Minister of Finance Margaret Mwanakatwe says the public listing of ZAFFICO is meant to allow Zambians to buy shares in the State owned Company.
Mrs. Mwanakatwe says it is important that Zambians participate in the buying of shares in ZAFFICO so that the company is in the hands of citizens.
She says stories on the sale of state-owned companies such as ZNBC, ZESCO and the airport are based on falsehoods.
Mrs. Mwanakatwe notes that the country has excellent state-owned assets which should be safe guarded.
She was speaking at the breakfast meeting for Roma Parish in Lusaka.
And Mrs. Mwanakatwe has encouraged young people to take advantage of the facilities that government has put in place to enhance entrepreneurship.
She cited the multi-facility economic zones and industrial parks as areas which young people can take advantage of.
Why the fuss over ZAFFICO all over a sudden? One can tell that this is a calculated move to get HH in trouble. This PF awe shuwa
This is really laughable because we all know that the majority of shares will be bought by Chinese. This is just a fact
All this just to enable the Chinese to acquire our mukula trees.
Instead of selling the Chinese fish from our river, we are now selling them the entire river.
Nonsense
HH was wrong, Mwanakatwe is right
Thanks
BB2014,2016
Not long from now Zambia shall be liberated from these PF thugs.
2021 is too far Zambians arise and fight for your share of national wealth rights and freedom
Democracy has failed because of massive rigging. Whats needed urgently is unconventional means to boot PF out.
Most men and women in uniform equally feel the same and only need a slight sign to convince them to turn against Lungu and his PF.
Now is the time for Zambians to fight the PF theiving machinery head on.
Lungu akugwa by Christmas. More especially if he arrests HH.
Which Zambians will be allowed to buy shares in ZAFFICO? Give us the list.
HH & GBM can NEVER be allowed to buy shares in ZAFFICO, are HH & GBM not Zambians?
Imwe this video on social media of Zambians trying to siphon fuel from a moving train and screaming mu Zambia insala. Mmmmmmm..
Public listing of ZAFFICO meant to allow Zambians to buy shares in the State owned Company
OH I see most of us Zambians didn’t know this. We thought the public listing was for showoff. Or for filling up the boards at LUSE. Dr MushOta so you know why this company is being listed?
There’s absolutely no way we can pay for the euro bonds and the Chinese debt Zaffico is collateral damage part of the Chinese debt will be reduced all this is just window dressing we’ve got daily mail times of Zambia why not list those first besides they’ve already started printing in mandarin
So Public listing in a company we already own….these thieves are on a tight leash to appease their Chink masters.
So far none of these thieves has ever commented on what the Chink Ambassador stated on imports from Zambia to China recorded by Chinese Customs $90million of Mukula only 5% recorded on ZAFFICO books …the lazy bum in State House is unconcerned …no wonder the Chinks want to get their hands on the company so they can maximum profits and throw loose change to these thieves.
How can PF float a company when they have no integrity …I mean who can trust their valuations.
The folly of the corrupt
For they think that all days are Sunday
(CHANDA)
Early this year, a Zim prophet said “I can see zambians uprising against Lungu becoz of the secret deals he has signed with Chinese”
Listing of Chaffico on LuSE is a PF00Lish gimmick to sell to Chinese. Recently a chinese firm bought houses worth $270,000 to Chaffico employees. A few weeks later ati Chaffico is being listed on LuSE. They know Zambians have no money to buy shares. When Chinese buy, they’ll come & say “kaili you were not interested, so he Chinese bought majority shares”. Then after a few months, they’ll delist from LuSE & change management & workforce to 100% China-men.
1. There are high grade emerald, copper & cobalt ore-bodies under those forests
2. Chaffico handles all harvesting, sales, confiscation & export permits of mukula trees.
Congrats bena C/belt…
Cont’d…
Congrats bena C/belt for finally opening your eyes from the Dununa reverse hypnotism. PF are a den of thieves/crooks. Just check PF cadre Kaoma Chomba’s facebook profile fotoz to see their opulent lifestyle.
Zambians need to liberate themselves otherwise they risk losing all their resources through these corruption deals. There is absolutely nothing coming from the so called PF gang in offering solutions to to the current challenges. The Blame game has been an old story now. Everyone is able to read through the lines and see that we are headed for serious problems. God help us!
Mockery of “Ubuntungwa twali poka!”
Zambians are struggling to put food on the table and you tell them to buy shares in ZAFFICO. You scumbags!
From the look of things the Chinese have all the information and their government is already supporting them. Fellow Zambians we will have to crowd fund to protect our heritage. Can somebody publish Zaffico financial statements so that we are clear about state of the company.
How profitable is ZAFFICO? Don’t just list it on LuSe, show and convince the people how profitable ZAFFICO is for them to put their money in it.
A young lady asked upendi president
Question: Who told you zaffico has been sold
Answer: I did not incite anybody
HH is dull you people. Opposition leader must show intellectual capabilities worth the vote.
HH is a contender on account of tribe that give him 100% vote
Lock him up if he gives stupid answer at police station next week
Just say the truth you want to raise money to turn it around. Is it hard to say that?
Akainde thought he could buy the shares secretly without other Zambians knowing.
So if Chinese or other foringners buy majority shares , who controlls ZAFICO ???
Of course the idea of offloading share is raise working capital. And it’s true l just bought myself 100 shates for the start keep on talking. Share holders l saw are MPs from upnd. Keep on talking mwefyungwa mwe.
@Spaka at least those Chinese majority shareholders will be able to export Mukula legally.
In the current set up any twig of Mukula in Chinese hands can spark a riot. This ZAFFICO listing is the fair way to do it.
By the way while Akainde’s vagabonds are rioting and looting shops, Kainde is secretly buying shares from the same ZAFFICO.
You now know the definition of an evil man in Akainde.
The youth you were making dance dunnuna and sontapo who are now unhappy at being hungry and unemployed are now kaindes vagabonds ????
Hehehehe sonta …..sonta …sontapooo…
@Spaka it’s UPND youth wings on the copperbelt who are looting. They are yours and his vagabonds. Look at the kids in that staged Zaffico stunt.
The true PF blood are just waiting to thwart the monkeys you are trekking from your UPND secretariat.
Naimwe ba kudos, you were telling us CB is a no go area for UPND , now we are being told the rioters are UPND ?? When the UPND were rioting where was the PF caders ??
Sorry to say and please don’t get offended you my friend are a typical example of an educated ***** one who through KK managed to get free education but the cadre in you is to deep rooted with the education that I think you have you’re supposed to know a con when you see one but alas why worry if I get crumbs
Kudos, you should be ashamed of supporting these pfools…even if you are a Bemba chap; just embarrassing; stories that make no sense whatsoever
Ba skull chipubafye kanshi let me ask you if these dunder heads you’re so into now leave you’re children high and dry like the way there doing now with all your little money that you think you have made how many generarations of skulls can have an opportunity that you have had you mean to be slaves in your land is normal pf have outlived there useful purpose this is the future we’re talking about MORE MONEY IN YOUR POCKETS LESS TAXES has it happened
The fact is Zaffico is being sold here. How many Zambians will mansge to buy shares which will be foated? unless these corrupt theives wants to share it among themselves to loot mukula trees.
The stock market is the Hallmark of a Free Market economy. It’s good that Government is listing to increase funds access for expansion. Listing is a good thing, Zambians are empowered to directly buy shares by allocating a % of shares to them. This ignorance that the Chinese will buy the shares is not true and a falsehood. When did we stop exercising our common sense as Zambians? It looks like people want to be misled. Let’s be objective and ask where we lack Knowledge. Even the Bible encourages us to do this of God.
So what will stop the Chinese buying majority shares ?? And if they can not buy majority shares to turn the company around why would some one buy shares in a loss making company ??
List companies like daily mail or times of Zambia do know what prime economical land Zaffico owns cadre iwe KK kept it for posterity this is the future you can think of our home yes Zambia is our home
Leave God out of this…these pf buggas are God-less people, they worship Baal zebub
Tapali efyo you’re taking why can’t you accept your failure what stock exchange are you talking about you can’t even list your emaralds when did you list cobalt let alone copper you’ve been producing for days on end just say whilst I’m alive and the regime is in my favor I’ll eat chapwa
The company has not been sold or even listed yet as trib.al Hacks lied to the nation. Why didn’t he say the correct thing that there were plans to list it on LuSE? That should have helped him avoid trouble, this trib.al boy is he ever going to grow up or do the right thing for a change?
He is Under 5 which means he lacks political acumen or tact.
That doesnt matter its his job to bring to light what is done in secrecy by corrupt people. Atleast everyone now knows the truth about Zaffico. If he kept quite all we could have heard is that Zaffico is under chinese territory.
We are being told the Chinese who will buy ZAFICO shares are now Zambia citizens, what will happen if 17 million Chinese also become Zambian citizens the same way their friends became Zambian ???
Iwe spaka. Why is it had to pump sense in your head.
Who are the 17 million Chinese. Are they Zambian.
If these Chinese become Zambian then let them buy shares.
In Gabon. A chinese won election but he failed get 50+1. He is a Gabones
“….Who are the 17 million Chinese. Are they Zambian.
If these Chinese become Zambian then let them buy shares….”
This is what is causing problems, you PF don’t mind even if 5, 10, 17 million Chinese become Zambian , is that why you have started printing GRZ newspapers in Chinese ??
The rest of Zambians guard our heritage and don’t want to be swamped by Chinese. Just like the Chinese in China would not want to be swamped by Africans….
Spaka you cant see life beyond mabishi and chibwantu.
Seychelles and Mauritius is mixture of blacks and indians.
There’s nothing wrong if Chinese become part of us.
You are tribal, racist and xenophobic in the name of mabisi heritage.
Today you can go to Canada and settle. But you can NOT settle in china just as you cannot settle in Nigeria because these countries are over populated.
Politico….
Sorry, but I am a proud Zambian and dont want my ngoni culture to disappear into mandarin , sorry.
You see, you are people selling Zambia to the highest bidder….when other countries are guarding their heritage and country jealously we have you theives who don’t care even if Chinese or Indians take over Zambia…..shame on you.
that’s why education is important, this is becoming like another song of ECL is a drunkard, do you drink together, if so then you are a drunkard too, ZAFFICO is only giving shares to ZAMBIANS, the shares are open for only ZAMBIANS, China or Zimbabwe or America will not be allowed to buy shares, ZAFFICO is already making profits, the job now is to ensure as many Zambians directly benefit.utuntu UPND damb damber dambest
I approve this message
If PF cant stop Chinese selling in our markets or doing jobs reserved for zambians what makes you think you will stop them taking over ZAFICO when they become major share holders ???
The BITTER TRUTH is that, many tongas no matter how EDUCATED they are , still more the element of UBUTONGA is there in them.
This may SOUND bad, but it’s a plain TRUTH. Real BEMBAS, whether educated or not , they are sharp and with FINE SOCIAL SKILLS.Tongas on these issues of LIES, take a look on how they handle them.!!!
Even their comments and reasoning, one can wonder who sat behind the desk and who did not.GUSHIII!!!!!
Bembas no matter how educated are always theives like their brothers in DRC
…….All major thefts in Zambia done by bembas they think stealing and corruption is being sharp like the Congolese….
I would rather have a country of docile educated citizens then educated theives
Umwana ashenda atasha ubupuba bwakawishi . inga waishiba ukusamba insamfi pamumana it doesn’t mean that should be everyone’s specialt. Find time to go to other places and see nano efyo bangila its good for your brain development.
I only resort to tribal attacks to high light this scourge that seems prevellant with PF …….there was a time before I started showing these dirty tribalists that if you insult others tribes, your tribe can be insulted as well, there was a time before this when we witnessed the worst tribal attacks on LT.
Seems they are creeping back…
That is correct. Gbm tops list. Why are you keeping him. I just wonder
The culture extorts theft my brother, you will remember what chief thug Lunga said…
My brother you will continue to attack tongas left centre and right but the fact still remains that we are losing our heritage because of incompetence in this regime. You cant list such companies endowed with our natural resources then turn to paint around others tribal when brought to light. Pay attention to details. This is not all about BEMBA OR TONGA. Lets all fight for one common goal to help our leaders.
PF have failed the people with their chipant pante govt, people can’t afford feeding their family and you think they will buy shares, this shows how shallow these dander heads are, if u look at the whole thing, u can see that you actually dealing with people with a very low IQ probably compared only to a monkey. The convicted debarred thieving lawyer thinks he can get away with this, we will get him.one day..
Honourable Minister how much percentage is being offloaded,let Zambians buy by Hire Purchase or Loan facility,one Company can buy using different names how do you prevent that honourable.
The PF govt is very Angry with HH becoz he has exposed the ZAFFICO/Chinese Investors Sale Deal. With High Cost of Living most Zambians have no money to buy ZAFFICO Shares floated on LUSE. Chinese Investors find ZAFFICO of strategic value that is why they are buying the Company Shares in a disguised manner. The Listing of ZAFFICO shares on LUSE is underwritten by Chinese Investors. This way ZAFFICO is being sold to Chinese Investors. Very soon ZAFFICO will become a wholly owned Chinese Company and will be delisted from LUSE and become a Chinese Private Company Incorporated in Zambia.The writing is on the Wall.
People like kudos are the type that get angry when he sees his wife talking to a fellow Zambian man but he will gladly sit and watch his wife have sex with a Chinese while pleasing himself . What a nob
Who told you zaffico has been sold
Answer: I did not incite anybody.
What a stupid answer.
Lock him up at the police station next week if he give same stupid answer
Ck is calling lungu a corrupt theif everyday , how come we don’t have riots ??
Just lock him up. In fact hes not even popular on the copper belt.
Lot of property was damaged last week.
Lock him up selo
I dont like dull people. Can even answer kindergarten questions
Provide jobs badala , stop lying, this is not the first time we have had riots….
Spaka boi. Jobs will be created once shares are floated. Zaffico will be re capitalized
Politico..
When a company is privatised or share holders have a say, the first thing they usually do is cut the work force…..and floating shares in ZAFICO will solve this 40% unemployment ??
Spaka listen. Problem are zaffico is liquidity.
Just like Zambia railways the company needs capital injection.
The trees are depleted . We need to expand plantation.
This is also chances for saw millers to buys share s including you.
Governmentt has no money to inject in zaffico.
ANYONE can buy shares including gbm and hh. Is that clear
Listing is a way of raising money to improve the financial position of any business entity. Once financial improvement has taken place the company or entity can then invest and expand its business and consequently create more jobs and more contribution to Govt coffers to enable Govt. to build more schools, hospitals, employ more teachers, train more nurses and doctors. What Hichilema has done is to use that opportunity to create a false impression for his own bottomless selfish ends. This is a clear evil agenda against the state by the 5 times loser Hakainde Hichilema Sammy Chintombwa. For the information of Doubting Thomases, MTN- the South African mobile network sold shares to private citizens and companies to raise the money to expand their business into other African countries and…
I think you are confusing diligent management of a company with what seems to be pertaining at Zaffico. If this company has been making profits year in year out, why didn’t they expand? Why did there management board seek new markets?? What this whole charade is about seems like it’s to benefit a few individuals.. I say so due to lack of forthcoming information on current company standing other than people offering to resign once they’ve been proved wrong!
Read between the lines..
Continue reading… For the information of Doubting Thomases, MTN- the South African mobile network sold shares to private citizens and companies to raise the money to expand their business into other African countries and beyond. The Johannesburg stock exchange, New York stock exchange, LuSE etc. and other platforms are available for companies to raise more money if they wish to. Hakainde is fully aware of all these platforms that is why he chose to take his money offshore in tax havens so that it is not taxed.
*Not seek new markets
HH lied that ZAFFICO was sold, he should have said the govt is in the process of selling shares to poor Zambians who are busy syphoning fuel from moving cargo trains and failing to feed and pay for their children school fees. HH can just rephrase his inaccurate sentence for his own benefit.
No he cant do that because there is no truth in our leaders. Why have they been quite about all this until HH exposed them? Things done in secrecy when brought to light explodes. We are really headed for a downfall with this regime. I regret my vote.
if the government means well to the people of this country let them attached conditions to the shares that only for Zambians and no foreigners
Will there be some sort of restrictions or measures put in place to make sure only zambians will be allowed to buy these shares or else the majority shares may be bought by foreign entities and hence they will have gained control over this company. Also how will you know that zambians will not be used as proxies to buy shares on behalf of the same foreign entities.
It makes one feel depressed when reading what some of the bloggers are saying. If you a Zambian and you love your country, why support bad governance in the country? If HH is wrong, say it out and if pf is wrong, say it out also but don’t just support the wrongs because you are a pf cadre or your a bemba or from eastern province.
Iwe Kudos and your pro pf cadres, please tell us the criteria used to sell the ZAFFICO houses to the Chinese? What on earth is this? Now you want to give the Chinese shares in a strategic company like ZAFFICO? You think the Chinese will monitor and follow any environmental policies when they will be given the company? They don’t do it back in China and you expect them to do it here You think the Chinese are looking at today’s profit only? 50 years from now…
50 years from now there will no Zambia at the Rate the country’s resources are being sold and being given away for free to the Chinese.
How many Zambians can afford to buy zaffico shares. And why now after mukula tree scandles involving pf and Chinese. We are not dull. Just seat down.
On another note, Mr lungu will be commissioning a ZAFICO plantation on the 24th Nov in mbala during the centunary investment forum being held there……..May be ZAFICO is being sold to a wider audience not just the Chinese…
Ba pf government, it has to take opposition to talk about zafico for you to come out now & tell us about listing? Am now begining to relook my sympathy on you. Am beginning to see that you have no clue about what you are doing. If Tongas made sense I would give them my vote. But instead ni apathy chabe come 2021
You can’t have a group of people who think there more Zambian than others
Why doesn’t govt give Reasons and Rationale of Public Listing ZAFFICO on LUSE? What is the Purpose of Selling these shares and who is buying the shares? Chinese Investors are very keen on Mukula Tree. Are they Buying ZAFFICO Shares? Why should foreigners be allowed to buy shares in such a National Asset for Private Exploitation? Who is benefiting from the sale of ZAFFICO shares on LUSE? Is there an information Memorandum on the Public Listing of ZAFFICO on LUSE? That should be published in the interest of the Nation.
Zambians, be serious for once. Which investor ( Zambian or foreign) would invest in a forest, planting trees is not like planting maize. They have sold ZAFFICO land and the chinese will do whatever they want, stripping the land of all mineral resources. Copperbelt will be a desert in few years time. Look at the big holes on the copperbelt right now! ZAFFICO should be a government department looking after forestry affairs not a business. NEVER!
Thats what hh. Assert stripping. This not asset stripping aisha.
It selling shares to raise capital for zaffico
Where is the liberators of the Zambian pipo? Probably sleeping in the barracks while the PF is raping Zambia! THINK!
Bwana soldiers are behind pf not hh.
He doesn’t even a councillor in lsk. Cb. Luapula. North. East. Muchinga.
He is perceived as tribal leader. Unless the perception is wiped off, he remains a loser.