Financial Analyst, Yusuf Dodia, has urged government to exercise greater caution in accumulating debt and to establish mechanisms that prevent non-strategic investments.
Last week, The Zambia Conference of Catholic bishops launched a campaign that pushes for debt cancellation and fundamental shift in how the country manages its financial obligations.
But speaking in an interview with RCV News in Lusaka, Mr. Dodia emphasized the need for transparency and accountability in government’s financial dealings, warning that unchecked borrowing could jeopardize the country’s economic stability.
“Government needs to be more transparent and accountable in its financial dealings,” said Mr. Dodia.
He further criticized the Industrial Development Corporation’s (IDC) investments in farms and milling companies, describing them as misguided ventures that risk public funds without a clear strategic purpose.
By Elizabeth Mutale
