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Mikalile Trading Company named in an audit involving a $402m contract whose interest was overpriced by $60m

Summary by The Zambian Observer
AUDIT REPORT SHOWS ONE SUPPLIER WAS GIVEN $70M FOR SUPPLYING UNIFORMS VALUED AT $4.5M TO MINISTRY OF HOME AFFAIRS An audit of the country’s external debt has revealed significant financial discrepancies and irregularities that include conflicting figures, overpricing and weaknesses in the contraction of debt.The audit is for the financial years ended 31st December 2006 […]
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The Zambian Observer broke the news in Zambia on Wednesday, April 24, 2024.
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