Saturday, April 13, 2024

Tag Archives: NEEF

National

PAC rejects Pro-DPP NEEF officers’ push to write off K9 billion loan

Public Accounts Committee (PAC) of Parliament has rejected National Economic Empowerment Fund (Neef) request to write off K9 billion in bad loans extended between 2012 and 2014. NEEF wants the loan to be written off because the borrowers, mostly politically- linked persons, cannot be traced. Neef acting chief executive officer Humphrey Mdyetseni told the Public Accounts Committee of Parliament (PAC)...