Zambia: Why Banks Have No Appetite for Lending to Local Contractors - Baz

THE Bankers Association of Zambia (BAZ) says the support of commercial banks towards local contractors has declined because the construction sector is now considered a high-risk field.

BAZ chief executive officer Leonard Mwanza says locked-up capital resulting from delayed payments for some companies undertaking public projects has rendered the construction sector a high-risk field for banks.

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More From: Times of Zambia

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