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Friday / March 6.
HomeMarketsIs Govt broke? – Microfins confirms govt is now 2 months in arrears in remitting loan deductions

Is Govt broke? – Microfins confirms govt is now 2 months in arrears in remitting loan deductions

By Justine Phiri The Government has failed to remit loan deduction arrears to Micro Financial Institutions & other registered micro lenders which give loans to government workers. According to information obtained by Zambian Business Times (ZBT) from some of the affected Micro Finance institutions and lenders, the government is currently owing Microfin two months’ arrears for December 2025 and January 2026. “As of now, we are approaching the end of February and the government is yet to make payments of load deduction arrears for December 2025 and January 2026.” One of the affected Microfin contacted who spoke to the Zambian...

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