Zambia’s debt: Where did the money go?

FRAUD involving kickback payments and inflated pricing could be at the heart of Zambia’s 200 million US dollar (US$) solar milling project, according to comparative procurement figures obtained by Makanday. The Chinese government provided the US$ 200 million loan to the project recipients – the Zambia Cooperative Federation (ZCF). ZCF then engaged a Chinese firm Shandong Dejian Group Company Limited, to set up the plants across the country. It is unclear how the milling plants worth far less could cost US$ 70,000 each as revealed by contract agreements seen by Makanday, almost three times the price given to Makanday by … Continue reading Zambia’s debt: Where did the money go?