adminmade public last Thursday said that under Musokotwane, in 2010, tax incentives were irregularly granted to Varun Beverages – an Indian-owned company that promotes and distributes Pepsi in Zambia.
The government cancelled the deal and investigators said Musokotwane was questioned about it.
“Government has no scores to settle but there will be no sanctuary given to those who have committed crimes,” Finance Minister Alexander Chikwanda said on state radio last week. Under the deal, Varun Beverages was granted a deferment of value added tax and excise duty for five years. The company will now have to pay the duties, said Fedson Yamba, secretary to the Treasury. – Reuters.
Online Reporter
- Herald
- June 4, 2026
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Editorial Comment: Victory a triumph of 2nd Republic re-engagement drive
ZIMBABWE has won a non-permanent United Nations Security Council seat for next year and 2028, with 182 voting nations out of 190 endorsing us to fill the one seat assigned…
