UNZA

INSOLVENT UNZA GRAPPLES WITH K 2.5 BILLION DEBT

THE University of Zambia (UNZA) has been blacklisted by financial institutions from borrowing after being declared insolvent by external auditors for failing to settle a K2.5 billion debt.

UNZA vice-chancellor Luke Mumba also said in an interview that the institution has come up with a three-year financial strategy to liquidate the money it owes individuals and institutions.

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