“The Depth of My Footprints” by Ng’andu Peter Magande
Notice: Undefined index: catFilterList in /home/zambi/public_html/wp-content/plugins/wp-likes/api.php on line 243
“Perhaps as a way of fixing me, Government ministries and departments, that were customers of ZANACO, were directed to divert their deposits to private commercial banks. As part of liberalisation, government ministers refused to bank their ministry’s public funds with the people’s bank. Some ministries withdrew money held in ZANACO accounts and opened new accounts with private banks. They preferred to deal with private banks where they personally negotiated and got higher interest rates, some of which was deposited into their personal accounts. One minister even drove to the Bank of Zambia with trunks to collect money for his ministry....
