MAZIKO Phiri has been re-elected as Zambia Basketball Federation president, taking charge of a new executive committee as the federation grapples with a K26,238 deficit for the financial year ending April 30, 2026. The audited financial statements presented to the ZBF Annual General Meeting reveal a significant reversal from the K23,665 surplus recorded in the previous financial year. The federation generated K41,438 in revenue during the year, a sharp decline from K106,780 in 2025, while other income also dropped dramatically from K2.18 million to K212,300. Operating expenses remained relatively high at K206,530, though national event expenses were substantially reduced to K71,438 compared to more than K2.04 million spent in the previous financial year. The federation’s total assets stood at K82,813,…
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