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Insolvent UNZA grapples with K2.5 billion debt

LINDA NYONDO, Lusaka
THE University of Zambia (UNZA) has been blacklisted by financial institutions from borrowing after being declared insolvent by external auditors for failing to settle a K2.5 billion debt.
UNZA vice-chancellor Luke Mumba also said in an interview that the institution has come up with a three-year financial strategy to liquidate the money it owes individuals and institutions.http://epaper.daily-mail.co.zm/

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