BANKS TOLD TO CUT LENDING RATES

Teach House says President Edgar Lungu wants banks to lower lending charges and farmers to get their farming inputs on time.
Presidential Spokesperson, Amos Chanda added that the President doesn’t desire any disruption within the basics of the economy and has self perception within the monetary group at the Bank of Zambia.
Mr. Chanda acknowledged the President is also elated with the efficiency of the Zambia Revenue Authority -ZRA – and desires them to manufacture bigger into other avenues of tax series.
He turned into once talking at some stage in a ZNBC Particular interview dubbed “Presidency in Focal point”.
And on Zimbabwe’s opposition leader Tendai Biti, Mr. Chanda acknowledged there is nothing to warrant United States sanctions on Zambia on fable of Mr. Biti.
Mr.  Chanda acknowledged there turned into once no advantage to enable Mr. Biti, who formed an alliance with MDC’s leader Nelson Chamisa to request political asylum in Zambia.
He acknowledged concerns by UNHCR and the US Division of Teach had been untimely, because Mr. Biti is house and has been subjected to a free and elegant trial.