Sunday, November 10, 2024

LAP Green demands $480 million in Zamtel compensation

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LAP Green Network, the Libyan Investment Authority’s international telecommunications arm has challenged the Zambian Government’s action to seize its 75% share in Zamtel.

In the petition filed in the Lusaka High Court today, LAP Green outlines it right to financial compensation for the value of the asset at the time of seizure should the shareholding not be restored to it, which is calculated to be US$480 million.

The Libyan firm is additionally claiming for substantial losses it has suffered as a result of the seizure of the shares.

LAP Green Network disputes the legality of the Zambian Government’s claim that LAP GreenN’s shares were taken for ‘public purpose’.

Wafik Al-Shater, Chairman of LAP Green Network, contends that it is very clear that the seizure of LAP Green’s shareholding in Zamtel by the Zambian Government was illegal and unconstitutional, and to the detriment of both Zamtel and its customers.

Mr Al-Shater in a statement released to the media says in the 18 months that Zamtel was under LAP Green’s management, it increased its total subscriber base by 600% to over one million at the start of 2012 and significantly increased the company’s market share, leading to a 50% increase in revenues.

He adds that the growth and prosperity that Zamtel saw under LAP Green’s management was unprecedented.

He explains that through major improvements and upgrades in systems and infrastructure, including a 100% increase in the number of base stations, LAP Green Network improved network performance and established a far superior service for Zamtel’s customers.

Mr Al Shater says LAP Green took a bankrupt company and developed it into a strong telecommunications provider able to deliver real value to all shareholders, to serve the Zambian people and to contribute directly to the Zambian economy sustainably into the future.

Mr Al-Shater says LAP Green is compelled to take this course of action as dictated by the procedure set out in Zambian law.

He adds that it is sincerely hoped that reason can prevail, and that LAP GreenN can resume making its important contribution to providing telecommunications services to the Zambian people.

Mr Al-Shater however, states that to recover the company’s significant investment in Zamtel, LAP Green will consider any and all legal options available, if necessary, whether in Zambia or in other jurisdictions.

QFM

106 COMMENTS

    • PF are putting what right exactly? The sale of Zamtel was an IMF condition! YEP we are still living with IMF conditions so dont boast about what belongs to zambia

  1. Ba Lusaka Times why aren’t you telling us about the disaster that has happened in Mufulira? 30 miners in critical condition is not a joke.

  2. You ar going to remember RB now that he was great man than ukwa, RB is recognised at the world at large. we are going to see if when ukwa leaves the office if he is going to be recognised, NOT even chibolwa basic to call him and recture there, like what has happened to RB at boston university.

  3. In this day and age could anyone think they could get away with EXPROPRIATION of foreign capital?? Its clear that being new and naive PF and their equally naive “hothead” supporters thought they could do anything. Unfortunately the problem is LAP GREEN has rights as well under international law. They brought in US$257 million they put in additional investments in ZAMTEL and the value of ZAMTEL increased so greenhounds under the euphoria of winning an election thought they were the law in this world!! No one had rights except if you were PF!!! But it’s the TAXPAYER who will pay for this looming CONTIGENT LIABILITY; maybe Sebastian Zulu and company should be surcharged post 2016???

  4. Yaba…..I wonder how strong is the case prepared by donchi kubeba attorneys is. Fortunately, the great lawyer Wynter Kabimba is on the defence team as Chairman of Zamtel Board…kikikiki

  5. Lifasi li melile liito!!!! Awa ki tobone wa kuta! Sa sita ni ku isefela!! Waliambwa!! Kanuke kasambelwa!! If you thought ‘power was sweet, you are in to feel it’. If it is not broken, pliz do not ‘fix it’. More money out of our pockets!!!!!!!

  6. It was just a matter of time. All level headed people knew was coming and caders thought it was ok to grab a company liken that and am sure they don’t think LAP-GREEN deserves their claim. . We should have been strategic in handling Zamtel. The problem with the majority of people in Zambia is that we cannot analyze things beyond NSHIMA and unfortunately even some ministers and any politician will lie to us. WE SEE how it goes………………..

  7. OKAY BALILUFYANYA PAKUTAMPA BUT ON HUMANITARIAN GROUNDS BAPENIKOFYE ISHAKUFOLESHA ABALUSA IMILIMO. ULUSE LUSUMA.

  8. #9 u are too shallow.thnk before u blog,who told u o thoz useles statistics.u ar a shame to ths country.u should defend the interests of ths country moron

  9. #10 uli cisushi $257m on paper,nuts of that sort came to ths country specificaly zamtel.lap green tried their best bt zamtel was acquired fraudlenty & less than $100m has bn pumped in2 the company ,FACT.take heed

  10. Ukwa said Chikwanda is ready to pay anything during the grabbing, so ba LAP green kachepa ako ka $480 million mulefwaya.

    For you and me just remember Chikwanda is NOT paying from his own money, its from the taxes we pay.

  11. #10 uli cisushi $257m on paper,nuts of that sort came to ths country specificaly zamtel.lap green tried their best bt zamtel was acquired fraudlenty & less than $100m has bn pumped in2 the company ,FACT.take heed!

  12. .
    When two elephant have a fight, it’s always the Grass, Insects & Ants that suffer on the ground. The tax payer will surrender up the bills in millions of US dollars in this fight.

    We knew this was coming. The agreement was not with MMD but with sitting government.
    The transaction was injured and Lap Green will have to be compensated for the future forecasts by the government.

    Sata knew this was coming and he appointed Wynter Kabimba to be on the Board of Directors, to run the show and become the spokes person to the public when the case kicks off.

    The irony is that Sata still believes Wynter is a pristine lawyer that can give him sound knowledge on this mater. Well, he is wrong.

    Cont…

  13. .
    This case will prolong and it will cost the tax payer millions of dollars. So far LAP Green has hired 4 London Law Firms to guide them on International Law which Sata completely ignored to listen from. The government has to match with good lawyers and at a cost of the tax payer. This is a reverse of more money in the pocket for the tax payer.

    It’s the manner in which Sata grabbed back this company. He should not have manufactured a Commission of Inquiry to suit his agenda, but rather followed the due process. When all is said and done. PF will loose this case.

  14. No 21 not only will the loose…. they will loose with costs plus loss of future revenue which LP Green is claiming. At the end of the day Zambia will pay at least US$600m

  15. An unlawful contract cannot be enforceable. You need not be a rocket scientist to figure that out. LAP GreeN, please leave us alone!

  16. Just when Ministry of Finance wins off Zamtel from the public purse, Ukwa comes and ask us to continue pumping money……the country will continue to be impoverished as long as we vote with our tribes and not brains

  17. More money out of your pocket.? Kabimba said PF has teething problems… We will soon give them more teeth the only problem is that they won’t know what to chew and what not to.

  18. The only funds LAP Green is going to get is $150m max, if they are lucky, you don’t need 5 pc monitors to determine that….

  19. ” LAP Green demands $480 million in Zamtel compensation ”

    Countersue LAP Green for the $75 million that the MMD *gave to them* after borrowing $77 million from the Chinese government.

    They did not only get ZAMTEL FOR FREE, they received an extra $75 million from the Zambian people for their troubles.

    The entire episode was marked by intransparancy and CORRUPTION. The Zambian government has an EXCELLENT case. They will win outright, and the new ‘Libyan government’ will have to pay expenses.

    As far as I am concerned, they are not the legitimate government of Libya, they came to power through murder, including the murder of their head of state, and they have a horrendous human rights record.

    Let those rats compensate the people of Tawargha first.

  20. No 27 Wishful thinking… First Qunatun went to international court when Dr Congo took their mine. Have you seen what has happened? Dr Congo to pay US$1.8bn

    • The Engineer, get the facts right.
      First Quantum are not being paid by DRC. The figure is $1.25 bn and it’s being paid by ENRC, the company that bought the DRC assets.

      As for more info … there is plenty where this came from … the net!!!

  21. Sebastian Zulu thought he was clever in the sea of ignorant PF blind followers. LAP GreenN has lodged a claim to the High Court that will teach and expose Zulu, Musa Mwenye and Mutembo Nchito as worthless lawyers on such real legal battles involving an international company. Just for the sake of getting positions in Govt this clique of lawyers went on rampage to mis-apply the governance corporate laws that revolve around the management of international companies. It will be interesting to note how this case will unravel a lot of dirt that the PF Govt has been sweeping under the carpet. The livelihood of Zamtel workers is at stake. And the youths anabagwilisa mwala – shala lapa minabuya manjemaje. The 90 days x2 = 180 days no jobs yet.

  22. hahaha No29 the will go to an international court which will pass a judgement against Zambia. The will then start to attach Zambian government assets. Embassy building and property. Ask Zimbabwe. The Zimbabwean embassy in Cape Town South Africa was attached and auctioned after it was attached

  23. # 31 thanx for your insight. anyway i think this will be a good case to test our legal fraternity. This case is about Zambia and not PF. If indeed we lose this case then LAZ, UNZA and all so good lawyers in Zambia will have degraded themselves.

  24. Mr. Engeneer I do not agree with your “ideas”…….no one can’t obtain a company fraudulently and get away with it, at least not now. no international court will judge in favour of a corrupt institution against a govt that is genuinely trying to fight corruption. Zimbabwe is considered an illegitimate govt. by the international community, while Congo has different complication; First quantum is so favourable in the eyes of the international community. Please take into consideration the policies of the international community & politics that drive the international courts. In Zambian courts the case is clear.,

  25. No 34 Its not you who decides what is called “fraudulently”. Why did the COI not call LP Green to testify how the bought Zamtel? You are basing your so called “fraudulently” on what Ukwa’s appointed COI has told you.
    Time will tell

  26. First of all, all these defenders of foreign interests, no matter who the foreign interest is, have no clue what they are talking about.

    First of all, LAP Green is not First Quantum.

    Second of all, there are serious doubts about the legitimacy of the present Libyan government itself. They do not even control more than the capital. There is an Al-Qaeda flag flying over official buildings in Tripoli. They murdered their head of state. They massacred the people of Tawargha for being Black.

    Thirdly, the seizure of Zimbabwean property in South Africa has been reversed. You are talking about those losers from Afriforum, a group of BOERS. That is who you are defending.

    So don’t tell me that the Zambian government will lose when you do not have the facts of the case.

  27. Good night blogers.good night Alaa Bee Kwendo Munjila-safe flight tomorow,good night VJ-hope to read your book,good night UKWA -enjoy your stay in Bots,good night LT

  28. You were referring to this:

    Zimbabwean farmers win legal battle in North Gauteng High Court (June 7, 2011)

    ” The ruling is of historic significance. For probably the first time in international legal history, a court has ruled that the assets of a country guilty of human rights violations must be sold at public auction, Spies said. ”

    However, the Zimbabwean government can appeal to the High Court:

    Zim can fight farmers ruling (The Citizen Online)
    15 September 2011 | ILSE DE LANGE

    Judge Roger Claassen, who earlier refused the Zimbabwe government’s application to set aside three rulings in favour of the farmers, yesterday granted that government leave to appeal to the Supreme Court of Appeal against his ruling.

  29. (Continued…)

    Although a costs order of less than R200 000 was at stake, Judge Claassen said the case was important as it involved various issues regarding international relations.

    *****

    This is a unique case, and therefore there is no precedent, and there is no telling what their High Court is going to find.

  30. No 39.

    The reality is that the Zimbabwean embassy in Cape Town does not exist. Its been sold. You can go check for yourself. Thats case has nothing to do with it. It was auctioned and sold for none payments of various bills including council rates and taxes.

  31. I agree that most of us are commenting on the subject without proper understanding of what the real issue is all about. To me the issue is about frauding the tender procedure which understandably took place without knowledge of Lap Green. Had Lap Green known about the over all tender procedure and associated bench marks, I am pretty certain they would have wanted to get things done properly. Now that they realize that a mistake was made, they would like to recover their investment and some of the projected revenue. There is nothing wrong with Lap Green taking the matter to the court for mediation. What we all have to do is be patient for whatever outcome will come out of it. I am certain a lesson will be learnt by most us regarding what to do and not do in future.

  32. According to audited reports of 2009 Zamtel assets were valued at $ 81M. RP capital values it at $ 38 M the same year. LAP green takes over Zamtel with $ 64M in the account. LAP Green is given the ZESCO optic fibre cable worth $ 20M for free

  33. Zambia ina serikali ya wezi,majangili na wajinga wasio na elimu ya kutosha serikalini na ni watu ambao hawana fahamu ya utawala,sheria na makubaliano ya kimataifa.Huyu mjinga Sata anafikiri kwamba siasa zake zitaamua mambo ya biashara ya kimataifa.Mavi ya kuku yeye na zambia ikipoteza ndiye atalipa.Pumbavu.

  34. .
    When you have been found ready-handed to have committed a crime, the police will take you to court and go through all the due process, give you the chance to quantify why you did what you did. Thus, they will even accord you a lawyer even when the evidence is all over your face or on CCTV recordings

    LAP Green has challenged the Government to the High Court and we know that this will end up in International Courts.

    Like wise. Sata should have taken LAP Green to court and scrutinise what transpired during the buying of the company. That way he would have exposed every tine evidence. But hey !! , he ignored all the norm and due process

    Cont..

  35. .
    Instead he appointed Sebastian Zulu and instructed him what he needed to hear, while he and Wynter Kabimba determined how the company should be run.

    Mugabe did this in Zimbabwe. He grabbed Commercial Farms, Food Processing Companies owned by the commercial farmers and gave all the proceeding to his ZANU_PF Cadres.

    95 %of the farms that Mugabe grabbed have not produced any thing since then. The end result was the collapse of the Agriculture Export Industry and forex earner for Zimbabwe. It reached a point where even hotels could not get enough food for tourist and it killed Tourism Industry as well.

    The Zimbabwe symptoms are near out doorsteps….

  36. 47 Independence Observer,

    ” Mugabe did this in Zimbabwe. He grabbed Commercial Farms, Food Processing Companies owned by the commercial farmers and gave all the proceeding to his ZANU_PF Cadres. 95 %of the farms that Mugabe grabbed have not produced any thing since then. ”

    Those are all lies. Zimbabwe’s production has bounced back from 2008, when the *currency* was stabilized. Maize production has more than tripled, and tobacco production has more than septupled.

    Google: biti new farmers doing well maravi

    MAIZE (metric tonnes)
    2008 400,000
    2011 1,500,000

    TOBACCO (kg)
    2008 34mn
    2011 174mn

  37. Whilst this case is in the courts, what foreign investor will want to plough their money into Zambia?

  38. And you can let go of the entire ‘elite capture’ lie about landreform in Zimbabwe.

    There are over 350,000 families in total (about 1.5 million people) who benefited from landreform – 159,000 under Willing Buyer, Willing Seller, and over 200,000 families und the Fast Track landreform program. According to Prof. Ian Scoones survey of 400 farms in Masvingo Province, only 3% went to people who could be described as high up in ZANU-PF or the armed forces (‘friends and cronies of Mugabe’).

    Source 1, google: “Agricultural land utilization” fao.org
    Table 2. Agricultural land utilization pattern, 2006/07
    Source 2, Myth 2: The beneficiaries of Zimbabwean land reform have been largely political ‘cronies’
    Google: a new start for Zimbabwe?

  39. And you can let go of the entire ‘elite capture’ lie about landreform in Zimbabwe.

    There are over 350,000 families in total (about 1.5 million people) who benefited from landreform – 159,000 under Willing Buyer, Willing Seller, and over 200,000 families und the Fast Track landreform program. According to Prof. Ian Scoones survey of 400 farms in Masvingo Province, only 3% went to people who could be described as high up in ZANU-PF or the armed forces (‘friends and cronies of Mugabe’).

    Source 1, google:”Agricultural land utilization” fao wfp
    Table 2. Agricultural land utilization pattern, 2006/07
    Source 2, Myth 2: The beneficiaries of Zimbabwean land reform have been largely political ‘cronies’
    Google: a new start for Zimbabwe?

  40. zambians zamtel sale was not transparent,be objective when you blog,we can now sell it to even more competent customers than lap green if you dont want to run it zams.Nationalisation worked for mugabe he beat sanctions and zims are geting more impowered with 51% shares ina all companies.Lets unit againest fraud.

  41. MrK 49

    Zimbabwe last year imported 1 Millions tones of maize costing $250-270m US Dollars.
    This year they will need to import an estimated about 1.2 Millions Tonnes of maize and the country has no money to buy the maize. They will borrow money to buy food for human consumption. Zimbabwe had the same favourable weather conditions to produce maize like Zambia in the last two years that gave us a bumper harvest. But it failed to produce enough maize because the Agriculture Infrastructure is still crimpled

    Cont….

  42. .
    In the last 3 years, Zambia has received 45 among the top Commercial White Farmers from Zimbabwe who are now settling in Mukushi, Mbala, Chipata, Lundazi, Chama and Patauke. Botswana has more that 100 Cattle Farmers from Zimbabwe, Angola is booming with oil and more than 200 white farmers have moved into Angola in the 24 months. The exodus is till happen right now. The thing that has delayed most farmers to leave Zimbabwe was the compensation money from the government. Those that had money just zoomed off straight away

    Cont..

  43. I am not a lawyer but for LAP GREEN to demand that amount they need to tell us the amount that they invested in ZAMTEL. They know that it was fraudulantly sold to them and the best they can ask for is refund of what they paid and any other costs they incurred. They will for sure lose the case because ZAMTEL was undervalued at the time they bought 75%.

  44. .
    I am not sure where you are getting your facts from. Can I advice you to keep an eye on the London Commodities Exchange Markets where you can get up to date info, minute by minute about who is producing and selling commodities on the Global Markets

    As for their currency its trading at ( $1 US Dollar = Z$ 362.000 Zimbabwean Dollar)

  45. Ok any lawyers here my question being do they have a leg to stand on legally. So the company has magically gained value this does not make sense to me. Ba Libyan lairs

  46. MMD is to blame for this mess. You mean there are no Zambians who could have valuated Zamtel? In fact if ZAMTEL was valuated by either the former ZAMTEL workers, workers who were working for ZAMTEL at that time or workers from ZESCO could have done a very good job than the company that did. MMD think there are no capable Zambians to undertake such projects. Shame. No wonder many people think there was a deal. MMD you have to live by that. How can Zambian professionals look at you. This means training engineers in Zambia is a waste of time.

  47. MMD is to blame for this mess. You mean there are no Zambians who could have valuated Zamtel? In fact if ZAMTEL was valuated by either the former ZAMTEL workers, workers who were working for ZAMTEL at that time or workers from ZESCO could have done a very good job than the company that did. MMD think there are no capable Zambians to undertake such projects. Shame. No wonder many people think there was a deal. MMD you have to live by that. How can Zambian professionals look at you.

  48. #66, You are an obvious 90 day pipe dream and clearly lack a basic knowledge of these processes. By the way, has the Lap Green action made you to capitulate so easily without a fight? And MMD cannot be blamed for PF’s action to repossess without thinking of the consequences or even to carry it out in a legally acceptable way, with all those big name lawyers at its disposal Musa Mwenye, Kabimba etc. PF is an “adult” able to make its own decisions and take responsibility for it, ask Guy Scott or Wynter Kabimba.

  49. #62, the legal weakness in your argument is that you have to prove that Lap Green knew that the transaction was fraudulent. Whether there was fraud or not by government (note that I deliberately don’t mention MMD government, as government is government whether PF or MMD or ADD) in that transaction is immaterial. The bottom line is that the Zambian government sold Zamtel and the same Zambian government now “realises” that the transaction was ‘fraudulently” sold by itself and decides to grab it back.

  50. USD480M (K2.5 Trillion at today’s exchange rate) plus loss of business is a steep amount to pay Lap Green. Just prepare to sell the family treasure and compensate Lap Green. You can start with the Challenger presidential aircraft, and then there will be no more silly debates about which president travelled the most.

  51. #51 Developer you can copy then paste that into google translate and you’ll get the message.Having said that,i think the way PF went about repossesing is more reckless and done more for political audience at home than any legally compelling grounds.

    #68 The Equaliser very good point.

  52. Lift Kwendo’s immunity and arrest Sillier Silliest.Also capture the fugitve young Banda

  53. I have read about some ‘intelligent’ people on this forum talking about Lap Green being able to sue Zambia in ‘international courts’. Please let us not mislead ourselves, LG can only sue in a court where the court has jurisdiction over the case. Zambia was able to sue Chiluba in London for example, because the a significant proportion of the transactions and some assets were under UK jurisdiction. LG is a Libyan company owned by Libya Investments Authority, which is in turn domiciled in Libya. I am not sure which other court would have jurisdiction over this case other than the Zambian and Libya courts. You however, have to note that Libya has no functioning judicial system.

    • awe mulinshimbi not bakabwa abalesabaila kwati ni koko ishakwata umutwe.i ve liked the way you have explained the issue keep it up.

  54. When I read at how clever we what to show on our understanding of things, I shudder. Of what benefit is it to you to defend the sale of zamtell.all companies in zambia are sold to foreigners at the expense of zambians.look at south africa, black owns mine even in zambia. Look at botswana,blacks own companies and that is the languange of the people-we want to own and manage this companies. In zed its different,people would rather see chinese or indians or boers own mines,road making companies,zamtel etc.be fair and learn to love yourselves. Rid yourselves of that’s slave mentality

  55. that is what happens when you sell an institution for a song. Now these Libyan fools want to reap more than what they had put in. i am glad Zamtel is in our hands. we will fight them and give them what they deserve. In future no foreigner should be sold more than 50% of shares in any cpompany.Let us stand up to IMF & World bank policies.

  56. Listen and listen very carefully, sometimes you let a fool tell a story just tap wisdom from him. Boston varsity just wants learn foolishness of undemocratic African leaders who want to cling to power.
    When you lose you learn from your mistakes, so them yankees must learn what mistakes stupid African leaders like RB made and thats what he is going to lecture there…the sale of Zamtel, Finance Bank etc…Bakabwa!!!!

    • All top universities have course called African Studies or something like that. Who best to lecture other than Africans themselves?

  57. These Libyans donkeys..The transaction was flawed from inception, marred by corruption and procedural irregularities and designed to cheat the Zambian people of a valuable asset. Mumba Malila will sort them out. 

  58. It seems some people directly benefited from the sale of Zamtel such that they will defend it to the very end….Dont eat and talk at the same time…..

  59. UKWA ALONE (SATA) WILL HAVE TO PAY FOR THIS RUBISH WHEN HE LEAVES OFFICE……HE IS UNREASONABLE……. UKWA WILL SEE….

  60. Just let the law take its course. The contracts signed at time of sale must have stipulated teh law jurisdiction governing the contract especially during disputes like this. Lap Green says they will explore the case in Zambian and foreign jurisdictions. they must know what they are talking about.

    If Zed Govt loses the case, it will be cheaper to give Zamtel back to lap Green than foot the full cost.

    Leave this issue to lawyers. Just get your pop corns out and watch elephants fight.

  61. I am a patriotic Zambian. I want the PF government to lose this case and badly so. I want the Zambia’s credit rating to be downgraded so that they will always with high interest rates. Unless these things happen future leaders will not know that expropriation of property is wrong. Unless Zambia’s launch of the US$500 Million  Euro-bond fails, mad people like Andeleki will continue to deregister political parties.

  62. I am a patriotic Zambian. I want the PF government to lose this case and badly so. I want the Zambia’s credit rating to be downgraded so that they will always borrow on high interest rates. Unless these things happen future leaders will not know that expropriation of property is wrong. Unless Zambia to launch the US$500 Million is fails, mad people like Andeleki will continue to deregister political parties.

  63. 63 INDEPENDENCE OBSERVER,

    ” As for their currency its trading at ( $1 US Dollar = Z$ 362.000 Zimbabwean Dollar) ”

    Again, wrong. The Zimbabwe Dollar/US Dollar exchange rate is: 378.

    Not 362,000. (Source: forexticket)

    73 UMWAUME,

    ” You however, have to note that Libya has no functioning judicial system. ”

    Excellent point. The Libyans don’t even have control over most of their country, which is run by tribal and foreign funded militias. Before the case even gets before a judge, the Libyan government may fall and be replaced by someone else.

  64. @3 THE ENGINEER? & ALL YOU ZAMBIANS SUPPORT THIS ARE VERY FOOLISH. What did you tell us?? Can you as Zambians buy a Company in ARAB LAND??in the manner these fools got Zamtel.  Let them try as they will just lose the case, LET ZAMBIAN LAWERS MAKE FREE CASH OUT OF THEM. LAPGREEN got Zamtel the corrupt way. They are just wasting their time. Read about them, they have issues in all African countries. ZAMTEL IS FOR ZAMBIAN. WE WILL FISH THAT WAFIK AL SHATER?? OUT OF OUR ZAMBIA. RB & DORA will pay them not Zambia.

  65. @ 74 spot on, we are the only country that have such a sheepish attitude; we cannot defend what belongs to us because majority of Zambians are selfish people that don’t thing or respect their fellow citizens. It is High time we woke up, stood up and challenge some of these companies. ZDA, CEEC should empower Zambians so that we can own these companies. A sickening Attitude. 

  66. many people who post their comments on this blog know very little about the issues under discussion. They say, “Silence is golden”. Many who are writing in support of the Libyans are stupid in their thinking and their comments stinks like their mouths. Guys, did you know that communication is a security issue? How can you allow a foreign company to to control the communication in the country? You mean, it was okay for those Arabs to get the upper hand in as far as communication is concerned? Can those Arabs allow Zambians to do business in their country?No matter how much it is going to cost the Zambian government in law suite, I am happy for the action to get back the Zamtel from the Libyans. Those guys didn’t come to help Zambias communication sector but to steal from Zambians.

  67. All Zambians would be expected to robustly defend the take-over of Zamtel. Sadly one only reads about a good many nationals exhibiting weasle mentality, not proud of their nation’s wealth & assets.

  68. LAPGREEN was warned beffore but never listned, grab benefits from RB who enticed you into going a heard into the corrupt arrangement of aquiring our ZamTel. Shame on you.

  69. @Guardian what if we call you donkey and thieves who sell their property and then get back with force. Your cabinet approved the sale and Cabinet represents Government and the people of the country. The MMD was also selected by people of Zambia and they were the representative of the people of Zambia at the time of sale as PF is today. We never knew that we are dealing with thugs.

  70. One of the biggest mistakes people make when buying blood pressure monitors is buying the wrong instrument. That’s why a lot of people get frustrated and annoyed in just a matter of weeks of use.

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