The State has settled its long outstanding rental arrears of K10 million to Nambawan Super Limited (NSL). NSL Chief Executive Officer Mr. Paul Sayer thanked the State, through the Departments of Finance & Treasury for the payment of these outstanding funds. “The continued payment of these arrears is crucial as it enables the Fund to continue reinvesting our Members’ savings so that we can keep generating strong returns for them over the long-term.” He explained that last year, through an agreement with NSL, the State committed to settling the remaining balance of its rental arrears in K10 million monthly installments. “The installments include K5 million for clearing the balance of the arrears previously accrued and K5 million to pay its current rental invoices.” He said however, in 2023, the State only paid K20 million for the January and February installments and has yet to pay the remaining K50 million for March, April, May, June and July. “At present, the total rental arrears owed by the State to the Members of Nambawan Super is K108 million.” “We strongly urge the State to honour its commitment to settle these arrears to avoid further negative impacts on our Members’ returns, many of whom are hard-working public servants that tirelessly support the development of this country.” Any further delays to the agreed payment schedule will force the Fund to consider taking necessary actions to protect its Members’ commercial interests from undue losses.