According to the Patents and Companies Registration Agency (PACRA) 2025 Annual Report, the Agency accredited 144 Insolvency Practitioners under the Corporate Insolvency Act No. 9 of 2017. Meanwhile, speaking in an interview with Zambian Business Times (ZBT), Economic Expert Joseph Mtonga said accredited insolvency practitioners are critical to protecting economic value when companies experience financial distress. “Insolvency practitioners are essentially the first responders of the commercial sector,” said Mtonga. He said insolvency should not automatically mean shutting down a struggling company, arguing that skilled practitioners can preserve viable businesses, protect jobs, and maintain relationships between suppliers, lenders, and employees. “When...
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