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KALYALYA

Revenue drive under pressure

KALONDE NYATI, Lusaka
THE continued under-subscription of government securities has put considerable pressure on the domestic revenue mobilisation drive, Stanbic Bank says.
Last month, Bank of Zambia governor Denny Kalyalya said non-resident investor holdings of government securities declined to K8 billion from K8.5 billion as demand for bonds fell in the fourth quarter of last year. http://epaper.daily-mail.co.zm/