By Amb Emmanuel Mwamba
BOZ FAILS TO RAISE TARGET THROUGH GRZ BONDS
The Bank of Zambia offered Bonds by Government for subscription worth K2.6Billion.
The Central Bank has announced the results of the auction for the GRZ Board Tender no. 11/2023/BA held on 24th November 2023.
However, customers only subscribed to the tune of K1.6Billion. There was an under subscription of K1billion.
The purpose of treasury bills and government bonds is to meet the domestic funding of the national budget.
Domestic funding is the budget line mostly comprises taxes and issuance of Treasury Bills and Government Bonds.
The undersubscription constrains government urgent need to meet obligations and operations.
Is Mwamba the government spokesperson now?
And who gives him this information before we even hear from the government spokesperson? Can the state intelligence please work on this matter, we want genuine news or information and not mere propaganda.
I think the problem is that government usually keeps quiet about such news. So someone has to inform the public about bad news, it is usually the opposition that does that.
If Mwamba is breaking the law, Hakainde will get him arrested swiftly. He arrests opponents even when no law has been broken, so what more if a law is broken?