praise to thee

All one strong and free

Levy calls for private sector participation in development of sports infrastructure

5

President Mwanawasa has advised the private individuals to consider investing in the development of sports stadia in the country.

Dr. Mwanawasa said the private sector is a significant partner in the development of
sport, hence the need for the active participation in the development and
maintenance of sports infrastructure.

He said this in his 43rd Independence message to the nation delivered on ZNBC
Television this evening.

“In some developed countries, sports stadia are owned by private individuals and
they generate their income from the use of those facilities, I wish to urge those
Zambian, who have the means, to consider investing in sports infrastructure as
business activity,” he advised.

President Mwanawasa said government would remain committed at supporting all sports
and developing infrastructure in all parts of the country in the interest of
developinfg sports in the country.

He said apart from being a unifying factor, sports could be used as a lucrative
business that could contribute to national economic development.

“My government, with the support of cooperating partners, has embarked on a
comprehensive programme to provide sports infrastructure in various parts of the
country in order to furtherdevelop sport. Apart from being a unifying factor, sport
can at the same time be a lucrative business that empowers citizens economically,”
he added.

HH prods the media to be issue-based

2

United Party for National Development (UPND) president Hakainde Hichilema has called on the media in Zambia to be issue-based in their reporting.

Mr. Hichilema says it is regrettable that the media has sometimes not highlighted
pertinent issues and has instead concentrated on personalities.   

He said this scenario has denied some quarters of society accurate information on
which sound decision could have been made about national development and governance.

Mr. Hichilema said journalists should conduct themselves professionally and should
not be cowed to conduct themselves in a biased manner.

He pointed out that as the nation commemorates 43 years of political independence,
many freedom fighters who should have been highlighted by the media for their
sacrifice have been relegated into oblivion.

Mr. Hichilema said celebrating independence is less meaningful when people are in
the dark about the significance of the day.

He was speaking in Lusaka today when he donated 50 x 25kgs of mealie-meal worth K2
million to Mazyopa residents whose houses were recently demolished by the Lusaka
City Council.

The opposition leader also visited a funeral house of one of the bereaved family in
Mazyopa..

Levy pledges more focus on achieving national economic independence

37

Go to fullsize imagePresident Mwanawasa says government will remain focused at implementing policies aimed at boosting further growth in the country’s economy.

President Mwanawasa said government’s determination to implementing policies for economic growth is based on the need to enable Zambia achieve economic independence and improve the overall living standards for the people.

Dr. Mwanawasa said this in his independence message to the nation delivered on the
Zambia National Broadcasting Corporation, ZNBC, Television on the eve of the 43rd
Independence Day celebrations.

“We have sustained political independence for the last 43 years and we must continue
to do so. It is now time to docus on a level of eceonomic independence that will
benefit all the citizens for the betterment of theirs lives,” President Mwanawasa
said.

This year’s independence day is being commemorated under the theme, ‘Forging a
common future anchored on national pride and sustainable development through
citizen’s participation’.

Dr. Mwanawasa, however, said government has embarked on various economic empowerment
programmes aimed at enhancing people’s participation in national economic
activities.

He cited the enactment of the Citizens Economic Empowerment Act that established the
Economic Empowerment Fund as among practical measures taken to encourage people’s
participation in the production of goods and services.

“In an effort to empower our people to effectively and fully participate in economic
activities, the New Deal Government has enacted the Citizens Economic Empowerment
Act of 2006, ” he said.

“This Act, among other things, has established the Citizens Economic Empowerment
Fund and promotes the economic empowerment of targeted citizens to participate in
the ownership of production of goods and services,” he added.

He said, in view of this government has appointed the Citizens Economic Empowerment
Commission to facilitate the citizens’ effective participation in economic
activities.

Dr. Mwanawasa also said government has posted a number of economic achievements that
include the improvement of the national Growth Domestic Product, GDP, which
currently stands at 5.8 per cent and the reduction in Statutory Reserve Ration from
14 per cent to Eight per cent.

He said the reduction in statutory reserve ratio is expected to translate into
reduced lending rates in commercial banks and increase citizens’ access to capital
for engagement in various economic activities.

The president also observed that prudent fiscal management and economic stability
have helped reduce inflation, which currently stands at 9.3 per cent and increased
investment inflow in the country, that now stands at US$693 million.

“The maintenance of macro economic stability coupled with prudent fiscal management
has led to the reduction of inflation to a single digit of 9.3 per cent as of
September 2007. There has been a significant increase in investment inflows in the
first six months of this year, totalling US $693 million.

Dr. Mwanawasa also indicated that the ongoing exploration for oil and mineral
deposits in northwestern province is evident of increased developments in the mining
sector that are as a result of the prudent economic policies being implemented by
government.

As regards the impending establishment of the Multi Facility Economic Zones, in
Chambishi and Lusaka, President Mwanawasa is confident that more jobs would be
created for the people.

In the area of agriculture, Dr. Mwanawasa said good policies and strategies have
helped achieve improved performance but he, however, acknowleged the challenges of
livestock diseases that continue to threaten development of the sector.

He nevertheless, said government would not relent in efforts of implementing
measures that will ensiure the realisation of the full potential of the agriculture
sector to national economic development.

And Dr. Mwanawasa called upon Zambians to embrace HIV/AIDS sensitisation programmes
in order to help reduce the spread of the virus and create a healthier environment
for economic growth.

He said government is working out deliberate measures to increase access of people
living with HIV to Antiretroviral treatment in an effort to enhance their
contribution to national economic programmes.

He said the HIV/AIDS disease still remains one of the serious challenges affecting
national economic development. He said government was concerned with the rate of
Mother-to-Child Transmission, MTCT, which currently stands at between 30 to 40 per
cent.

In the area of education, President Mwanawasa reiterated government’s commitment to
sustaining the free primary education policy and improve infrstructure in an effort
to achieve high quality education in the country.

He said government intends to build 125 primary school and 88 high schools and 12
new technical high schools in the next five years.

“In addition, my government has continued to expand and refurbish basic schools to
accommodate more pupils. We intend to build 125 primary schools, 88 new high schools
and 12 new technical high schools in the next five year,” he said.

He said priority has also been placed on the recruitment of teachers and provision
of teaching and learning materials in a bis to improve the quality of tuition in
public schools.

Task force on Corruption recovers K116 billion worth of assets

45

The Task force on Corruption has recovered assets worth over K116 billion which were plundered, stolen or unlawfully obtained during the period 1991 to 2001.

Task Force Public Relations Officer Victor Makayi disclosed to ZANIS today that of
the K116 billion recovered, K85 billion worth of assets have been surrendered to the
state for disposal by Cabinet Office.

Mr. Makayi said so far the surrendered property has already been disposed off by
Cabinet Office through two auction sales conducted last year and this year
respectively.

He explained that several motor vehicles, landed and machinery worth over K20
billion has not yet been disposed off.

He however said a third auction sale would soon be conducted at which the property
which is not yet disposed would be sold off.

“There has also been recorded cash and other asset recoveries at home and abroad,
including the 30 Belgium apartments worth over US$8 million. Cash recovered through
Task Force investigations has normally been surrendered to the Ministry of Finance
Asset Recovery Account kept with Bank of Zambia,” he said.

He further said government would soon decide on what should be done with the
proceeds of the Task force successful asset recovery programme.

Mr. Makayi said the Task Force on Corruption was resolved to continue managing its
civil and criminal cases by its Judicial System.

“Delays experienced in dispensing justice is a matter that is being addressed. And
of late the courts have demonstrated concern that justice be delivered on time,” he
said.

Last week, President Levy Mwanawasa said he had asked cabinet office to decide on
whether to continue with it or not, depending on how much money was available.

Dr. Mwanawasa said cabinet would decide whether to disband the Task force on
Corruption and concentrate on the existing law enforcement agencies such as the
Anti-Corruption Commission (ACC).

ZPCT gives K300 m for HIV/AIDS to Chavuma

0

The Zambia Prevention Care and Treatment Partnership, ZPCT, has given Chiyeke Rural Health centre in Chavuma over K300 million for HIVand AIDS programmes.

ZPCT Programmes Officer, Ernest Phiri, said during the launch of voluntary
counselling and testing at the week-end, that the funds would be used to procuring
equipment, training of staff and renovating of structures at the centre.

Mr Phiri said K46 million would be spent on purchasing chemistry and haematology
analysers for the laboratory, to be used in the detection of HIV.

District Commissioner, Frobisher Fulayi, said the funds have been released at the
time when the the district is experiencing an economic boom that has created an
increase in population hence the need for intensified HIV/AIDS prograammes.

Mr Fulayi said the district is faced with a lot of challenges due to its proximity
to the border, adding that the discovery of oil and gas would create a lot of
economic activities.

He said the major frustration the district is facing at the moment in the fight
against HIV/AIDS is the lack of tribal boundaries between Zambia and Angola a
situation that has created a rise in intermarriages in the area.

He reiterated government’s commitment to partner with all stakeholders in the fight
against HIV/AIDS, saying government alone could not afford to reach out to everyone.

Speaking earlier, District Director of Health, Christopher Likando, bemoaned the low
number of people living with HIV/AIDS, currently placed on Antiretroviral treatment.

Mr Likando said out of the expected 120 only 30 people were receiving ARVs and
attributed the low number to lack of VCT facilities in the district as people were
made to travel to Zambezi to access the services.

Maureen tells companies to plough back profits into society

0

First Lady Maureen Mwanawasa has urged various companies in the country to exercise their corporate social responsibility in order to help alleviate poverty among Zambian societies.

Mrs. Mwanawasa says companies have a moral obligation of helping government to
uplift the living standards of people in the country by ploughing back their profits
into the communities where they operate from.

Mrs. Mwanawasa said this at State House today when Self Reliance Encouragement
Charitable Trust donated 30 bails of second hand clothes, 100 bags of hygiene kits
worth of K20 million to the Maureen Mwanawasa Community Initiative (MMCI).

Foam and Furniture Kings also donated 30 mattresses, 50 sponge foams and furniture
valued at K12 million to MMCI.

She said by ploughing back their profits to the communities, Zambian companies would
be contributing to the development of the country.

She further urged investors to take advantage of the prevailing good economic
policies by investing towards the development of the Zambia.

Mrs Mwanawasa said the good micro-economic policies which government has put in
place have created an enabling business environment, adding that this has played an
important role in promoting development in the country.

She also commended Self Reliance Encouragement Charitable Trust, Foam King and Furn
King for donating to the Maureen Mwanawasa Community Initiative (MMCI).

Mrs Mwanawasa said it was pleasing to see many Zambian companies using MMCI as a
conduit of reaching many vulnerable people in society.

At the same function, Self Reliance Encouragement Charitable Trust Member Sharad Oza
said his organisation was committed to partner with government in reducing poverty
free society.

He also observed that if government exploited Zambia’s abundance natural resources,
it would significantly contribute to nation economy.

And Foam King Production Manager Michael Nyagope said his company would remain
determined to contribute to Zambia’s national development agenda and to the improved
standard of living of Zambians.

TOTAL dispute forces Zambia to import 90,000 tonnes emergency crude oil

54

Zambia has asked Russia’s LUKOIL to procure 90,000 tonnes of emergency crude oil supplies worth $65 million to avert imminent fuel shortages, Finance Minister Ng’andu Magande said on Monday.

Magande said the government had contracted the company’s trading arm, Swiss-based LUKOIL International Trading and Supply Company (Litasco), to purchase the oil following a dispute with France’s Total over fuel pricing.

Total stopped importing crude oil for Zambia owing to the dispute, Magande said, adding that the abrupt halt had been part of the cause of severe fuel shortages experienced in the southern African country early this month.

He said Total, which owns half of the Indeni Oil Refinery, with the balance held by government, has been purchasing oil for Zambia since 2002.

Magande said the government had floated an international tender for a permanent supplier of crude oil to Zambia and that bids would close on Nov. 16 while negotiations with a successful bidder would end by Jan. 1 next year.

“What happened was unexpected… in May Total wanted to increase the price of fuel by 25 percent but we (the government) refused. Then they just told us that they (would) no longer buy crude oil for us and we were in a crisis,” he told a news conference.

“As government, we have gone to the Bank of Zambia (BoZ) to buy foreign currency for the import of 90,000 tonnes of oil and it must be here for processing by 10 November 2007,” Magande said, adding the government would pay Litasco directly.

Magande said Litasco would import the fuel on ad hoc status until Zambia found a permanent supplier.

He said the government was treating oil procurement as an ‘urgent’ matter, to avoid harming economic growth.

“If it means stopping (the building of) some clinics somewhere we will do that to make sure that we have oil,” Magande said.

Total officials were not immediately available for comment.

Zambia’s daily fuel consumption includes 1.5 million litres of diesel, which is used mainly in the copper and cobalt mines, and 500,000 tonnes of petrol.

Magande said Zambia’s fuel shortages this month were compounded by the refusal by an American bank to finance its recent purchase of 60,000 tonnes of crude oil because the source of the oil was Iran, which is facing a U.S. financing embargo.

Magande said Zambian President Levy Mwanawasa had intervened to source funds from a local commercial bank, drawing criticism from the opposition and analysts.

“Foreign-owned commercial banks don’t make decisions here and the only way of dealing with the matter was to speak to our local banks. There is no way we could have left the shortages to continue,” Magande said in response to criticism reported by local newspapers.