According to official government reports, the Ministry of Tourism was cited for failing to collect K5 million following the initiation of the Tourism Development Credit Facility (TDCF), which commenced in 2003 with an allocation of K20 million. Further details revealed that the ministry failed to register with the Ministry of Lands after most of the borrowers used land as collateral. “In a letter dated 15th December 2025, the ministry of Justice advised that the loas advanced to the borrowers where effectively mortgages in that landed property was used as collateral and thus the said mortgages should have been registered with...
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