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Procurement continues to be characterised by leakages in government revenue contributing to the country losing US$1,8 billion annually, according to official estimates.
According to Nyemba, there is no law which gives auditors and accountants powers to perform forensic audits on companies and individuals, leaving them open to lawsuits.
TelOne said the value of vandalised network in 2023 stood at US$518 827, while an estimated business loss for the period stood at US$480 950.
THE country's landline telecoms provider, TelOne, says it will be decommissioning some of its copper cable infrastructure to stem rampant vandalism, which cost the firm US$1 million last year. Chief executive officer Lawrence Nkala said under the programme, copper cables would be replaced by technologies, such as optic fibre and wireless access solutions. The firm…
It is no news to anybody that we are experiencing some fundamental economic changes. Many non-executive directors are old enough to have memories, possibly of varying clarity, of going through this before. But others do not, especially the younger executives. Dr Proctor Nyemba The elderly executives can recall interest rates of above 1 percent (last…