The Economics Association of Zambia (EAZ) has endorsed the action to place Konkola Copper Mines (KCM) on provisional liquidation.
Association president Lubinda Habazooka said that the move is necessary given the gloomy circumstances at the mining giant.
And Dr Habazooka has called on the team entrusted with the liquidation process to save the best interest of the nation.
He has told ZNBC news that the liquidation process should be conducted in a professional manner in order to attain the desired results.
Dr Habazooka has also called on parties to the liquidation process to operate above board as they execute the task.
He said the existing political will to ensure that the country’s mineral resources benefit the general citizenry should be sustained for the good of the nation.
Meanwhile, the Economics Association of Zambia has signed an MOU with CT Productions that will bring CNN and the Economist magazine to the National Economic Summit to be held in Livingstone at Avani Victoria Falls Resort on July 25-26 2019.
CT productions have exclusive rights for the Economist Magazine in Africa. CT Productions is an international media company producing promotional features; country reports to be published in the international press alongside a video production.
On the print press side, CT Productions is an agent of The Economist in selected countries of the African continent. All around the world, millions of people rely on The Economist for the inside story in global developments.
Under the signed MOU, National Economic Summit sponsors will be given presence in the Economist magazine, and a feature promoting Zambia will be placed in the same magazine.
Sponsors will also have a chance to appear on CNN.
A documentary about Zambia. Will be produced by CT productions also featuring the Economic Summit and other stakeholders.
EAZ President Dr Lubinda Haabazoka alongside DII conference Head Dr Erastus Mwanaumo Summit met with Camelia Oros – CT Productions Managing Director for Africa and Diana Rus CT Productions Country Manager on Friday this week. Others present included Deputy National Secretary for EAZ Mrs Rita Mkandawire, EAZ Board member in charge of finances Mr Lubinda Sinyani and EAZ Executive Director Ms Mirriam Nachilima.
As an economic policy advocacy association, EAZ is in a hurry to promote Zambia on the global commercial stage to enhance national economic development.
The Summit dubbed “the Zambian Davos” will be Graced by the President of the Republic of Zambia Mr Edgar Lungu.
Others invited include HE the President of the Republic of Kenya Mr Uhuru Kenyatta, Former Presidents Mr Thabo Mbeki and Mr Jekaya Kikwete of South Africa and Tanzania respectively.
Confirmed keynote speakers include COMESA Secretary General Ms Chileshe Mpundu Kapwepwe, Zanaco MD Mr Henk G. Mulder, Barclays Bank MD, Mrs Mizinga Melu, President of the World Farmers Association Mr Theo Jager, Ambassadors Mr Anthony Mukwita and Mr Emanuel Mwamba.
The event will also see the launch of the Greenco project that promises to invest millions of dollars into solar power production in Zambia within the next one year. The event will see academicians from USA, UK, Russia, South Africa among other countries.
Lined up at the even are Business to Business networking meetings, Business to Policymakers side meetings and other academic paper presentations.
The event will be live on ZNBC TV, Diamond TV and will receive international coverage
When have these fools at EAZ with its docile members ever opposed anything …their Russian trained President is forever bootlicking in their name and like most educated Zambians they are quiet
Some people are talking about what they don’t know here. CT Productions is an independent company that helps you to buy advertising space in The Economist magazine. They also help you to place special advertisements promoting your country at a fee of course. The Economist doesn’t exercise any editorial judgments on such reports as it is all done by CT Productions and paid for by you who has hired them. The Economist makes money, as does CT Productions. In other words they help you to produce spin about your country.
When have these fooooools at EAZ with its docile members ever opposed anything …their Russian trained President is forever bootlicking in their name and like most educated Zambians they are quiet
Seriously whatever you call it LIQUIDATION, NATIONIZATION, or PRIVATIZATION it doesn’t matter. What matters is who is doing the thing.
Zambians are still pulling their armpit pubic hair because Ba Edgar annoyed them by giving KCM to the unethical employees ever.
Kaizer, Amos and Milingo Lungu are the ones Zambians got insulted with. It is worse than calling them “m******mwe leave me alone, deal with these you are worth”.
Bootlicking or arse l!cling?
Liquidation means seizing operations, laying off the workers and then breaking down the company to pay those owed money. In this case, the first to be paid will be secured creditors like the banks followed by suppliers and others. If there will be anything left, then the workers will be considered. In other ways, over 10, 000 workers are now on the street and Zambia’s largest mine will now close. The solution should have been government take over and KCM is stabilized for sale. Source: Charles Milupi on Silozi Channel Africa.
Its dunununa reverse.
The EAZ see RETROGRESSION as a progress
“The Zambian Davos”. Really?
Oh I think you mean economic a.s.s.h.o.l.e.s of Zambia(EAZ). hence this doesn’t surprise me. In a country that has been cadrerized this is not surprising. Even my Swiss wife who facilitated lots of projects in Zambia is now disgusted at the level of corruption and politics of patronage that is pertaining in Zambia. Shame
The World Economic Forum takes great exception at using “Davos” for any economic conferences not hosted by them.Am surprised EAZ don’t know that
How do you know maybe Bo Lubinda’s Russian wife is doing more than your Swiss wife?
jay jay it seems you are out of touch because everyone knows lubinda is married to zambian woman. Let us not start unecessary rumours. You seem out of depth on this forum my friend. get you a hobby or take a break. you will be surprised at how refreshing it is to leave this website for some months. it opens you up to new ideas.
The World Economic Forum takes great exception at using “Davos” for any economic conferences not hosted by them.Am surprised EAZ don’t know that
Firstly, I don’t think anything comes out of the EAZ presidency other than a bootlicking tongue. What is the view of the rest of the Association? Can they provide professional analysis on their position?
secondly, “Zambian Davos”. Really, guys? Have we no pride?
Its uncultured to use uncouth language on public media, dont project a foul mouth that spews like a broken sewer pipe and insults like the dunder head. Yr efforts at humour are a cynical, mirthles flop. Take yr time to learn a few rudiments of irony and not violet civilised peoples sensibilities.
Do you really expect this Soviet trained morron to appreciate irony?
Will lungu finally get a chance to site in front of cameras and answer questions about how the country is doing , where we are headed to. ????
They say It is of no consequence to Vendettas Balance sheet Its only less than a 1% of Vendettas Balance sheet as at 2018
They made the decision to sell longtime having realized their investments which is now being invested in other new mining projects across the globe and particularly Austria and others
Its sad that the Gov has been too slow to implement audit measures and realize a fair return to invest in other earlier of the economy
Its been a clear reap off by KCM the classical case of dealing with Indians
Guptars there
U even insult other countries, who do u spesk for? So anyone trained in Soviet Union is to be despised? If u have nothing better to do than insult u might wish to go fishing in some sewer pond. At the rate some of the layabouts are going, they might just cause a diplomatic stink, who do u speak for, what gives u mandate to insult, condescend fellow citizens and now even foreign friendly countries? Its a no no no preoccupation.
Take it easy @Prudent. It is the Soviet Economic model that being referred to here. This Soviet model actually cast insults on itself by impoverishing half the world that followed its broken model.
The Cold War was lost by the Soviets because of its inherent capacity to fail create wealth at the same pace as the West. Here is Zambia, we embraced this toxic approach and we are still in an economic dip decades later. So yes, the Soviet Economic model and it’s disciples deserves the ridicule.
spot on, agree with you entirely
EAZ trying to save the emperor’s clothes … Kikikiki
Talk of legitimizing the illegitimate.
To some, education ended at learning a foreign language!
I think @ standard brings in intellectual angle. Ok, there were two sytems,ideologiz experience teachz that neithr develment model stood perfect. China good example of this but they changed just 40 yrs ago. Point is you can critisize the old model but it wud be unreasonable, spiteful to use that as whip lash against anyone that went to school 50 yrs later in thz countries. World is continually in state of flux and intellectuals will always argue on facts and avoid slurs on the individual person. We cud lern from Kulima tower boyz, heated topics without ill rancour, surely much more expected from the schooled!
EAZ, whats that? A trib.al concoction?
EAZ, whats that? A trib.al concoction?
I wonder how tribal HH’s blind followers think.Surely can you blame or compare Russian Universities or education to any university in Zambia?Russia is a super power and a developed country.Not even America or UK plays with Russia.Dr.Haabazoka is triained at the best Russian or European University.Your HH only went to UNZA.Check the world ranking for universities and see if UNZA is ranked higher than any Russian university.Please do not expose your ignorance here.Russia is not Zambia(Africa)!!You can laugh at Dr Haabazoka if he got his higher education at a Dundumwezi university and not from a super power – Russia!!!Look,the only crime Dr.Haabazoka has commited to fellow tongas camped in UPND is being closer to president Lungu-SHAME!!
@17 … you have missed two points
1. “not even USA or UK plays with Russia”…If the US did not keep Russia in check, Russia would have bullied the the whole world by now. Isnt this the same Russia which almost tried to obliterate China. If not for the US which told Russia to back off or face consequences, there would be no China to talk about today
(read history)
2. UNZA ranked lower than Russian universities” …At some point, UNZA was one the most highly respected universities around the world. I recall in the 70s,80s and part of 90s, if you are Russian/Chinese/Eastern Europe trained you wouldnt get a job in Zambia that easily. At the time UNZA was more recognised than junk universities from those countries save for now that it is in coma.
I have been waiting for someone to emerge and defend Mwanawasa, unfortunately no one has; not even Jack Kalala or Peter Ng’andu Magande. The KCM sale is very embarrassing, just like the $20M winter maize deal.
The Economic Association of Zambia is within its right to take the stance they have taken.The EAZ advocates for sound economic policies that promote economic development in Zambia by providing input to different government ministries, working groups, and the National Assembly of Zambia on various development programs. Its composed of the best of the very best of eminent thinkers and professionals on matters of economic growth and development. Politics aside, EAZ stance needs the support of all Zambians.
@ Rev. Can you read the crap you posted?
What stance has EAZ taken? Arse or boot-licking?
And you pretend to be man of God? Just go and ask your “anointed” one to give you few pieces of silver instead of pretending to be knowledgeable.
When you have acquired above her expectations,she will come up with cases against you ,file for divorce and you will be deported if you are not a citizen.Marriage is about love and not the skin colour.I have employed a number of white people and that doesn’t me superior because the are also human
According to a circular dated May 17 signed by Southern Province permanent secretary Mwangala Liomba copied to the Regional Formation
Commander, Zambia Army, ZNS commanding officer, regional commanding officer Correctional Services, police commissioner, all district commissioners, departmental and parastatal heads, public workers based in Choma have been directed to be reporting to the golf club every morning at 05:30 hours for the 12 kilometre runs.“As you may be aware, our able and fit, leader, His Excellency the President of the Republic of Zambia and commander-in-chief of the armed forces, Mr Edgar Chagwa Lungu has directed by way of leading by example in his periodic morning runs that Zambia shall be fit. In compliance with President Lungu’s guidance, and the interest of the…
interest of the promotion of wellbeing and fitness levels of all public workers and the general public, the provincial administration has decreed Fridays from
05:30 – 09:00 hours for routine 12-km morning runs to be followed by aerobics,” the circular from Liomba reads in part.
The id!ocy of this PF government has reached astronomical unheard of levels.
It is common knowledge that Habazooka is a bootlicker looking for a govt appointment. EAZ is now just a PF ward!
Very important