“RECKLESS CAPITAL SOURCING CAUSED ZAMBIA’S DEBT PROBLEMS”

By Brian Mwale

President HAKAINDE HICHILEMA says reckless sourcing of capital at high interest rates is what has caused the country’s current debt problems which his administration is dismantling.

President HICHILEMA says he is now engaging various stakeholders across the globe to grow the economy and bring lower price capital among other things.

The Head of State says results of his engagements are already bearing fruit.

He says Zambia’s treasury was run down but his administration is now looking at attracting more capital including among Zambians.

Speaking before departure for Belgium at ZAF Lusaka today, President HICHILEMA said his trip into Europe is in search of lower price capital for investments among Zambians.

The Presidential challenger took off at 08:45 hours.

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