Government has with immediate effect dissolved the Energy Regulation Board (ERB) and the Zambia Electricity Supply Corporation (ZESCO) Board for ineficiency and lack of focus.
Energy and Water Development Minister Kenneth Konga has since advised ERB Executive Director Sylvester Hibajane and ZESCO Managing Director Rodney Sisala to report to
the Energy Permanent Secretary for further guidance.
Mr Konga disclosed the dissolution of the two Boards at a press briefing in Lusaka
today.
Mr Konga said Government will soon appoint new Boards using power vested in him to
do so.
The Minister who condemned poor Governance by the two Boards observed that owing to
the looming power deficit and fuel shortages in the country, the National
Developnment Economic indicators shows that Zambia would be affected.
And Mr. Konga has disclosed that Government is pondering on finding another
strategic partner to work with Indeni Petroluem Refinery in Ndola on the Copperbelt
on addressing the fuel situation in the country.
He said at the moment Indeni has four million litres of diesel, 30 days stocks of
Petrol, 26 days jet fuel and 30 days stocks of Kerosine.
The Energy Minister also disclosed that Government through the Office of
Proportional Private Power Investment, OPPI, is working closely to generate and
export surplus power to other countries in the region.
The Minister explained that under the OPPI, Government is investing power at Kafue
lower, Kabompo falls, Itezhi-tezhi to generate sufficient hydro electricity for
Zambia as well as trade with SADC countries in the energy sector.Â
Ba Joze colapsed at interz coz of insomia and has been evacuted to SA. Michael Sata Chilufya was present at Lusaka International Air to see him off. Personal friend and spokesman Kuku was nowhere to be found and we still await his remarks.
Kuku we need your help.
Minister Konga this good.Remember that we have the ACC,DEC,OP and the POLICE and it will be good before you appoint some other board to let this wings move in and clean the messs.Advice you brother Mr Mulongoti
to do the same to the sleeping board at ZNBC.
It is in the face of adversity that reputations are made and broken. Let’s see what Mr. Kaonga is made of. Energy is one of the most important briefs in any government. So far there seems to have been complacency and lack of urgency. Good luck to Mr. Kaonga!
I start by exposing what the board and governance have in common:
The complex role of the board is for strategic direction, ultimately responsible for ensuring the success of the business, management is primarily responsible for giving effect to the strategy as defined by the board
What is Corporate governance?
…the system and process by which organisations are directed, controlled and held accountable..(king report 1994)
…is the glue that holds the organisation together in pursuit of its objectives..(Queens-land government 2003)..
…corporate governance is the way in which an organisation is controlled and governed in order to achieve its objectives(audit office 2000)
With the foregoing, It means both management and board are not fit for purpose, I would have loved a situation where both parties are removed. Management has a duty to collaborate with the Board to ensure success, in this case failure seems to becoming from both sides especially that the CEOs sit on these boards so they must have been participating in the formulation of strategies which to date have not yielded anything despite hefty sitting allowances and salaries.Konga you were in Zesco and worked under Sisala who is nephew to Chuchu,and for that matter Director of Distribution so you know Zesco better, you are very much part of the failure equation, as for Sibajane at ERB he has outlived his usefulness ever since he took over from that dubious chap
#4 You have missed the point. Your definition and description of the board of directors is misplaced. In Zambia’s parastatals board members are MMD party caders most of whom dont even have a G12 certificate. Just a point of correction the CEO or MD is the companys vision bearer. In this case people who should be fired is the top management of Indeni and Zesco. The MD on behalf of management presents the Vision (strategic Plan) to the board for approval. Their job is to provide first leadership, Second checks and balances to protect their investment. In this case the board is not invested in the mentioned companies as a result they are there to fulfil a constitutional formality. So before you give out these theoretical definitions lets understand the applicable enviroment.
#1.Paparrazi wamona efyo dobo icita?You are confusing issues with wazakaza funeral procession.What you saw was actually a procession taking the remains of Wazakaza to City Airport en route to Chama.Mwaice paparazzi you are the people Mulongoti is looking for.Any way when you recover from that dobo you reconnect with reality.Baice imwe stop playing nabena 50 cents , they are life wasters,try to befriend Tiger woods ,David Beckham,Tom Cruise or Laura Ali so that you become better citizens not those finished pieces of 50 cents, tell even you friend Veteran
#5 SAGE read the first sentence of my comment’ strategic direction’, how is company formed, do you management before the board? If you answer this question then you will understand my comment.Dont play with terms you are not quite familiar with.
The start up of a company is by shareholders who appoint the board to direct that vision by putting a capable management who will be soley accounatble to the board then the board to the share holders? Clear
#7 I read your sentence and i quote “The complex role of the board is for strategic direction, ultimately responsible for ensuring the success of the business” This sentence is not applicable to parastatals more especially in Zambia where the board is picked from the pool of party caders who dont even know anything about corporate governance. I reiterated your assumptions and definitions are misplaced.
#5 Sage, you are a man among men. I am so disappointed that the board was the first to go. It was supposed to be management. With the rampant corruption that is existing in Zambia, if Sisala was always increasing the allowances of the board members do u think they cud have wanted to have him out dispite the wrong he was doings? I mean the board itself here. Not at all. Soon or later you cud have heard that the man who invented a simple hydro electric power in Northern province was going to be the Board Chairman. What qualification has he apart from skill? That is how this system works. On the point of management system, the board is an appendage that is there for responsiveness of the system. But the actual organo-gram is drawn with thick pencil from Director General to a sweeper. The board acts as a watch dog which can easily be influenced within these small economies like Zambia’s. There4, condemnation is on the Minister who can’t c the real cause and correct accordingly.
#5 Sage, you are a man among men. I am so disappointed that the board was the first to go. It was supposed to be management. With the rampant corruption that is existing in Zambia, if Sisala was always increasing the allowances of the board members do u think they cud have wanted to have him out dispite the wrong he was doings? I mean the board itself here. Not at all. Soon or later you cud have heard that the man who invented a simple hydro electric power in Northern province was going to be the Board Chairman. What qualification has he apart from skill? That is how this system works. On the point of management system, the board is an appendage that is there for responsiveness of the system. But the actual organo-gram is drawn with thick pencil from Director General to a sweeper. The board acts as a watch dog which can easily be influenced within these small economies like Zambia’s. There4, condemnation is on the Minister who can’t c the real cause and correct accordingly.
#5 SAGE if you are going to run a company whose vision comes from management then you are a total failure and not fit to go into business.Ever heard of a mission statement?Who designs this mission statement? The fact that appointments of management are political appointees does not change the real formation and applications of corporate govt.The real implication of a Board must be to retain full and effective control over the company. Monitor Management in implementing Board changes and strategies.
Both the Board and the CEO of ZESCO are party Cadres. The CEO is not only a party cadre but also a member of the family tree. This makes it difficult for konga a former employee of Zesco to rock the boat. The best he could do was sacrifice the lesse cadres by firing them.
The ERB on the other side, is useless and need to be dissolved and never to be replaced.
The board must accordingly;
i.be simultaneously entrepreneurial and drive the business forward whilst always keeping it under prudent control
ii.be sufficiently knowledgeable about the working of the company
stand back from the day to day management and retain long term view
remain focused on the commercial needs whilst acting responsibility towards employees, company and environment
Ensure the company has adequate systems, of financial and operational control
iii.Be accountable[ensure compliance]
Ensure effective communication between company and its internal and external stakeholders
SAGE when you start your Limited company put in a board with such acumen above, forget about these parastatals the Companies ACt is the same for all business entities whether private or public that is why we need strong corporate governance and best practices
The roles of CEO/MD
1. Managing Director – carries responsibility for the operational performance of the company.
2. Board delegates certain powers to CEO.
3. Have service contract.
4. incremental improvement of long-term strategy & vision of the company.
5. Developing of annual business plans & budgets in support of long-term plans
6. Ensure day to day business are properly.
7. Ensure continuous improvement in the quality and value of the company production and services.
8. Ensure effective Management Team.
9. Formulation and overseeing implementation of major policies.
10. Acting as chief spokesperson of the company
11. Fostering a Corporate Culture which provides ethical practice, integrity & fulfils social responsibility objectives.
12. The performance of CEO should be appraised by Chairperson or subcommittee.
So when you look at these parameters,Konga must have been prudent enough to apply the axe where it matters
Kuku, You are bright my friend. Please outline the responsibilty of the Board, and also the that of the Shareholders assuming the minority sharholders are not member of the Board.
What are the implication in an organistaion where the CEO/Board Chairmnan is the Majority shareholder.
I have to agree with SAGE at 5. Without any details about whether it was operational inefficiency (in which case i would blame management) or failure to give appropriate strategic direction and oversight (Board’s fault). As a lay consumer, my view is that both are probably true. So the debate should be why not management as well, especially in the case of ZESCO.
#15 HK I will sum up the responsibilities of the board in three points but they are 10 cardinal ones I dontwant to become a lecturer, the 3 that will swallow the 10 are
1.Common Law Duties
2.Statutory Rights
3.Fiduciary Duty
The share holders are the owners of capital and their interest is a heavy return on the capital invested that is maximum Profit resulting into heavy dividend.
Your third querry CEO/Chairman this is being discouraged in good corporate governance because it defeats the essence of accountability and transparency.This two tier system is a german idealogy which at one point was quite effective until the 20 th century,like the collapse of one big bank in the UK,was a result of this 2 tier system,Maxwell scandals,Enron etc
A one tier system ensures correct checks and balances,Share holders are not board members they just wait for returns that is why sole responsibility is to appoint an effective board. But dont forget HK there also non exe. B/members
#17 thats your area Kuku, well done.
Now say something about your personal friend Ba Joze state of health in SA.
#18 Iwe Mkulupe that is not my area, my area is to make sure Ndola comes back to life,not ifyo Mutati alesabaila ati we shall have a trade surplus when our manufacturing sectors are dead.I want you Mkulupe to be buying Dunlop tyres,pasa mulopa from superloaf,foam mattresses from vitafoam not from Dubai,Overalls from Bonar Colywn etc,then my area is to make muzulu.
BaJoze he is alright he is studying RUFQUA page 6666 on the economic indicators for 2008 especially on Real GDP forecast, stock of external debt,current account balances,foreign exchange reserves etc so he will be back online at 21hrs.Wilaumfwa ku baice abena Paparrazi,they had double vision see my comment #6
Dr D Maswahu Profile:
Website: Hellesdon Hospital, Norwich
——————————————————————————–
Daniel Maswahu, MBChB
Daniel Maswahu Title:Histopathologist/Cytopathologist
Addenbrooke’s Hospital Cambridge, UK
Daniel has the following academic qualifications:
MBChB, University of Zambia, School of Medicine, 1994
B.Sc, in Human Biology, University of Zambia
Dr. Maswahu’s professional interests are focused around “children dying respiratory”, “pneumocystis carinii dna” and “dying respiratory illnesses”. The majority of Maswahu Daniel publications are affiliated with The University of Zambia-University College London Medical School School, Tuberculosis/HIV Research and Training Project, the JICA Infectious Diseases Project, Department of Pathology and Microbiology, University Teaching Hospital, Lusaka, Zambia.
Address: The Department of Histopathology and Cytology, Box 233 (Cytology) or Box 235 (Histopathology), Addenbrooke’s Hospital, Hills Road, Cambridge CB2 0QQ; UK.
Tel: Cell: 0783 523 8840 Office: 01223 217 163 Fax: 01223 216 980 (Histopathology)
e-mail:
Website: Addenbrooke’s Hospital
Kuku.. Again you are refusing to see what the problem is. If ZESCO and INDENI where private campanies your asumptions would hold water. We are dealing with companies run by political minions who dont even qualify to hold the positions they hold. Firing the boad is just a political ploy to detract us from seriously looking at what the real problem is. If my memory saves me right about 2 months ago there was an article about possible power cuts due to ESKOM SA’s problems. This necesitated the debate on how ZESCO has come from exporting power to importing power. I attributed this to the fact that FTJ milked all the money from ZESCO leaving them with not much capital to make serious capital investment. ZESCO is run from state house just like INDENI and ZAMTEL. The board just site and eat the allowances, they dont run the companies. You have missed the point because you are looking this issue like these are private companies.
This brings us to the same, point politicans ca not run business
#17 All these nice responsibilities of the board and how comapnies work are ok. But in the case of Zambian parastatal companies its a pipe dream. The problem is political in nature. Like i said the board is not invested in these companies. To be chairman all you need to lick LPM’s shoes. Sisala is a cader. If you are really serious about resolving the issues at ZESCO,INDENI and ZAMTEL. You have to privatise these companies. Once you separete politics from these institutions then we can start holding the board accountable. only then would we start looking at the ineficiencies and inetitude of management. But if you have political minions holding high offices what do you expect.
#21 SAGE you rushed to comment without seeing what I was alluding to before making my final conjucture if you read my comment#4 the second part I said with the foregoing……..Sisala was a good manager at CEC but coming to ZESCO he has become ineptitude for reasons best known to himself.These are not Party cadres ,Sisala is a well qualified engineer, so your assumptions were out of order, something is not right in their strategies.Mwansa despite funding MMD he was a performer,that is why I said the best way out was for both management and Board to go.Most of the guys running parastatals today are learned men and women very different from before but its the attitude us Zambians have which has made us appear like liabilities despite our educational backgrounds we tend to put our interest first.Its always good to move with time, cadres if any are very few, if you look at ZNTB the lady there is an MBA but what does she do despite a hefty salary? ZNBS a lday there is a full fledged banker
#22 theonly way to strengthen these parastatals will be a good mix of private public partnership, this is theonly way out, but as to when and how its a motivating factor a leader with vision can not afford to ignore now.Ghana has turned around most of the parastatals and they are making huge profits,Nigeria has done the same,so why cant we learn from other countries,forget about being political appointee, even you SAGE given a chance to run ZESCO you will just be in the same boot as Sisala.Konga cannot appoint a board that will turn around ZESCO,he is just like Sisala but if a Consultancy firm was made to recruit a Board you will the amount of dynamism that will come in Zesco.He should consider involving an independent body to appoint new boards , if he has to prove his salt, Ministers have these powers to do so but because of fear of the unknown they tend to go the same route their predecessors used.We must move with time
Mwaice Kuku, you have impressed me with your analysis for once. Keep it up youngman!!!
#24 The issue here is not qualifications of guys runing ZESCO being ill qualified. The problem is both the board and management dont make strategic decisions.It doesnt matter who you put there for as long as the same conditions prevail you will end up in the same position. You guys are scared of the private sector. You would rather settle for a private/GRZ partnership. Its a wrong mix and it wouldnt work. Just get politics out of these companies and we will be ok. We cant even formulate good energy policies because the first thought is protection for the “cash cows” for politicians.In a real sense a Zambian does not care who generates the power be it ZESCO or KUKU and company. What they care about is having the comodity at a reasonable price. DO you know that ZESCO exports power at a lower price than it sales to citizens? Same with Zambia suger, chilanga cement etc. These companies dont save the interests of the Zambian people. They are there only for politicians to steal from.
Kuku, this is precisely why economists are in love with privatization. The easiest, remote-controled way to eliminate inefficiency and lower costs for everybody. I’m not familiar with INDENI but I have seen some aggregated cost data on ZESCO and it was inevitably evident to me that this crisis was a matter of time.
But you see that even at Railway Services, that half baked privatization is not enough. Now we are going to use HIPC and Global Fund resources to prop up ZESCO’s unrealistic cost structure.
Hi I have seen you have been fighting each other on this topic and much been said. I just add on soup to the souce. We have to differentiate betwween a mission of a company and its objectives.
A mission is goal that a company sets to achieve and it can be changed any time. Examples company missions: 1. PEPSI – Beat Coke 2.HONDA – We will crush, squash, and slaughter Yamaha. 3. NIKE – “Crush Reebok” 4. ZESCO – to provide the nation with power to 99% thru out the year which the management has failed. Objectives of ZESCO: 1. Reduce power shedding every day which Zesco could not attain 2. Export surplus power to neigbouring countries undefined aim for Zesco management aim. 3. Make K4 Billion in 2007 untainable. 5. Create 500 jobs 2007 not interest. Zesco has no vision no dreams for Zambia the management should be fired too. The Board of Directors represents the owners’ interest in perpetuating a successful business, including optimizing long-term financial returns.
ctd… 28 The Board has the responsibility to ensure that in good times, as well as difficult ones, management is capably executing its responsibilities. The Board’s responsibility is to regularly monitor the effectiveness of management policies and decisions including the execution of its strategies.
In addition to fulfilling its obligations for increased stockholder value, the Board has responsibility to GM’s customers, employees, suppliers and to the communities where it operates all of whom are essential to a successful business. All of these responsibilities, however, are founded upon the successful perpetuation of the business.
Indeni and Zesco has failed by far to achieve these aims. We have diesel shortages in the country.
Well put EASY ulekula namano.
#26 Then SAGE I dont know what you want to say go back to your comment#5 and compare with #26 how do reconcile the two.World wide they are no longer interested whether public untilities should be privately or publicly owned but about the right mix of public and private enterprise, that is why marjority of private companies are listed on stock exchange to become PLCs so your illusion to say only private ownership will easy your problems is dellusional.Did you know that CDC is a parastatal? SAGE Chilanga and ZAm sugar are Plcs not pty or PVT and are Chaired by Zambians,and are listed on the Lusaka Stock Exchange,these are well run and efficiently for that matter(right private /public mix),Zambia Breweries is another in question, so that is your home work to do.
#27 does these few hints give you a clew?
Kuku Look at #27s first sentence half baked privatization does not work. You will end up rovoking the license like in the case of RSZ. I dont know who tought Zambian politicians that the role of GRZ is to do business. You can not be a referee and a player at the same time. ZESCO is a multi billion dollar company. It can be sold at about $10B and GRZ can be guaranteed of tax returns of more than $1BN every year. So why donsnt GRZ sale ZESCO? Because it only serves state house not you and me. Do you realise what a country like ZAMBIA can do with $10BN ????. ZESCO has the capacity with visionary management they can be the main main hub for electricity in SADC. Look the mines now. They have exploded, they are making huge profits that why Kuku is agitating for increase in layalty fees. The same can happen to ZESCO. But if you are going to have morons like those at chilanga cement who cant even meet the needs of the local market then we are done.
Let me make it clear
1. Problems at ZESCO,INDENI and ZAMTEL are political in nature. because we have a mix of educated and uneducated managing the firms.
2. Even the educated cant run companies effectivelly because they dont malke strategic decisions if they are lucky they can make tactical decisions.
3 If management of Chilanga and ZAM sugar are inept the board there have the power to fire them. if they dont then we can blame the boards.
4. Being listed on the Lusaka Stock Exchange does not mean a company is well managed. That means you met the listing conditions.
Rule 4.25 of the LuSE Listing Rules & Requirements sets out the requirements of listing. An applicant must satisfy the setout criteria though these are not ultimately cast in stone but at the discretion of the LuSE Board.
1. A subscribed capital (including reserves but excluding minority interests, revaluations of assets that are not supported by a valuation by an independent professional expert acceptable to the Board prepared within the last six months and intangible assets) of at least K250,000,000.
2. Not less than 1,000,000 equity shares in issue
3. A satisfactory profit history for the preceding three financial years
4. 25% of each class of equity shares shall be held by the public, unless otherwise agreed with the Board.
5. The number of public shareholders of listed securities shall be at least 300 for equity shares; 25 for preference shares; and 10 for debentures
6. The minimum initial issue price of securities shall be agreed with the Board
7. Public disclosure of material information likely to affect financial position of the issuer, or necessary to enable investors make informed investment decisions
8. Publication of cautionary announcement whenever in possession of price sensitive information
9. Publication of dividend & particulars of declarations
10. Publication of interim & annual financial statements after first six months of financial year and within 3 months after financial year, respectively
11. Shareholder approval for & publication of any alteration to capital structure and shareholder rights
12. Treat shareholders equally
13. Shareholder approval and publication of any acquisition or disposal of company assets of significant sizes
14. Shareholder approval and publication of any transaction between a listed company and any of its shareholders, directors, advisors or their associates.
15. LuSE approval of all documentation intended for publication or circulation to shareholders.
#32 in retrospect we have gone past privatisation because it has worked negatively against hence the emphasis on the right mix,The example you have given of crying for increased loyalty is one such out come of privatisation.The private hand’s sole interest is to make sure the bottom line is heavy so that Vendata Plc is rewarded heavily(dividend)to build a university in GOA not that you SAGE can have a better life.SAGE long on the London Stock Exchange,JSC or Nesda and see how many Plcs are there, then you will see that privatisation phase is no longer the route but PPP is the way out.Even in the UK who are the pioneers of privatisation in 1979, have changed the way they are doing things,much as the economy is privately owned, there Citizens come first,and this is a normal govt must take irrespective of what goes on,why has IMF/World Bank taken themselves aback against utility companies? Guys read alot dont narrow your horizons
#33 & 34 are irrelevant, we are talking about are the presumptions ‘Hayekian’ and ‘Keynesian’ made to effect a paradigm shift that has occured in the last quarter of the century, countries like Argentina which sold off all their utility /energy companies have seen a rapid impoverishment of their economies, same with bolivia etc, you will do well you and Francis to read on what PPP is
31# kuku Zambia Sugar reached whatwe call in business maturity like Coca cola there is no need of advertisement for sugar it is being consumed in every household in Zambia. Zambian sugar is exported both to neigbouring countries and European union. Just look at the profit they made last business year. Sugar has no other competitors hence no risk as long as continue buying it. What Zambia Sugar need is to deversify start producing environmental friends fuels like ethanol. Send people to Brazil learn about this new technology. Once we open a new refinery in NW Indeni will be a white elephant unless management wake up and start working. How can can the a company be closed so often in a year. Zesco have just failed the President warned them´a few weeks ago to solve the shedding problem.
#28 what you are writing is a repeat of what I wrote above just contribute.
‘mission statement is a term that refers to identifying an organization’s current and future business. It is viewed as the primary objective of the organization’.
Mwaice kwaliba na ‘Firm’s philosphy’ walifishiba if you want to develop a strategy here are the hints:
Mission Statement
Your Firm’s Philosophy
Your Firm’s Goals
Objectives to Achieve Goals
Environmental and Industry Analysis
Information Needs
Internal Business Analysis
Finalizing a Plan
Nomba naya mukunwa Whisky , SAGE read widely and you will appreciate what goes on the world and then bench mark with the Zambian scenario.We shall link up tomorow, Kayata will chip in to finish off this argument.
Iwe Mwaba mwaice#25uleingalako namu archives wamona ama arguments not ukulaya fye mukunwa pa Temple ku Dublin
This is basically just a joke.
The Minister has dissolved the Board for lack of efficiency and focus.
Firstly,Zesco has been milked out of the little finance’s that it generates and all diverted for political benefits. It’s biggest and baddest debtor is the Government through unpaid services. It has also been used for cheap political gain electrifying areas that till today it has not gained a single income.etc
Secondly,This company has never been efficient, i wonder where the efficiency the minister is talking about has come from? The Board since KK’s time has never had any focus,hence it’s mission is as the same as when it was founded by whoever. The only focus the board has known is to collect income.
Would someone enlighten on what new technology that zesco has invested in?
Thirdly,extreme patriotism is killing our business industries especially for huge organisations like Zesco,Zamtel etc.
It’s time the Govt either commercialised or privatised this “white elephant”
Who is saying sale ZESCO to foreigners? The point is GRZ run companies dont serve our interests. so what is to you who runs the company? What you should care about is having 3 or power companies competing for your money. Competition brings sanity to business. Look Chilanga, ZAM suger they are private but they are prety much monopolies thats why they sale suger to you at higher price and sale a briton at a lower price. That defiles the rules of commerce.Chilanga cant even meet the local demand yet they export cement. and Stupid Fundanga believes that is a good thing. Privatization brings efficiency and productivity. Sale ZESCO to Chomba Malaila and you will see how much money will be generated from the sleeping giant.
Privatisation we dont need it instead we need PPP this is the only kind of cooperation which works. Pls can only work for companies like Zambia Sugar because they dont have competitors at home (Monopoly), mind you the customers determine the price of commodities through quality and cognitiv dissonance which implies that our eyes influences the kind of product I want. If I want to buy a car which has green colour its very rare that I will go for a silver one because my emotions and feelings want a green car in colour.
Kayata thank you may be you will open Kukus eyes so that he can see that the issue is politics in business. The disolution of the boards could be they found out the members are PF and they want to punish them.
Earnestly speaking, much of the contributions here are too shallow and revealing dangerous ignorance in this generation consumed with empty talk. With such ignorance, it will remain a nightmare to ever be taken serious by the majority informed Zambians. Blogs would never be respected but taken as places of disillusioned lot. It is impossible for a sincere and well vested person to be attributing the myriad national challenges to lack of education on those entrusted to manage national affairs. Who doesn’t know that since the 90s consecutive MMD administrations have been of Zambia’s best brains and educated personalities? MMD has carried the most and best educated Zambians from the world’s prestigious schools among them Harvard, Oxford, Sanford, London school of economics and all the Ivy League schools we can think of. These are people who have served in successful institutions at home and overseas yet you want to say its lack of education? Give me a break. The issue is not education here but selfishness in our modern Zambian culture. Critically look at Levy’s cabinet you will find that 90% are fine educated Graduates and post Graduate professionals with streams of world standard education credentials. The same applies to the Controlling officers be it PS, Board members or commissioners, the trend is the same. If anything the majority of them hold superior education than most of you still struggling to get there. Thus, analyze the situations from another point of view education is out. Look at ZAMTEL from the MD a Mr Tembo, Directors, senior managers to its Board Chairman Mr Chabwera. They all hold superior Graduate level education in powerful fields of studies. If anything, Mr Chabwera is a successful senior economist who has succeeded in all his enterprises. This is one man like Garon and UNIP, who owns most of the infrastructures in Lusaka especially along Cairo road. Yet ZAMTEL leaves much to desire in a liberalized economy. Zambians are still locked out from the internet revolution as the service remains highly prohibitive. The ICT remains a matter of rhetoric without a clear action plan to enhance information technology whose aggregate impact to the economy they know too.
Isoka man, 60, dies after wife pulls his private parts
By Jonathan Mukuka
Friday July 06, 2007
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A 60-year-old man of Lambasika village in chief Muyombe’s area in Isoka district died on the spot after his wife pulled his private parts for allegedly having an affair with another woman.
The deceased man identified as Kasimbamutale Ngondwe died on Monday in his bedroom after the alleged incident.
Police sources in Isoka said the wife of the deceased man surrendered herself to the Community Crime Prevention unit (CCPU) in the area shortly after killing her husband.
Loicy Nangamba Ngondwe told police that she did not know that her husband would die instantly after pulling his private parts.
Ngondwe added that she never meant to kill her husband but that she merely wanted to teach him a lesson that he should not be opening his zip for other women.
The woman has since been officially charged with one count of murder and would appear in court soon.
She is currently detained at Isoka police station.
Kuku# tell SAGE to stop preaching for privatisation of ZESCO it should remain either GOVT owned or PPP. One aspect we should not overlook is having a say in the manner our companies are run. If you privatise Zesco then you its denial peoples involvement and particiapation on how ZESCO should be run. A good example is Railways you know what I mean. Kuku you are right when you say you want to bring back VITAFOAM, DUNLOP to Ndola. I also want to bring back NECK and Bata in all provinces. Why buying shoes from USA do you what the means economically help us getting richer and continue oppressing and controlling you. Lintco should be reestablished.
Sophist you need to be friend with AKA. stop wasting your time writting asseys in this blog.
By the way there was a question of what is cooperate governance? This is a term used when a company is run by government otherwise the word means management nothing else.
EASY what say do you have in the running of ZESCO today?
SAGE,i’ve always believed that if our local banks and insurance companies formed an equity company or consortium,they would have been able to buy most of the privatised companies, and profits would have circulated within the country’s economy,and that would have improved alot of things.
The problem with our leaders is they would not like to accept their wrongs as traditionally an elder doesnot accept when things go wrong. Our leaders have always diverted blame to other’s for their inefficiency eg,blame whites for slavery,underdevelopment,underpayment of worker’s etc, this minister is now blaming the board for zesco’s failure when it is a well known fact that govt’s involvement has been a major problem in the functioning of these companies.
How can the Board focus properly when it’s budget is always hijacked?
Definitions
#47EASY dont talk about what you dont understand
– Corporate governance is a term that refers broadly to the rules, processes, or laws by which businesses are operated, regulated, and controlled. The term can refer to internal factors defined by the officers, stockholders or constitution of a corporation, as well as to external forces such as consumer groups, clients, and government regulations.
A well-defined and enforced corporate governance provides a structure that, at least in theory, works for the benefit of everyone concerned by ensuring that the enterprise adheres to accepted ethical standards and best practices as well as to formal laws.
#43 Sophist degrees are useless if you cannot put in practice what you learned. Why are people being fired if they are performing. Harvard theory my brother will not make you a name performance is what matters. You cannot have batch of professionals given duties they are a let down. Are happy that pipo sleep in dark. Are happy companies cannot produce goods because of lack of power. It pleases you when fuel shortages is order of the day in the country. Think twice my brother in UK where you are no single day do such problems occur that much you know.
#49 do you know the budget of running Zesco, maintainance costs at Kariba, Kafue gorge and Itezi tezi? What Kuku and Sophist are saying are the best way to go not those dreams by you guys.
#47 Do you have an Accountant at your place of work? Ask him what corporate governance is, then you will know that that is a managerial term in performing duties, it is widely covered in ACCA and what KUku put above is the exact meaning otherwise go on the net.Gentlemen if you have nothing to write dont halucinate and if you have no wide exposure it is always good to just learn.Stop mubling and waffling especially you Sage it hard to see where you stand in your contributions.
#50 SAGE I dont know which professor taught you this defination. I am sorry he misled you. The two word are the same please do some balance scorecard or bench marks before you can continue posting here. I will stand by my word in Private circles it Management and once a company has an element of govt in it the correct expressing is Cooperate goverance. In general both words means the same bwana SAGE.
Kuku will you tell Easy #47 to stop using terms he does not understand.
Easy #47,Corporate Governance is the set of processes, customs,policies,laws and institutions affecting the way in which a corporation is directed,administered or controlled.The goals for which a corporation is governed.
Management is directing and controlling a group of one or more people or entities for the purpose of coordinating and harmonizing that group towards accomplishing a goal
#54 Kayata to hell with his wikipedia defination. You should talk from practical experience not someone wrote on wikipedia.
EASY that is a copy and paste its not my deifnition go to ask.com and read all the economics definition of corporate governance. thats what they say. Unless of course you studied from the book of RUFQUA.
Easy #53,Ignorance is no defence.
Do you know what to Govern and Manage of a company or organisation is,and the difference between the two terms?
Stop making “direct translation’s” here.
Do you know the corporate governance of KKR,Goldman Sachs,Microsoft,Apple or Barclays? and
Do you know their Management and how they are managed?
EASY we have to deal with facts noy you interpritation of corporate governance means. otherwise its a waste of time having this conversation if we cant even agree on facts.
Kuku, uli caume kabili walinwa ink. Exactly what you are saying has worked in many companies around the global. Nomba Kuku ayamano wakwata, teti uyesambilishako bamposa mabwe pa UNZA so that they stop throwing those stones? Both the Board and Management for ZESCO and ERB should have gone. Sisala was very professional at CEC, but at ZESCO he has become a liability just becoz he is Chuchu’s nephew and thinks he is untouchable. Kuku, bushe tawaishiba email address yakwa chuchu? Limbi kuti akusumbulako wayaba pa ZESCO management pantu ulemoneka kuti wacitapo something.
I repeat education, experience, and skills to direct business houses into successful and profitable entities are plenty among Zambians. But “self rational interest” has proved a dangerous virus in this Generation. It’s a serious challenge demanding a paradigm shift from the prevalent cultural of preoccupation with personal interest. Board members and controlling officers all serve with provable conflict of interest during their tenure. It’s not an issue of strategic planning or lack of capacity to implement their professional skills in their work jurisdictions but self rational interest. This is why I dispute when you allude that prevalent failure has something to do with lack of education. Education and skills are plenty.
Sophist at 43 takes a premise that relative to what he knows the rest of the contribitors are ignorant. A very sarcastic viewpoint to begin with. On this forum we have Zambians of all walks of life whose only interest is improved welfare for all Zambians. So they contribute their own ideas (which may or may not be viable) according to how best THEY understand issues. We cant all be experts on everything. Just offer your ideas if you have any and RESPECT OTHER PEOPLE’S OPINION, BECAUSE IT THEIRS!
60, Please define for us what you mean by “self rational interest”.
Francis , this Sophits doesnt even know what he is talking about. first he come in the blog to insult us. And then he wants to point out his vurge point of view. I DONT HAVE TIME FOR PEOPLE LIKE SOPHIST. I will go get me a cold one.
He himself sounds profoundly ignorant of the very concepts he’s bringing on.
Self Ration interest in a layman terms I would say it is the absence of Altruism in one’s decisions. It is a drive to fulfill ones’ concerns, to cultivate the self and achieve goals for the good of the self overlooking those of others. Self Rational interested people exhibit personal efforts to look after their own well-being first. This is irrespective of prevalent misery their actions gravitate. That is typical of Greedy capitalism mindsets.
Sage,
I acknowledge the truth pains. I respect your reaction following my argument to your earlier statement insinuating that the appointed Board members in Zambia don’t even have Grade 12 education. I repeat many decent and sincere Zambians will find your line of lies shallow. Give me two names you know of that are serving on any public institution board that that are that limited. FYI, you have the right never ever to remark to my messages. It’s an endorsed decision because I don’t either have time for egoistic and good for nothing pundits. In debates, no one is indebted or responsible with the task of posting what makes you happy only. You have rendered yourself obsolete in my line of discourse. I will never endorse baseless insinuations but remark the way I see things.
In Zambia we have educated people but the problem lies on developmental programmes.We don’t have targets for the country development apart from geting rich dubiously through corruption.The so-called board and management doesn’t focus for developmental issues.
What we need in Zambia is long term developmental programmes to be fulfiled by every company rather appointing carders to manage companies.
#59 Kalembe I totally agree with, Kuku’s arguments are rational, well researched, articulate and level headed.I have been a keen follower of debates on this blog and I have found him to be a consitent fellow in his contributions.I wish most of the people here can emulate him and use facts to support their contributions.Zesco is not a simple institution to run,just like any other a power company.Eskom still a state company but functions effeciently.NAmpower is a state firm, and so many others in the region, like Kuku suggested above the right public private mix will be the only way out than giving it to a single investor.right now there is World Bank team looking at the possible ways of revamping its operations and not ‘the issue of sale’
Kuku,I salute you for highlighting the major issues in management organisation. That is how an enterprenuer should articulate. I hope you are putting these things in practice at Main Masala.However, I have a feeling that what the minister has done is long over due.Unionised workers at ZESCO have demonstrated against management every now and then but Sisala has remained untouched. Why? Before the body was dissolved, Sisala should have gone first.Whichever body will be appointed, it will still be influenced by Sisala’s deeds.It will not have any impact at all. By the way, where are you bloggers at the time I am on line. I miss you. I only come to find the column has enlarged when I wake up. as a result, I find it difficult to fit in and argue as the blog is extending.
ATTACKING THE CHURCH
By Rev. Thomas K. Lumba,Ndola:
It makes sad reading to hear Pastor Nevers Mumba attacking the evangelical churches in Zambia for not being interested in the constitution-making process as reported in The Post of July 4. First thing first: Attacking your own house, the Church in public is not the best way a mature leader should approach such emotional issues. It will only divide the unity of the body of Christ; he is criticising the churches on the pulpit. Lesson number two: Preaching to a congregation, of which my brother Nevers is so privileged, is not like debating a motion in Parliament, where his opposites may answer him back. A preacher on the pulpit can say things, no matter how untruthful, to the other side and the audience may not respond right there.Having said that, I should point out in this column of The Post, that brother Nevers was not telling the truth. The Church in Zambia, especially the evangelical body, is very much active in the constitution-making process. As a disciplined church through their mother body, the Evangelical Fellowship of Zambia, this church fully participates through the Oasis Forum. When we formed the Oasis Forum during the Chiluba third term bid, the whole purpose was for the voice of the Church to be prominent in the affairs of the constitution in this country.That time brother Nevers was nowhere near the Oasis Forum. When Christians were voicing out for a better constitution, our Dr Mumba was enjoying the comforts of the MMD government as the number two man. If today our brother were still in the MMD government, he would not be preaching the same messages. The Oasis Forum, which has more members from the three church mother bodies, is a strong, respectful, resilient voice on the making and preserving the constitution, which even the first Republican president is giving credit to.
Because of its resolute stand, the Oasis Forum is attracting even unreliable politicians like the president of an opposition party who wants to work with it.If Pastor Mumba wants to see every evangelical church small or big across Zambia standing to speak on the Constitution, then he is missing the whole point as that will only create confusion and more division. Besides, not all individual Christians have the privilege of being quoted in the national media for them to be heard, a privilege brother Mumba enjoys so much.
Therefore let him be told that such criticisms coming from a fellow brother will only frustrate those evangelicals who have been on the battlefield to preserve and fight for a better constitution. It is not fair! Finally, a word of advice, knowing the ambitions of our brother, he should be reminded that one day he will need the support of the very church body he is preaching against.
#21 Sony sarge uli na mano. Wamona te, government has contributed to the down fall of zesco and the power industry. It has abused the the company and many times gets its finances for political endeavours from zesco. Let elections come, zesco has to provide government its resources!! Its the same thing that happeed at zambia railway systems, government was getting doll from thoseguys even when it was at a wrong time, in as when the period to make a payment(annual levy) was not yet due. I will not say much about this issue because there is alot hidden. When you talk of energy, you talk of life!!!!
I give credit to zebige man kuku for educating us on management and corporate fimo fimo. Thats great man, walipita kusukulu zebige. But why bali kusha mu government? u see, those guys dont like brillient chaps, because they are afraid kuti wa ba dilinga!!
Kuku, I am impressed with the way you have put across issues today. Keep it up. That is what we need on the blog. But where is Ba Joze and his collection of books? I hope it is not about satanism-Rafigua
#73 Iwe nkhataboy are you insinuating that KUKU and JOSE are satanists. Ukazinkala naulemu. RAFIQUA is available at Universal church bookshop – kafue round about. Go get yourself a copie.
Sophist you have a lot of good points in your postings but your posting at #43 was uncalled for. It got everybody’s backs up. You are obviously a good analyst but you need to learn to carry your audience with you. You start #43 with a sweeping insult to all bloggers. Also you need to realise that your views are not the truth and the only truth. Surely that in itself does not show your character in good light. In your last remarks in #66, you go on to say that people who do not agree with you are not obligated to respond to your postings. Surely by calling all blogger here as shallow minded at #43, you were inviting everyone to do just that. You have a condenscending streak in your style of writing, which reminds me of another regular blogger here. I am sure others know who I am talking about.
Shapi & SAGE,
We know mulifiwelewele without morals or human faces. Below is the message: And during the church service of Ng’uni at the St Paul’s United Church of Zambia in Kabwata, Mateyo said he was saddened that some people were celebrating the death of Ng’uni. “I have received reports that that certain criminals upon hearing the death news started to celebrate, I stand here with a broken heart, I don’t want criminals to push me too far,” he said.'”I am heart broken, the police service is not dissolved. It’s intact, It’s God’s wish that Ng’uni is gone, but we will carry on from where he left and much more.” Mateyo reiterated that there was no room for criminals in the country. He said Ng’uni would be remembered for his gallantry and bravery and said his death was a loss to the country.”Very few people can fit in his shoes,” Mateyo said.
Mateyo said Ng’uni who was born in 1950 joined the then Police Force in 1975 and rose through ranks among others of sub inspector, chief inspector and Officer-in-Charge of Chambeshi police station in 1989. He said Ng’uni would work long hours without complaining and as a result was nicknamed ‘folofolo’. He said Ng’uni continued to rise and in 2002 he took over as deputy commissioner of police and was later retired in national interest. “In February 2006, he was reappointed deputy commissioner of police and commanding officer Lusaka Division till his death,” Mateyo said.”His passion for work continued. He intensified patrols in Lusaka which saw the reduction of crime levels.”Meanwhile Vice-President Rupiah Banda said Ng’uni was a great police officer and was dedicated to the leadership and served people without discrimination.
“I saw for myself what indeed a great police officer can do for a police service. The young officers knew him, felt his command and fearlessness,” Vice-President Banda said. And Banda commended Zambians for mourning each other.”We Zambians are a truly great nation. Of course in any country, you have people who are confused and celebrate death of a person,” Vice-President Banda said. And the University of Zambia Students Union (UNZASU) sent messages of condolences to the police service and the family. Among those that attended the funeral were former vice-presidents Lupando Mwape and Nevers Mumba, members of parliament from different political parties, former inspector general of police Silas Ngangula, Zunga Siakalima and cabinet ministers. Late Ng’uni leaves behind a wife and six children.
His body was flown yesterday to Chama for burial today.
PERSONAL MSG FOR Shapi & SAGE,
-Mateyo said he was saddened that some people were celebrating the death of Ng’uni. “I have received reports that that certain criminals upon hearing the death news started to celebrate,
-I am heart broken; the police service is not dissolved. It’s intact, It’s God’s wish that Ng’uni is gone, but we will carry on from where he left and much more.†Mateyo reiterated that there was no room for criminals in the country.
-.â€Meanwhile Vice-President Rupiah Banda said Ng’uni was a great police officer and was dedicated to the leadership and served people without discrimination.
– And Banda commended Zambians for mourning each other.â€We Zambians are a truly great nation. Of course in any country, you have people who are confused and celebrate death of a person,†Vice-President Banda said.
.â€We Zambians are a truly great nation. Of course in any country, you have people who are confused and celebrate death or misfortune of a person,†Vice-President Banda said.
-in any country, you have people who are confused and celebrate death or misfortune of a person,â€
-in any country, you have people who are confused and celebrate death or misfortune of a person,â€
-in any country, you have people who are confused and celebrate death or misfortune of a person,â€
-in any country, you have people who are confused and celebrate death or misfortune of a person,â€
-in any country, you have people who are confused and celebrate death or misfortune of a person,â€
#74 mala – msana wandalama, I haven’t concluded. You are pushing words into my mouth.May I know from you?
The biggest problem is Zambia, as has already been pointed out, is political interferance. If Mr. Sisala of Zesco had persued non-payers of bills with the
required vigor, he would have fallen fowl of the govenment, since the worst culprits are government departments. At the sametime, he is unable to run an
efficient ship if the company is unable to collect all that it is owed. In other words he is a losing wicket whichever way you look at it. It is not a shortage of skilled and talented people that Zambia suffers from, but rather too much polical interference. You will recall that at one point Shikapwasha even wanted to deport the managing director of Chilanga cement, a private company, without regard for all the investment that LaFarge had put into the business. If they can do that to private companies, can you imagine the interferance that goes on in these parastatals. Even in government itself, some people are too scared to out-perform their bosses, in case they get fired for it!
Power, like other service organisations/institutions such as water, and communication(+roads) should ahve a primary aim of serving the providing the essential needs of citizens. Thats why the govt, somehow, has to have a say in the running of such campanies, even though the are privat. The taxes tht people pay should provide the basic capital for such institutions, while the runing cost may mainly come from the users. It is therefore, the govt’s responsibility to ensure that such services are well distributed to the citizens in all parts of the country, and according to the needs.
#81 people like SAGE are living in a dream land for advocating for sale of Zesco.Its practically impossible,Fizz what you have just pointed out is the way its being applied now.British gas is a Plc and the largest energy provider,people have a say in the way this company is run.Some countries which were misled in saling off utility companies, nose dived their economies much to the disappointment of WB/IMF that is why now these IFI are cautious in the way they want to deal with these firms.I wish we could have an open country debate on the way forward
Well done Kayata for being in charge,I noticed as the string went longer people where picking on each other, awe bane,let us be calm when dealing with each other , that is why we will never learn,when I was in school my teacher told me that the greatest gift you one can ever have is to listen what you are saying.Some of you have no ability to listen to your own words that is why you have ended up being the way you are ‘Bankosa mitwe’.iyi blog is for every contribution whether good or bad,
#73 & 74 RUFQUA page 12 sub Sect.xii, says ‘No one is above the other on Lusakatimes blog’.
Iwe mwaice Kalembe epo waba? Mwaice MBA iyo ulecita ufwile wapwisha not ukuba inga Mwaba waku Dublin anwafye ubwalwa lyonse pa Temple mu Dublin.4 year course has taken him 10 years, mwaice iyi data isangwa pa Kulima Tower,ba Scorpion Kadobi ebatupela amafundisho once a year pamo na BaJoze, so naya ku Test yapali ‘Why are mini bus drivers ever dying from Aids?’Nayikosa paper iyi mwaice, ni 3hrs
#38 kuku Boss I noticed something as your personal advisor and consultant. In our development strategy some few items are missing. 1. How much capital do have to run the business or need to run the firm 2. human capital 3.Available technology 4. envirnoment studies 5. Studies of the competitors. Last but not the least research and development department to help us know what the people want- Kaili a bit of Marketing. people want to have power 24 hrs in their homes and companies. Automobile owners want accessibility of fuels 24hrs/per for cost saving measures at their dispose. Reason prices of fuel and diesel.
#84 Mwaice Easy, iwe uli my apprentice,you need to learn from me.Mwaice those steps given in #38 sums up all these issues you are saying are missing but in any case here is what Strategic planning entails:Strategic planning is matching the strengths of your business to available opportunities. To do this effectively, you need to collect, screen and analyze information about the business environment. You also need to have a clear understanding of your business — its strengths and weaknesses — and develop a clear mission, goals and objectives. Acquiring this understanding often involves more work than expected. You must realistically assess the business you are convinced you know well. Familiarity can breed contempt for thorough analysis; you cannot properly evaluate your firm’s strengths or shortcomings.Further on you must know about Pro active and reactive management Mwaice Easy, ukese pa Kulima Tower for tutorials, mwaice Ba Kadobi balipounda
PROACTIVE VERSUS REACTIVE MANAGEMENT
A few years ago, you could establish and maintain a business by reacting to and meeting changes in tastes, costs and prices. This reactive style of management was often enough to keep the business going. However, today changes happen fast and come from many directions. By the time a reactive manager can make the necessary adjustments, he or she may lose many customers possibly for good.
Proactive planning is the anticipation of future events. Decisions are based on predictions of future states of the environment as opposed to reactions to various crises as they occur. Proactive planning in an unstable, technology driven business environment is critical to continuing success in almost any endeavor. Rather than reacting to the situation as it changes, proactive planning requires that you analyze environmental forces and make resource-allocation decisions. By doing this you will take your business where it needs to be in the next month, year and decade. RUFQUA page 7891 sub sect.xvi,in small business management, puts it this way:
Today’s entrepreneur must be a business architect. Anything built in today’s business
environment must have a step-by-step blueprint or plan on how to achieve success .
The blueprint for today’s business owner is a business plan.
85# I just left SWOT, reactive & Proactive Management deliberately I want to see ba SAGE will talk about this on the basis of Indeni and ZESCO. Kaili he pretends to know he misses many issue of business management. Boss I am well equiped and very skilled in my field. I have done management at its highest level I had a chance to pipu thru in big companies.
You ba SAGE he talks of cash cows without making it clear what he means when I saw this at first I thought he was talking about the Cattle stock redistribution in Southern Province. I think SAGE is the one who need tutorial on Risk Management and Securitization we might need him at ZESCO when they new management will be put in place. Because he argues too much and this make you think more deeply to find better solutions. Big I dont like Katondo street they are just too much thugs I would rather come to main masala
#79 Anonymous mwaice what are you talking about, is your other name Nkhataboy. Dont confuse me, wacilanwa amantalakwa nangu senkisa mu chibolya.
#86 Mwaice Easy finshi fimbi ulefwaya ukwishiba kanshi? Mwaice Exam nayikosa so indi Main Masala sub exam room,Iam attempting ngwangwazi theory paper part iv- research methodologies on -how to streamline Lusaka Trasport system-both public and private systems,how best we can reduce conjestion on Burma,Chilimbulu roads,then Katima mulilo and Great east roads upto Airport turn off,mwaice we are busy, elo na hangover ya whisky mailo, ala nilekaleka but we shall be trough by 18 hrs today, elo tuleya kuli injikata,Bushe Ku USA do you guys have a life? NO wonder you have turned blogging into a career.BaJoze let us link up at Chez Temba Down Town today at 21 hrs, tulepuleko ama painti, twabaza sana.mwaice Easy nikupela ama hints start thinking of that business before your return ku Zed pantu you will be out of touch with reality,pa Zambia napa wama, amahafu fyani not aya corruption , genuine money,hard work pays, but if you are crooked you end up like FTJ,Kashiwa,Richard Sakala,stella etc
#87 Easy I ahve always told you ati you will be my Director of Investments,I want to grow my business,extend it into financial services but mwaice ama rules according to PEnsions and Insurance Authority ati I need a share capital of K2billion according to Insurance Act 1997
#kuku86 this hard stuff for bloggers to understand they dont have economics backgroung especially zesco employee who just know how to count kwachas at the monthend when people are queueing for pay. Proactive is e.g I when that at midday I will feel hungry I will be near Town center where they cook food to get the best meal. reactive planing is when I get hungry its when i decided to look for money to buy kapamela and rush to the shop only to find that all is sold. So which better obvious proactive planing for I win time and satify my customers when they want the commodities. we should not forget the magical triangle we-customer-competitors. How because of sport there is shit from this old prinple the scenario involves more the three another big players like image of building through sportsman and woman ba Esther Phiri over night millionare.Famous huhu can we start use her to market our corperate indentity. By the does Zesco promote itself on these lines?
#86 & 87 K2 Billion let me see how much is that in dollars. Its equavalent to US$531,561.46. In the west you need 250 million Dollars to start such a business. Can we raise this money. Zambians need private insurance. My uncle took him 5 years after retirement a commissioner of police to start getting his money. you are right iam coming.
86# kuku My suggestion is to disconjest traffic in Lusaka make all mini buses owners and taxis share holders in my new company Lusaka tram commuters pls. I will build electro run trams to most main destinations like Kaunda Square, Libala, Lilanda, Avonadale, This is however long term planing. On a short term basis I would suggest to make some of the roads one way and two lanes. E.G. Routine UTH, Libala, kabulonga. From town center Kafue road burma road and chilumbulu vehicles only going that direction no cars coming from opposite direction. From kabulonga, Libala, Indepedence Avenue going to towards city center. It will mean some investment in building bridges for safety reason of pedstrians. All make roads for cyclist bicycles are environmentatl friendly Miyanda did it last year from Makeni. Also job creation of Chipata bicycle plant though misconception by our grandfather and his old guards.
Ndola stadia on course
President Mwanawasa says a team of Chinese experts is expected in the copperbelt town of Ndola this month to assess the site of a construction of a modern stadium.
Mr. Mwanawasa said the experts will visit the site to assess how the design of the stadium can be tailored.
He said construction of the stadium will create alot of employment opportunities for Zambians.
The President was speaking on arrival at Ndola international Airport.Mr. Mwanawasa described the construction of the stadium as a development that will move the country forward.
He said the Chinese are also partnering with ZESCO to develop a Hydro Power Station at Kafue Lower.
The President said the investments and assistance coming from China has no strings attached.
The man is to busy he has to give some of this projects to some of competent Zambians.
Ba kuku take this also introduce also a lane of for mini business. Heavy duty vehicles should not be allowed in certain areas. I would suggest to move bus terminals.
Ba kuku take this also introduce also a lane of for mini buses. Heavy duty vehicles should not be allowed in busy loads. I would suggest to move bus terminals.
EASY…Are we still talking about ZESCO or mini buses and bus terminals?
K1.9 trillion transactions unexplained at BoZ, Finance
THE Office of the Auditor General’s report of 2005 has revealed unexplained balances of more than K1.9 trillion between Bank of Zambia (BoZ) and the ministry of Finance and National Planning headquarters.
Germany to get sole CEO job at EADS
PARIS (Reuters) – The main private shareholders at European aerospace firm EADS (Paris: NL0000235190 – news) have reached a deal to appoint a German as the company’s sole CEO, the International Herald Tribune newspaper said on Saturday.
Quoting people with knowledge of the negotiations, the IHT said the deal to streamline the group’s dual French-German management structure would give DaimlerChrysler (Xetra: 710000 – news) , the main German shareholder, the right to name the chief executive.
EADS has been plagued by disagreements between French and German shareholders, politicians and staff over output delays at its airplane unit Airbus, and new French President Nicolas Sarkozy has been pushing for changes at the group.
“The accord is likely to result in the appointment of the current German co-chief executive, Thomas Enders, as sole president and chief executive of EADS,” the IHT said.
In a separate report on Saturday, the Financial Times said Berlin had made securing the top job at EADS for Enders a condition for any agreement with Paris over simplifying power-sharing rules at the company.
There was no immediate comment from EADS or DaimlerChrysler.
The IHT said that while a German would hold the CEO post, the chairman would be nominated jointly by French conglomerate Lagardere (Paris: FR0000130213 – news) and the French government.
Sarkozy and German Chancellor Angela Merkel are due to meet on July 16 to discuss the future of EADS, which earlier this year announced 10,000 job cuts at Airbus across Europe.
Under a deal that dates back to the EAD’s foundation, the French government holds a direct 15 percent stake in the company, while a further 7.5 percent is owned by Lagardere.
German carmaker DaimlerChrysler owns a matching total 22.5 percent of voting rights, but recently cut its direct economic interest by placing a third of the stake with private and public banks, including German state bank KfW .
— Additional reporting by David Milliken in Frankfurt
K1.9 TRILLION UNACCOUNTED FOR!!!!!!!!!!Why don`t we put an end to these medical evacuations by buying the neccessary equipment needed so that these procedures are done locally and ordinary Zambians can benefit.Why don`t we invest in the manufacturing industries so that we minimise on Zambia being a dumping ground for these cheap quality products from China,the list is endless but the answer is always that we don`t have money.This is gross mismanagement of the worst kind.LPM and your Demagogues, be reminded that we`re watching you.
#15 Dr HK mwaice wamona ilya question wayipwishe iya CEO/Chairman, see this article on #99, it was an ideal situation with germans but in this era its proving to be un popular and undemocratic and always with friction.That is why ZCCM had those problems as a result of that plunderer FHK(Francis H Kaunda)
Mwaice Easy exam yapwa nomba ni Saturday injikata, Sunday kulondolola
Kuku hats off yena data nauluka mudala.What`s your comment about LPM`s ZAMPTROP(K1.9 TRILLION unaccounted for)
Kuku hats off yena data nauluka mudala.What`s your comment about LPM`s ZAMTROP(K1.9 TRILLION unaccounted for)
Where are you exactly? I know you are not in Masala with that data.
So make comment on Ba Joze ref #1
#82 you are right. Its the govt responsbility to take care of the people by bringing the needs close to where they live. The govt may be patient enough to regian/realise its capital than a private owner. This is because the govt primary interest is to see that citizens are getting what is essential for living, while the private owner may be occupied with how much he gets from the services and when. The govt should have a say in some of these service institutions.
#99 Kuku, Where are you exactly? I know you are not in Masala with that data.
So make comment on Ba Joze ref #1
#100 Chapi, what has medical evacuations got to do with K1.9T theft? enlighten me.
#82. If you cant face hash realities that the problem at ZESCO is politics, Then dont compalin about the power cuts and loadshading. You want results but you are not ready for the proces that will deliver the desired results. We all know the intricate nature of the energy business. I know the stakes are high. But the status quo does not serve the interests of the Zambian people. Wether ZESCO is in private hands or GRZ run it has ZERO effect on the common man on the streets. It only creates a steady cash flow for ZAMTROP and political engneering. Hard as it may sound, Zambia is better of with 3 or 5 power companies than just ZESCO. Do you know that you pay for your electricity than Kasonga in DRC when they export power generated using your tax money to DRC. GUYS WAKE UP.
#107 SAGE.Instead of stealing K1.9 Trillion,you pump such funds in our health care facilities and as a results there would be no need for these medical evacuations.Sage,these people aren`t just evacuated for fun but because those type of procedures can`t be done locally for reasons based on lack of equipment.The simple point is that if you fully equip UTH all these evacuations will cease coz we`ve got the personnel to handle these medical procedures locally.
Chapi Kuku, HK, Nkhataboy, Hey, Zesco employee did you see something sinister in the statement of the Mr. Konga we have a private ZESCO called OPPI. Why a subdiary within zesco.
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