INDENI Energy Limited Board Chairperson Watson Lumba has called on government to assist the state-owned company with working capital, stating that doing so would help the country address the current fuel problems. Lumba says government should also help Indeni clear its huge legacy debt, which has distorted the company’s balance sheet, making it unable to borrow money from banks. In an interview, Tuesday, Lumba lamented that if Indeni continued in its current financial state, it would face serious problems, including failing to pay workers’ salaries.
“There is a need to give Indeni capacity through working capital. I’m requesting that the government assists Indeni with working capital. This will help with fuel problems.
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