Zampost collects 75 percent of debt
ZAMPOST has managed to collect about 75 percent of the old debt from both the government and private institutions enabling it to clear five-month salary arrears.
This is from the K20 million total debt that various government and private institutions owed Zampost.
And the postal service has managed to clear five-month salary arrears in a space of eight weeks and is targeting to complete the remaining three months by the end of next month.
Postmaster General, Brighton Ngoma said Zampost was stabilising as it has managed to unblock the old debt and in the process improved on liquidity which has anabled the company to pay arrears for its employees.
Mr Ngoma said in an interview that Zampost was a solution and not a problem as is viewed by the public because it has potential to be the ultimate delivery platform for most Government services.
He said revenue has started to go up with the acquiring of new flight in line with its strategic initiatives.
"We are stabilising, we have managed to unblock the old debt and in the process we have improved on liquidity which has allowed us to pay arrears in time to about five months and awaiting to clear two months and current one month," said Mr Ngoma.
He said the Post Offices are community assets that should sweat for the Zambian public and the company was making good progress to gain the status.
Mr Ngoma said all Post Offices in the country are operating effectively apart from those that had closed which were working for a few days in a week.
He added that Zampost has partnered with Interchange to bring back Western Union within the Post Offices, Azuri Technologies to provide solar kits and Zambia National Commercial Bank on Agency Banking within the postal branch network.
He said this would bring back postal traffic within the Post Offices countrywide.
"The Corporation has begun to realign itself with strategic partners with a view to create relevance in the market. The future indeed looks bright," said Mr Ngoma.