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President Hichilema vows to recover borrowed funds but allegedly stolen by past govt


President Hakainde Hichilema has vowed to recover all the borrowed money that was looted under the previous regime, and led to Zambia’s huge debt.

Hichilema promised to present a motion to Cabinet, urging his ministers to support its tabling before Parliament, with the goal of finding and recovering the stolen funds.

The President made these remarks in Kapiri Mposhi District of Central Province during the commissioning of the US$650 million Lusaka-Ndola dual carriageway road project.

He vowed to ensure that all the looted borrowed money would be recovered and redirected to crucial developmental areas, such as road construction to foster economic growth.

“People’s money must be brought back so that we can build more roads. This is not a joke. All the stolen money must be recovered,” Hichilema stated.

He noted that his administration had amended flawed laws and that he would diligently track down those who took the money and where it was hidden to ensure its recovery.

Hichilema stated that this process would allow him and the Zambian people to see where their borrowed money went and which projects it funded.

“Why are our roads in poor condition? Where did the money go? My hands are now freer to find this money because the people’s money should not be abused and must be recovered,” he stated.

Hichilema called on Zambians to resist divisive elements and ignore those trying to distract them from ongoing real development.

Read More: Zambia’s external debt rises to $14.3 billion, as govt blames financing of ongoing priority projects

He said that the United Party for National Development (UPND) promised to shift funds from consumption to investment, with the Lusaka-Ndola dual carriageway serving as a prime example.

“The choice is yours: whether you want to return to noise, partying, teargas, market fights, and instability, or to continue in the current environment of peace, no market fights, hard work, and real development,” Hichilema stated.

He vowed that no one would be allowed to reignite market conflicts and that only positive development would be tolerated.

Hichilema promised that once completed, the road would facilitate easier transport for farmers, goods, services, and all road users within and outside the country.

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