More than eight foreign companies and consortia’s have shown interest in acquiring 75 percent of Zamtel shares.
Zambia Development Agency (ZDA) Director General Andrew Chipwende says the response from potentials buyers of the government owned Telecommunication Company was overwhelming with more than 30 companies expressing interest.
Mr. Chipwende, however, says the Agency only settled for eight companies who prequalified to participate in the privatizing process.
He explained at a media briefing in Lusaka today, that the eight companies and consortia’s met the set criteria of having more than three million subscribers and an operational license of not less than five years.
He named the companies as Vimpelcom of Russia, Bharat Sanchar Nigam limited of India, LAP Greencom of Libya, Mahanagar Telephone of India and Portugal Telecom of Portugal.
Others are Telkom limited of South Africa, Orascom Telecoms holdings of Egypt and UNITEL of Angola.
Mr. Chipwende said the eight companies have already paid the US$20,000 million as prequalifying fee.
He also noted that Zamtel needs a suitable strategic partner that will effectively take over its operations.
Mr. Chipwende said this is why the listed companies will be issued with processing letters, confidential information and memorandums that will best describe the current set up and operations of the firm.[quote]
Meanwhile the ZDA chief said that in order to enhance transparency and total confidentiality, the Agency has established a secure virtual data room which will allow the prequalified participants chance to examine all key Zamtel documents remotely and make site visits to key facilities.
He stated that companies will also be invited to participate in the due diligence process set for Monday 2nd November 2009 after which they would be asked to submit a bid of 51 % and 75% of the equity in Zamtel based on their own evaluation of the company and market opportunities.
Mr. Chipwende further added that after this process ZDA would on 11th January 2010 announce the short listed bids adding that successful companies or consortia’s will be invited to take part in selection process of the final company that will take the 75 % shares of Zamtel.
In September this year, ZDA in conjunction with RP capital advisors invited prospective bidders to submit applications for pre-qualification to participate in the proposed partial privatization of Zamtel.
ZANIS
They sound like competent investors to me…meanwhile nambala shani?
HELLO……WHAT ABOUT THE WORKERS….THE GRAPEVINE SAYS THEY WILL RECIEVE
3MONTHS PAY X EACH YEAR SERVED….THIS SOUNDS GOOD FOR ALL THE EMPLOYEES WHO HAVE SERVED FOR AT LEAST 30 YEARS….ALSO THIS SOUNDS BAD FOR EMPLOYEES WITH LESS YEARS IN THE COMPANY…..HOPE EVERYTHING GOES WELL FOR ALL EPLOYEES WHO WILL BE RETRENCHED.
Competent based on what? Whatever they do, they should not sell it to the indians. I have nothing against their race, but their business practises historically have not been very beneficial to our country. Where they are suppossed to transfer equity they will want to bring a complete indian workforce, to the detriment of local workers.
Lets not forget the important issue of the valuation. It would be in the public interest to disclose the valuation attached to Zamtel.
Lets hope Nyama soya has no shares…
THANK GOD ALL THE SCARE MONGERING ABOUT ZAMTEL HAS ENDED. WELL THAT IS DEMOCRACY FOR YOU. IT IS ALWAYS NOISY, BUT A LEADER HAS TO HAVE THE COURAGE AND CONVICTION TO HAVE THE RIGHT THING DONE. BY THE WAY, MOST WORKERS OF ZAMTEL I HAVE TALKED TO SUPPORT THE SALE.
The 51% has pooped from nowhere!!!!Namasoya is softened!!!!who is sturborn now B****h!!!???Think someone advised him correctly!!! Namasoya you are not a life presdo!!!
#3 Spot on I agree. Keep Indian companies out of this deal. They are selfish whatever (pip pip pip). They would want all the profits to themselves and besides the Indian Law does not allow dual listing of companies owned by Indian companies. ZAMTEL will never be listed on LuSE if you give Indians. The recent MTN merger with an Indian company collapsed because they Indians did not want the merged entity listed on the SA stock exchange. SO keep the Indians out please.
I would be for the Indians, they making headway in telecomminucations and are on the frontier of technology.. I would however want some way of ensuring technological transfer to locals and i dont think that is astrong point of the Indians
They used call it Treason, now it is called Privatization.
IF I HARD ALL THE POWER; I WOULD GO FOR BHARAT SANCHAR NIGAM LIMITED. THEY HAVE MADE MASSIVE INLOADS IN TELECOMMUNICATION IN EUROPE AND ASIA. THEIR SERVICES ARE CHEAP AND THEY HAVE NOT BEEN INVOLVED IN THE MISTREATMENT OF WORKERS LIKE THE CHINESE.
i dont see my freinds the Chainese i bet the have oready got th deal
Since the government has choosen to privatise Zamtel i think it would be better to have telkom south Africa to get it.It more of a genuine company. Atleat that i think iknow of. Lets see what happens. 51% would be the best but who would want less. The government is trying to cheat us here trying to make it as though they want a fair deal. Who would want to make less profit and share it with someon else. All will bid for 75%
Who are the other 22 bidders? Did we have the Chinese as well? Mr Chipwende let the pipo know the other bidders and probably give details of their prices.
-the 2 Indian companies have already partnered with Malaysian consortium to buy zain in Africa,so they shouldn’t be allowed.
-orascom is owned by Indian and its not big.
-Portugal telecoms is small
From the look of things apart from telkom south Africa,uni tel and orascom, the rest look like middle men out to get the zamtel shares for a song and then sale them to a well know brand at a higher value.Zambians let compare the asset base of zamtel against the would be bidders.
Companies whose shareholders control them have little possibility of making their own decisions. I hope this fate doesn’t befall ZAMTEL.
No. 14 these are expressions of interest therefore no prices tendered for at this stage be patient.
We are simply a batch of i-dio-ts as a country. The only time a Zambian is aggressive if when he is beating his wife under the influence of beer. We can all be unhappy but put up with it, talk about it in buses and bars. We are all lazy, with no confidence .Wonder why we go out to compete and only expose our disgusting culture of living to the world. Thank God we have never gone to the world cup we could make history as the first team to loose 9-0.What have we ever done well -the poorest, the most AIDS hit lots, now the most brainless leadership. Zambia shall be saved.
When FTJ started the privatization process, he benefited from the venture. Take Luanshya mines for example, Chiluba benefited from the sale to Binani. LPM benefited from Enya holdings, RB has definitely benefited from the Chinese. This one time RB will benefit, it will be up to him to, at least choose a reputable equity partner for Zamtel, whilst he is benefiting from it.
My submission will be that the next president will target Zesco, so that he benefits from it too.
Bharat Enterprises are great innovators. In fact they have grown tremendously in east asia by doing jv’s with large European companies like BT. each JV partner or shareholder made good of their investments. They could even buy TelKom SA. So stop this racist ranting and acknowledge that India has emerged as one of the top 3 emerging market players. I am black Zambian and growing up I had ‘Indian’ friends whose values were generally exemplary. It is this racism against the asians in Zambia that has now left us with only a handful of our brothers and when you ask where are these guys – they are in the US, UK, Canada, Aus, NZ where they are accepted and Zambia has lost skills and possible income streams. It is the black Zambians that need to change their ways and adjust their moral…
LT, I am in Canada not the US
shut up all of you. the process is very transparent. The pre-selected have to do the technical and financial proposal. After that they will go for negotiation with the best rated. its at negotiation where trouble starts and deals are made
We don’t need another Zambia Airways saga of 1994 where there was no plan. In the interim period, ZDA has to look at the income statements, balance sheets, capital structure and growth strategies these companies may have for Zamtel. ZDA also needs to look at the costs of capital, their costs of equity, a forecast of cash flows for Zamtel etc, etc. It will be a mini enterprise – valuation of these same companies bidding.
Altimo holdings of Russia is the best company to buy ZAMTEL bcoz these guyz re doing very fine, i mean very very fine in this field. they even have MEGAPHONE and BEELINE as their partners. Russians are very gud @what they do, i have been in russia for 6yrs and i have seen how these guys re doing. If Altimo holdings of Russia wins the bid Zambian telecommunication will be lifted to the european standands just like in Russia.
They all sound very good. It is a difficult choice. I personally have a preference for Telkom of South Africa.
Gee looks like these bidders have already hired some Zambians on this blog to start singing their praise. I wonder who told you that TELKOM is a good company. For Zambia’s sake I wouldn’t want Telkom to come to Zambia particularly the way they have strangled the Internet Market here in SA . They have thwarted every legislation that is supposed to free the market and it is sad that even Kenya now is overtaking SA in terms of broadband penetration. TELKOM is a devil. You have to live here to Know what am talking about. Please forget Telkom. The SA market is saturated and they are just looking for places to plunder. Thank God come 2011, they telkom will lose its monopoly on the local loop and hopefully we can see better service in SA. Telkom rips us off here big time.
Cont’d
Late year, MNET Cate Blanche did air a program where they proved that it actually cost less to get on a plane and fly to Korea and download 4 Gigabytes of a movie and fly back to South Africa than try to download the same movie through Telkom network. South Africans are bandwidth starved because of Telkom monopoly. This is public knowledge here. Every South African knows that Telkom is a big rip off. And is this what Zambians want. NO NO NO. Don’t bring these plunderers to Zambia please we have had enough already .
Please pipo this is bull-shit,Nyama soya has got no heart for the Zambians.Right now Us Zamtel Workers We are going to get Peanuts as the Trenchment package,anyway God sees,and will deal with you RB.
Well,ladies and gents,we have tried investors from all these other countries except Russia.Lets give the Russians a chance……….they’re really great at what they do,especially in the technical and engineering fields.The other thing is that the working conditions in Russia are good,which means that Altimo might treat the Zambian workers nicely,too.How do you expect a Chinese investor to pay you well when the salaries in his home country are low?The Russians are a better choice here.I am speaking as a Zambian pursuing a MSc in Applied Computer Science in Russia………and I have firsthand experience of how good the Russians are in engineering and technology,in general.
ctd from #27 sorry meant 100 Gig of movies, anyway you can google it and see for yourself how evil Telkom is in the way it uses its monopoly to strangle south Africans. Please spare zambians from this Telkom
Besides Angolan consortium, everyone else seems fine! I have reservations on Telkom. Zambians always think of South Africans as good investors but look around us, besides shoprite, how many have stuck around. Anglo ran away, ackermans, smart center etc! Greencom is doing well after buying Uganda Telecom and those would be good for us as well. Am excited though about the russians!
#8 ya u r veright right all should be cheked before selling ant part of zamtel and also no lockel indians like the ZUMULA’s, MUSA, and the BHURAS these are sharkes of zambia so please the goverment should be very very careful and should check all the companies
“Mr. Chipwende said the eight companies have already paid the US$20,000 million as prequalifying fee.” I really wonder where these fees ended up. Do we really believe that all this money has been accounted for? I think not.
What kind of tax system will be used for the investors? What kind of jobs and wages will the Zambians get? Are Zambians going to be part of the board management ? Will the employment level and managerial positions wages be the same as they were before Zamtel was sold? What are the plans of the investors long term to contribute in expanding communication in the whole of zambia? Does the govt have a say in the data protection act of individuals? Basically people need a press conference with more details on a transaction as big as this.
I came to this article through Cho’s website, zambian-economist, from Reuters:
RPT-INTERVIEW-UPDATE 1-Vimpelcom not bidding for Zamtel -CEO
Thu Oct 22, 2009 12:08pm GMT
* Denies report it bid in consortium with Altimo
* Says entering Africa “a matter of the future strategy”
* Altimo says studying investment opportunities in Africa
(Adds quote, background, Altimo, analyst comment)
By Maria Kiselyova and Kiryl Sukhotski
Now how can Vimpelcom be pre-selected for bidding for ZAMTEL, when they state they are not in the running?
Either this is a mistake, or someone already knows who the winner is going to be. After all, how many clients does RP Capital have?
Lack of jobs!,
” What kind of tax system will be used for the investors? What kind of jobs and wages will the Zambians get? ”
My guess is that they will be operating under the same ‘free’ regime that has prevailed so far. No or little taxes, no sharing of profits, no enforcement of labour and environmental legislation. This government is just in it to sell as much of Zambia’s property as they can before they get out of office.
I think on the Reuters website it even says VODAFONE of UK have been short-listed
VimpelCom has subsidiaries in Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia.
VimpelCom also has investments in companies in Vietnam and Cambodia, VimpelCom is the second largest mobile communications provider in Russia in terms of subscriptions,
with 49.3 million mobile subscriptions in Russia and an overall subscription market share of 26% as at
31 March 2009. As at 31 March 2009 the mobile penetration and number of inhabitants in Russia were
131% and 145 million, respectively. As at 31 March 2009, VimpelCom had a total of 62.7 million
mobile subscriptions and 850,000 fixed internet broadband subscriptions in all its markets.VimpelCom’s GSM and 3G licence portfolio covers a territory with a population of about 240 million
Telkom and a few others from the shortlist are government/parastatals in their own countries. In short we are selling our government-owned phone company to a foreign government-owned phone company?
I won’t be surprised to wake up one day only to find our vital organs sold by this government.
Bharat Sanchar Nigam Limited (known as BSNL, India Communications Corporation Limited) is a public sector telecommunication company in India. It is India’s largest telecommunication company with, 24% market share.Currently has a customer base of 90 million as of June 2008.[1] It has footprints throughout India except for the metropolitan cities of Mumbai and New Delhi which are managed by MTNL. BSNL commands a customer base of 31.55 million Wireline, 4.58 million CDMA-WLL and 54.21 million GSM Mobile subscribers. BSNL has an estimated market value of $ 100 Billion.(from April 1, 2006 to March 31, 2009) BSNL has added 9.6 million new customers in various telephone services taking its customer base to 64.8 million. Operates only in India,not international with dwindling customer base
Are there any clauses within the contract to protect Zambia Telecommunication system…. if the investor is mismanaging Zamtel?
LAPs Greencom -Libya-Heavily capitalized, Has other investments in oil and real estate, No known telecom experience,No known synergies, its an emerging telecoms company that has bought off ugandas telecommunication company as weel as a stake in kenya telecoms market,it,NO TELECOM EXPERIENCE but heavily capitalized to venture into any emerging technological advances,currently operates in east africa and runs ugandas major telecomms.Their financial standing and investments in east africa is helping them build a portfolio,based on the experience in telecomms particularly in uganda,nothing much to write about
Telkom operates in 38 countries in Africa, from regional hubs in Nigeria and Kenya via an integrated service provider strategy . It is expanding its service portfolio across managed voice, managed data, IT services & applications, and diversifying into new revenue growth opportunities in adjacent markets.
Recent acquisitions of Keynan ISP Africa Online, and Nigerian mobile operator Multi-Links gives Telkom strategic hubs to expand data and voice services into Africa. Africa Online (AFOL) is a Pan African Internet Service Provider operating in eight countries with the 9th country through a joint-venture with Verizon South Africa. It has the highest costs and its customer service is crap,get braced for slow connections
ifyashala lundenipo mwebene! otherwise my money is on TELCOM,they have the experience,infrustrucrure and technical know-how to handle Zamtel,though they have a terrible history of unprofessionalism when it comes to customer service. It takes about 7hrs to download a 700mb movie for DSL2+ which is ridiculous
GUYS ZAMBIA IS BECOMING SH******T. WHAT DO YOU THINK ALL THESE GUYS ARE RUNNING FOR? THEIR HAVE SEEN ITS A PRETTY DEAL THAT DOESNOT COST THEM ANY LOSS. RB IS SO F************K UP. surely how can you privatize a company by giving out more half of the percent. you shud have gone mangande he knows how to make bussiness. it wud a be a gud deal to the country if iy was 50/50 or 45/60
What nonesense are looking at now. you call these inverstors?. has there been any indian company that has proved sufficient and social oriented? Can someone explain how this downsizing came to eight?
Yami Watiakenim,
” Telkom and a few others from the shortlist are government/parastatals in their own countries. In short we are selling our government-owned phone company to a foreign government-owned phone company? ”
Right, the entire ‘privatisation’ ideology is outdated. Neoliberalism (privatisation, deregulation and corporate free trade) have created the present Great Depression II. Unregulated corporations are no better at management than government is. And selling to a foreign parastatal is hardly ‘letting the private sector show what it can do’.
I want to state it again, but neoliberal economics is not about common sense, but ideology, like marxism or libertarianism. It has also not been shown to fail over and over (1920s, 1980s, today).
Zamtel is not worth investing in. Investor will get burnt.
This is a normal tendering process and it appear transparent, which is good. And another thing is that GRZ has considered a 51% share option… this is also good as it limits GRZ exposure to business, social and political risks… Frankly speaking any investor will not worry about Kaputa in the first 5 yrs of operation…esp if it has full control… if GRZ has 49% it force the other partner to be more socially adjusted instead of looking at the numbers (profits)… Good work GRZ.
if telecoms companies from within africa, like that from libya and angola can manage to run their business even bidding 4 zamtel, why cant we as zambian manage our own businesses?
ZAMBIA IN THE SUN . . . .A COUNTRY FULL OF CLOWNS. THEY KNOW EVERYTHING BUT ALWAYS CRY WHEN DRIBBLED. YOU HAVE FAILED TO RUN ZAMTEL FOR DECADES AND JUST ACCEPT ANY FOOOL YOU **** DULL GOOD FOR NOTHING CEATURES WHOSE ONLY HOPE IS NOW IN A SEMI-EDUCATED FOOL CALLED SATA WHO IS WORSHIPED BY FOOLISH SEMI-EDUCATED FOOLS. GOD HELP RB TO DRIBBLE THESE STUPID ****ERS . PIPI WHO NEVER LEARN
workers interest first
What a figure , it is too good to be true!!!!!!! just below .
Mr. Chipwende said the eight companies have already paid the US$20,000 million as prequalifying fee
Does this mean that ZAMTEL will be sold @ $20,000.00 X 1000,000.00 = $20,000,000,000.00 ?LT check this!!!!!
please the goverment should be careful about the indians they will suck all the goodies and leave us with rubbish so who ever is dealing with this they should not allow the indians in other wise one leg in zambia and the other in india infact who ever buys zamtel should not be allowed to take any money out of z we dont want to land up like ZANI Zamtel should do its best to get the best deal as v all kno it is worth a lot of money and ZAMTEL should make sure that who ever buys should not fire any zambian workers or sell and assests this should be one of the thing they should put it in to the sale deal
Finally we are making a headway with troubled Zamtel.I for one would prefer Russian firm Vimpelcom which owns the brand Beeline here in Russia.Beeline offers quality service not only here but Ukraine,Georgia,Kazakhstan,Armenia and other CIS countries.We have a lot of south african investors and to me it doesnt augur well having a parastatal from another country to be a strategic partner for Zamtel.
Zed is slowly but surely being sold.When bashi panji was ruling there was no such stories of selling major companies,next it will be Indeni & Zesco watch this space.Ubutungwa mwalipoka nomba we mwina Zambia wi shitishe chalo.
Ba LT please give us a latest news. Are you telling me you are running out of latest material. This site has just become something else.
The site has gone eccentric.
#30 Chinondo, thanks for the information, didnt know that about telkom. Its no wonder i pay so much for internet connectivity.
I can assure you all that despite all our misgivings and fears about the Indian companies, our government is gonna end up choosing them cause it ll be easy for the top dogs to earn some quick back-door cash
Interesting to read all blogs above. I am sure we’ll get the best deal. Why do we always fear, look at Zanaco Bank. Let’s wait and see.
The root problem is the MMD goverment seem to have no confidence in their own people. There is an inferiority complex stems from a Chiluba policy continuation unless a foreign investor is running a company they are elevating the country. What is foolish is despite the growth in this policy agenda, there are fewer Z peepspower houses running prominent business, no-one is building the Z infrastructure, and Z is heavily dependent on donar aid to substitute their costs in health care and education. A lot of educated Zambians have gone to diaspora as the system does not accomodate it’s own people to succeed. Free market economy is good but to what level are you taking it when you are selling all your resources? MMD are talking about Zambia being a sovereign country? Are they really one?
We need to remember that under KK, over 80% of Zambia’s economy was owned and controlled by Govt. We made a mess of it. We all know how shortages and queues are the order. The whole country was crumbling. Something had to be done.
The solution was privatisation. But Zambians did not have money, just like today, to buy these companies. Zambia is better off after privatisation than where it was. The economy has been able to stand on it feet, even in global recession, without Govt interference thru exchange controls and printing money. Parastals over employ due to politics, so privatisation sheds excess labour inevitably. Unfortunately or fortunately we also live in a globalised world, so capital moves around. There always winners and losers in markets, even global markets. We must win.
CHAMBISHI COPPER SMELTER
The President is proud to say that Chambeshi copper smelter will employ 600 people. The much talked about 600 people have already been employed and they are getting as little as K540,000 per month inclusive of housing allowance and overtime.
Now if you multiply K 540,000 by 600 employees by 12 months you will find that this company is spending K3, 888,000,000/annum which is equivalent to $845,000 at the current exchange rate.
The current PAYE threshold is K800, 000 meaning all the 600 employees are not contributing to the national treasury.
This company has capacity to produce 150,000 metric tons of copper blister which is worth $900,000,000 at the current copper price of $6,000 per metric ton. So the wage bill is 0.093% of…
So the wage bill is 0.093% of gross income and the government is boasting that we have investors.
Let us challenge the Zambia Revenue Authority (ZRA) to tell the nation how much money in tax they have collected from this company so far. Though the Smelter was commissioned on Monday, 19 October 2009, production started in March this year. And for your information, the copper blister which this smelter is exporting contains 0.4% Gold so each ton of copper exported there is 4kg of Gold worth $92,000 more than the price of a ton of copper.
The question is who is benefiting from this loot? And then when we complain they say we are just “Mpombolising” issues!!!
Informed sources
Should we cry or jubilate over the privatisation of Zamtel. Well, lets look at othe well privitsed entities. Prior to its privatsation, holding an account with ZANACO was a headache. While the still lead in proving services, magament of those services was very poor. They were among the first to introduce ATMs but you had to wait forever to get a card, while other banks were literally following pipo in their offices to offer them loans, you had to entrer countless offices and sometimes oil some pipo to get a loan, the queues were unbearable, the attitude of the staff was another. Meanwhile, the major beneficiaries of the GRZ owned ZANACO were Chiluba and his tendem of ….. Should we just opose for the sake of it. My first mobile phone was a Zamtel , but it was useless due to poor service.
#63 We are not saying we are against foreign investment . It has loads of advantages…..However, it has to be done with wisdom. In the C21st we should not have situations whereby a chief sells land or his people for a mirror or beer.
Chimpwende, what criteria did you use to sideline the other 22 Suitors. If Iwas given a chance to see them maybe just maybe I could have come up with good credible bidders. Did RP Capital aid in the shortlisting process. To be honest with you I had a different idea as to which bidders were to be shortlisted even though I didn’t see the list of 30 companies and consortium.
Chipwende treat Zamtel Issue with caution. Otherwise……………..a task force will be formed just for you and RB in future. To say the least I am not impressed with your shortlisted suitors.
LT how much was the deposit paid? Your figure is wrong!!!!!!!
LT, nobody paid $20,000, 000, 000 for pre-qualification. Zamtel is nowhere as exciting in this day of mobile coms. get your numbers right. i guess you mean $20K
UK-Zed Observer, ” We need to remember that under KK, over 80% of Zambia’s economy was owned and controlled by Govt. We made a mess of it. ”
No we didn’t ‘make a mess of it’. Look at Indeni. Who built Indeni – UNIP. Who built the second Indeni, that could take the slack when the original goes down for maintenance? The MMD (1991-2009) – NO. The ‘private sector’, which under neoliberal ideology would have stepped in to fill market demand – NO.
UNIP put every child in school (as did ZANU-PF). MMD has kicked tens of thousands of children onto the street, with it’s ‘elimination exams’ and school fees, courtesy of the IMF and World Bank.
So no, ‘we’ didn’t ‘make a mess of it’. It is neoliberal ideology that has un-developed Zambia from the course UNIP put it on.
Mr K, UNIP constructed structures it couldn’t maintain. Thats why we became the mess UK-Zed observer is talking about. All the companies the state was running were dismal except perhaps for ZCCM who performed only well enough to prop up ill-performers. Even the free education could not be sustained. Thats why education standards started falling while the numbers of people going to school may have naturally increased.
” Even the free education could not be sustained. ”
Actually it could be and must be again. All the leading professionals and politicians were educated under that system. And think of the opportunity cost of not educating so many youths. Loss of future wages, loss of government tax revenues, street children. Not only is there a moral imperative, there is an economic imperative to get back to full education.
Now as the parastatals, they are not suffering from a lack of funds, but of lack of separation between state and government – political interference in state institutions like Indeni, ZAMTEL, etc.
So the solution is not privatisation, but legislation.
sure sure mwebantu dont you think 75% is too much telcoms is a strategic business if well managed can do very well have we really come to the end of ourselves and we are convinced there is nothing we can do or there is no zambian who can get this company up and running again. what about hiring the best.am sure it could save our pride.oh sorry we are not yet proud and free######