The privatization of the InterContinental Hotel and Rainbow Lodge in Livingstone did not meet the required benchmarks of fair, equitable, transparent, competitive, and cost-effective disposal of national assets and should be declared unlawful, illegal, unconstitutional, null and void, says the Young African Leaders Initiative (YALI).
During a media briefing this morning at Mika Lodges, YALI President Andrew Ntewewe raised a number of questions which he said generations will keep asking as to who the actual beneficiaries of the privatized State assets were and what benefit the people of Zambia got from the sale of assets which were built with Zambia’s own money.
The Intercontinental Hotel and Rainbow Lodge whose sale was negotiated by the United National Development Party leader Hakainde Hichilema at the price of US$6.5 million was sold to Sun International Zambia owned Mr. Hichilema and Senior Chief Mukuni, among others.
A few days ago, Mr. Hichilema while answering a question on QFM surrounding his involvement in the sale of national assets that were sold at a value below the normal value of the assets said he was “only 29 years old and the government went to sleep during the process.” But YALI President said it was sad that some promising young people like Hakainde Hichilema who were involved in the evaluation and negotiation for the sale of national assets took advantage of the sleeping government to benefit themselves.
“In the sale of these two properties, according to records from Zambia Development Agency (ZDA) was US$20 million from Victoria Falls Travel Bureau but we learned that our ZPA negotiating team for this transaction, led by Mr. Hichilema, accepted the lowest bid by Sun International, of $5.65m which was increased to $6.5m. While this was a striking drop from the $20m offered by the highest bidder, what was even more striking, even astonishing, was the fact the accepted bid of $6.5m was made by a Sun International whom we have come to learn Mr. Hakainde Hichilema himself is now one of the directors,” said Ntewewe.
Mr. Ntewewe said this is hard to believe and raises a number of questions in the minds of the public whether the negotiation for the bidder was Mr. Hichilema on behalf of Sun International and the seller was the same Mr. Hichilema on behalf of the Zambian Government.
“Was that a negotiation, where both buyer and seller were led by the same person, Mr. Hichilema? What do the courts do when a person accused of benefitting was the person appointed to guard that property? Can we be sure that Mr. Hichilema got the maximum benefit for Zambia in the negotiations when, as a matter of fact, he now has a beneficial interest in the property he negotiated the sale price to the company he is now director?” he questioned.
The organization has argued that the land where Royal Zambezi is situated, directly facing the Victoria Falls from the front and from the back, the former Rainbow Lodge, was perhaps worth $20 million dollars and the addition of the National Park, the value could easily have been $50 million in 1998 for the land and animals in the Park and transiting across the river.
Our negotiating team led by Mr. Hichilema accepted only $6.5 million. This may not be surprising when one is reminded the sum of $6.5 million was being offered by a company in whom Mr. Hichilema now has a beneficial interest as director and the offer was accepted by the negotiating Chairman, Mr. Hichilema on behalf of the seller. It is hard to imagine a more obvious conflict of interest.
The other questions raised by Mr. Ntewewe were whether a sale is considered to have taken place when both buyers, Sun International, had wilfully concealed the fact that the seller was in fact their director. Second, can a sale be considered to have taken place when the seller Mr. Hichilema had wilfully concealed the fact that he was representative of the buyer? In other words, can a sale take place when someone sells to oneself? How does the law view insider trading where a buyer has prior knowledge of the seller’s position? How would the court view Mr. Hichilema’s action as a fiduciary? Can a fiduciary benefit from that which has been entrusted into his/her hands? Was the ZPA negotiating team damagingly compromised by Mr. Hichilema’s position as a Director at the buyer’s company?
Even if that hotel is get stolen by your bandit Lewis Mosho, it won’t help you PF cadres. What has Mtewewe benefited from the stole assets from The Post Newspaper s or the Farms of Costain Chilala?
Go ahead and jail HH, maybe your mother will move in HH’s state house in New Kasama.
Hakainde Hichilema has an explanation to give to Zambians. KBF was right. He broke the law but shouldn’t be arrested. But HH should must explain how he accumulated wealth in a shortwhile than crying wolf. Those assets belonged to Zambians
No one wants to jail Hakainde. Zambians ate asking him to explain the same of our national assets. If he wants to escape accountability now when he has no power, what more the time he will have power. Its ridiculous to even suggest that he is a saint. Him and Mukuni played tricks on Zambians to get our asset. All we asking is truth.
#BALLYNILAZO
These questions will continue to haunt HH and they are same ones which have delayed him becoming President plus his accendancy to the top of UPND on tribal lines. Let’s inquire into the sale and if we truly find #BallyniLazo, then we can just cancel the sale and the properties revert back to the State. Kwamana!
Let a sleeping dog sleep,in whose account was the money deposited.
Hakainde is the one who let the dogs out. But this is the man who also calls others corrupt, he daily calls people names but his skeletons are now coming out. The best is for him to explain and apologise and we move on. I think Kambwili or M’membe can be more trusted with handing out resources than this young trickster
Time to think beyond what you hear from hearsay. Where are more than 500 companies which MMD sold? And what happened to the money?
Let hh just explain . Otherwise all I know now is that he is aTRICK STAR who must not be allowed near STATE HOUSE otherwise all State resources will be plundered. We know hh is not presidential material. a hardcore tribalist, believe in seer 1 praises. CAN’T NEVER BE A PRESIDENT! BIG PERIOD!
@Nostradamus, you are clearly veering from the above stated queries. Mr. HH must extricate himself from these serious assertions. It’s immensely disturbing to learn that a person aspiring for the most crucial job in the country is being associated with stealing from the people that he so much craves to serve.
If only Mr HH would come clean and put this case to bed, he would ultimately do a concession to many Zambian minds whom by this time must be thinking of him as a person who is only after enriching himself at whatever cost. Sir please, prove to the people that you deserve their trust.
@Ethics, HH did you a favor by stealing your father ‘s condoms the night your mother got pregnant. If it wasn’t HH’s theft, you could have been discarded in that condom.
Get a life, go help your father, don’t waste time to fight HH. All HH want is to help you improve life of your father, that’s all.
So that’s what happened to you
It sad the level of ignorance. Sun internatiol of South Africa bought the hotel and HH are not share holders. Ubututu. Don’t endanger Zambians working down south
Ntwewewe yaps… There is no case…. you are making HH popular…. decampagning his EXCELLENCY… have hard facts or strong evidence against your friends enemy otherwise you Will be regarded a hired gun
Nostradamus (more like sir dumb ass). Please address the question that Ethics raises.
It is very questionable and clearly fraudulently that HH did not disclose that the price he was favouring was from a company he held shares. He should have stated that fact and recused himself.
To refuse an offer of 20 million and advice to sale for 6 million in a company he is a shareholder (without reviewing that fact) is immoral and against the law.
HH simply needs to explain himself here.
Bally ni Lazo. HH’s conduct leaves too many questions unanswered
HH must own up. He has been calling his friends corrupt and thieves and now the tide has turned on him and Mukuni. Those guys duped our country and wants more power so he can finish it off
@Nastradamus, it’s clear that you are above my intellectual abilities. Your trend of thought cannot be construed by the like of us who ardently aspire to attain the zenith of imminent citizens like you. Sir, pardon my ineptitude and overlook the discrepancies in my perception…
@ John Mutale. A cursory glance at PACRA will review who the shareholders at. Hint, HH is one of them.
Hakainde owe Zambians an explanation. The best he can do is explain now rather than make this false cry that they want to arrest him
These people are coming up with all these assumptions and they have no idea of the terms and conditions that were set them. Stop these imaginary values and besides even if someone paid 10 billion dollars for it, that money would have ended up in the pockets of politicians. We don’t have the FIC report now, that is what YALI should be concetrating on instead of a 30 year old deal, 4 prseidents had no issue over. Then you a ka small NGO you start barking without proper facts. You don’t even have the sale agreement, but jumbled up information picked up from here to there.
Why is Bally failing to explain this simple issue. Commission of Inquiry is the best route to go. Fraudsters should be examined before they can be entrusted with State power.
Hakainde owe Zambians an explanation. The best he can do is explain now rather than make this false cry that they want to arrest him.
This is the same cr@p that went on in Russia during Boris Yeltsin’s chaotic privatization process just like it was in Zambia. Many millionaires and Billionaires were born overnight in Russia. Fortunately for Russia, Vladamia Putin came in and vowed to clean up corruption and pursue all those who perverted the privatization process in that country and their ill-gotten wealth. A promise Putin has, by and large, successfully kept even to the irritation of Western powers who were hoping to get their “imperialists” dirty fingers on Russia’s vast energy resources on the cheap. As a result, Russia regained most of her economic dignity back. Say what you may about Putin, but he is a true Nationalist who cares deeply about his country’s economic wellbeing, now and in the future. You just…
This is the same cr@p that went on in Russia during Boris Yeltsin’s chaotic privatization process just like it was in Zambia. Many millionaires and Billionaires were born overnight in Russia. Fortunately for Russia, Vladamia Putin came in and vowed to clean up corruption and pursue all those who perverted the privatization process in that country and their ill-gotten wealth. A promise Putin has, by and large, successfully kept even to the irritation of Western powers who were hoping to get their “imperialists” dirty fingers on Russia’s vast energy resources on the cheap. As a result, Russia regained most of her economic dignity back. Say what you may about Putin, but he is a true Nationalist who cares deeply about his country’s economic wellbeing, now and in the future. You just…
(HH) sought to enrich himself through greed and corruption. Zambians cannot trust him with State assets again. We can’t vote for him. He can sell State House. He can sell all the strategic military Baracks.
We are sick and tired of the PF’s fault finding of HH it started from LGBT then they said he is a Freemason the lower Zambezi issue the mines then the fires which destroyed city market the gassing which they wanted to wash on HH and the failed plan of accusing HH to dethrone the Chitimukulu PF government is evil and we are going to leave PF in God’s hands to sort them out because God never fails and this plan now of Sun hotel whoever is involved in fabricating lies God will start killing them one by one mysteriously just wait and see what will happen to the evil ones they sit as a group to plan evil against the poor people God will start striking you one by one you will not live to see the elections mark my comment today and save it somewhere God is not happy with PF.
Listen to the excuse by hh, “…I was 29 years old and GRZ went to sleep…”??? And he decided to steal!! This oval headed thief calls PF and Edgar Lungu corrupt daily yet he is very corrupt himself. He lies to Zambians daily that he speaks for them and want to imrove their lives yet he just wants to finish off the job he stated back then-he wants to come and sell ZESCO, ZAFFICO etc to himself!!!
We are sick and tired of the PF’s fault finding of HH it started from LGBT
HH personally took UPND to be affiliated with an African Liberal Movement that supports LGBT. You want to blame PF. We sick of dunderheads from UPND who think HH is a saint. His hands are dirty on the sale of our properties.
HH is not a god who cannot be questioned. Let him just answer the questions
We have a thief in state house despite having been warned. We’re about to elect another thief into the same state house despite the warnings. Two wrongs don’t make a right! Removing one thief and replacing him with another ain’t right. Those who failed to prosecute him were most likely eating with him. For example Nawakwi had Carlington deals, Kambwili had the whole rail line to himself and HH and Sun Hotel… and the list goes on. Even the Chief Justice was in it… those are the kind of people you didn’t expect to go after HH. HH has some serious explaining to do, period! Umulandu taubola!
It appears everyone has skeleton in the closet. This privatisation thing is reason I never will vote for HH. This man is not clean. He made most of our lives difficult.
What’s more sad is when you go bena Mukuni, they literally live in poverty and get their Chief drives a limousine, the proceeds from the Hotel stolen from the Zambian people. This is immoral where u drive a limousine and yet your people are suffering in the villages
Let Hakainde explain when he become director in Sun International Zambia and also when the sale was negotiated to Sun International Zambia. Those of us in UPND are not helping HH by defending this with venom. All which is required to put this behind is an explanation.
Let Hakainde explain when he become director in Sun International Zambia and also when the sale was negotiated to Sun International Zambia. Those of us in UPND are not helping HH by defending this with venom. All which is required to put this behind is an explanation..
I’m not a fan of HH but in this case I will defend him. If there are people who should be questioned about privatization of state assets it is the MMD government of Frederick Chiluba of which Edith ‘legana sausage’ was a part.. That government was preaching privatization throughout their tenure of office. If HH made himself rich from the sale of state assets, amen to that. Where was the government? They went to slumber? This is nothing but a gimmick to bring HH down. Tamwakwanishe
The only way for this debate to stop is for Hichilema to explain how he acquired the wealth. You can’t just become rich after negotiating the sale of assets. Its unacceptable when majority are people who worked in those companies dying and not getting anything
And the theft of K36000 from a widow and even barred by LAZ. For HH, it is an allegation, for your President ruling now it was a conviction, even the practicing licence was gotten away from him. So what are you talking about, we have not even come to the asset movement from 2m to 23m in a single year for Edgar. YALI will deliberately not see, money money money, and what it does
WHO is the owner of the 48 miracle houses
48 miracle houses
Had PF been working, they were not going to panic like this now that we are going towards election time. Since their fortunes are completely down, and their friends fortunes look good they will use spineless organizations like YALI and that Peter Chanda who has never ever said anything in life about his own party to throw mud at HH. But this is African politics, they come with a lot of primitivity.
Here in Kasama, we are voting for HH. You can even add more assets to hotel intercontinental and rainbow, sorry his vote is still secure here. I hear in Rufunsa they are giving farming plots, an opportunity for YALI to try that and start adding value to the country. I am PF but voting UPND, the beauty of democracy
Where is the corruption when the sale was publicly advertised. People came to the negotiating table if the negotiating skills of HH convinced them to give the asset to him is that his problem? That 20 million dollars bid was for both Lusaka and Livingstone properties but the bid for sun international was only for Livingstone properties which conditions written by government themselves included 50 million dollars investment which non of you PF surrogates are scared to mention.
Even in the US, General Collin Powel is a republican but after seeing malubish in his own republican party he says he is voting for a democratic candidate. Just like you, I agree that you can be PF but vote for HH just like many are saying. Unemployment is at its highest, no solution at at all but busy attacking their opponent. Wake up and start working, kwacha is gone please
This is a discredited organisation, the directors had issues with donor money. Why don’t we set up a tribunal for that, look who is talking
YALI is a tainted organisation. I have never heard YALI talk about the FIC report, the fire wheel barrows, the ambulances, the mysterious 48 houses. All YALI does is competing with Kamba for attention. It’s too late, people have already started casting votes in their minds. Does YALI know anything about inflation and what it means and who is supposed to sort the real issues
Few facts here the Sun Hotels were sold 6 years ago to Adani , is there proof HH had shares with SUN hotels or Sun Intl. which owned the 2 at the time. what is also interesting to note is both hotels were nationalized or stolen by KK in the 1970’s so never really was owned by the Zambian Gov’t.
The Sun group may have got the land cheaper but have invested millions in building, training, and paid ZRA tax over the years unlike the mines and put Livingstone on the map. In 1998 tourism in Zambia was nothing, also in 1998 Livingstone airport and its runway could not even land a 737 aircraft.
no one back then would have paid $20 million and if so who was it?
The new hotel that NAPSA wants to build in the park in 2020 that takes more land than Sun , how much are they paying the gov’t for…
My Fellow Zambians and UPND in particular!
The questions being raised now are very important. Let no politician use you to support them because when the take over the instruments of power, even your matero kantemba will be privatized and you will only realise when you become a tenant. Let us be sober and choose people who will not go there to enrich themselves. If ECL has failed , it will be criminal to replace him with a person with questionable history of theft. Let get some other Zambians with clean record, tribe does not matter wheher LOZI, TUMBUKA, TONGA, LENJE , BEMBA, NGONI etc
MMD inflation 6% PF 16%
MMD dollar K6 PF K20
MMD fuel K7. PF K15
MMD mealie meal K30 PF K150
MMD reserves 4billion PF 1 billion
Kwacha now second worst performing currency in the world. And YALI is still at intercontinental hotel instead of telling their friends to start working
continued- the land.?
con’t- the land
If HH is both seller and buyer negotiator, who is aspiring for presidency, then we have a big problem in our hands. Once beaten twice shy.
This is just a waste of precious times; HH is not the problem in this matter, its the gov’t of the day that blundered, not only on Inter Continental hotel but many other national assets were sold out cheaply and with no accountability (mines, council houses, etc). That is why we need people who understand business and can negotiate, intelligently because a nation is now run like a business conglomerate – Look at the US President Trump; he had to renegotiate many business deals when he assumed office and it worked well for American (many jobs were created, stock markets surged, strong economy, etc). I know it is election times, let’s talk about issues not people. Small minds discuss people, Medium minds discuss things and Great minds discuss ideas.
God bless Zambia!
Bally is a lazo. But don’t arrest him says KBF. The law of the jungle. The bigger you are the better
Letting this go will set a bad precedent that it is ok to steal as long as you become too rich to be prosecuted. Dr chilufya went before courts. What is special about that boy HH. Instead of enjoying his Ill gotten wealth in silence,the boy decided to join politics due to his insatiable appetite. Now the chickens have come home to roost. Koko likooooooo
HH NI KAWALALA…# BARRYNILAZO!
HH NI KAWALALA…# BARRYNILAZO!
Kikikikikikikikiki…..PF Cadres on LT are panicking and doing so on a platform that has no impact on what is coming in 2021….Focus on the YOUTH….Register as many youths as possible in your STRONG HOLDS…Its the same YOUTHS that will deal with U……PAID CADRES OF PF , YOUR YAPPING HERE WILL NOT CHANGE ANYTHING,,, YOU ARE JUST MAKING UPND POPULAR AND DISTRESSING ONCE A VIBRANT PARTY PF …We still need PF Back to where it truly belongs = OPPOSITION
Pf never ceases to amaze, this is a sitting government but in the cover of darkness rush to YALI to assist change their fortunes, niyokosa khendulu, muyenda. There is no chance. And who is looking at the mysterious rise of Edgars record breaking assets from 2m to 23m in one single year. Dear YALI, ever heard of this?
Sun International is an International Hotel Chain. Its the one which bought the Asset and should be asked to issue a Statement on this acquisition. HH is only a Non-Executive Chairman of Livingstone Sun International and has no shares in the Company. So where is the conflict of interest and what did HH steal? The Principle of Administrative Justice requires that HH be given his right of reply. HH is innocent until proven guilty in a Court of Law. Period.
So the educated minister of finance at that time didn’t know how to count to know that $6.5 million was less than the $20 plus million ? Amazing , now I know why our economy is in such a mess (lol)..
Thanks Yali, is it possible that when you are petitioning the Chief Justice over privatization you can also petition her on your issue where donors accused YALI of lack of accountability of the money they pushed in your organization. But also Chief Justice may delay your petition as she has to start with the forest 27 petition brought about by concerned conservationists.
it seems someone didnt sleep replicating and making email address to sound like the tide is against HH wala he is the incoming President
Somebody needs to advise YALI to move from a talking shop to the original ideals of their organization like grooming young leaders but of course this is far fetched, looking at the questionable caliber of their leaders. And from the trends, they are supporting a failing government on everything including bill 10, are they a government wing. Some of us will remain PF but also will remain very objective, if my party PF is a failed project where all visible economic indicators published by the government themselves are in negative, how can I support that, that would be irresponsibility. The decline started way before COVID. The transformation of YALI from an NGO to a ward of PF is very strange, need to check the motivation behind this though it is known anyway
Oh how I miss the real objective YALI of the past. Terrible what hunger can do
Admittedly there were flows in the privatization programme but what is not agreeable is putting all the blame on HH alone. The government of the republic of Zambia should accept that they bangled the privatization programme. It is not a secrete that almost every one who had a position of influence in this programme benefited in one way or the other. Nawakwi is on record admitting that HH convinced them to accept the lower bids. This means there is nothing HH did in the dark. Whether you like it or not, HH is a shrewd businessman who knows how to play his cards right. Let the Zambian Government state the offences which HH committed and they should explain why such happened right under their nose. This is the problem with the Zambian political establishment where who ever has some financial…
Once vibrant YALI, reduced to a PF branch. How sad. What money can do. Yanjokola njala, another Antonio Mwanza story
How can the whole privatization hinge on one man. What type of cheap thinking is that
The fear of HH winning next years election is the beginning of the privatization talk. Period
No No No!!!!!!!!!! People are just malicious and I wonder why they are not finishing that transaction. US$6.5m came with a US$50m reinvestment. which required demolishing and construction of the existing hotel, Plus workers retention and new job creation. That’s why Kwanakwe’s team agreed to the bid. A new hotel was built in Livingstone and the old demolished. it remains to be explained either HH’s board membership on sun intl. hotel was for personal monetary gain or local representation. Am sure he will explain himself. but one fact for sure, he didn’t render free services and his firm was paid. which in turn paid him either a divided or salary. Since he was a partner or employee as we are told, which ever was obtaining at the time. So, to crucify HH, over an opportunity of making…
John McCain’s finest moment came in 2008, when a woman at a rally referred to Obama as an Arab. “No, ma’am,” McCain replied. “He’s a decent family man, a citizen that I just happen to have disagreements with.” That’s manning up.
Zambians are not patriotic in the sense that Valentine Chitalu sold Chilanga Cement Ltd and other Indeco companies at cheap prices. So in 1995 CDC took over Chilanga Cement LTD then within five years CDC sold the same company to Lafarge in 2001 from there in 2015 Lafarge sold some of its shares to Holcim and changed its name to Lafargeholcim. Today LUSE don’t know about Holcim, all they know is Lafarge if you read the SBZ newsletter.
Mwayasha mulilo ba YALI. Mwalikosa guys. They wanted to finish u off but u still standing. Hats off. Anyway let HH just respond and we move on. Insults won’t do and claims of killings won’t do
CHALO NKHANZA Please check your facts
MMD Poverty levels 90% PF 54%
MMD Minimum wage K1, 500 PF K 6,000
MMD Vehicle numbers in the country 95,000. PF 600,000
MMD maize production 1.1 metric ton, PF Bumper Harvest 3.5 MT
MMD reserves 4billion PF 1 billion (Under MMD no infrastructure development to talk of save Pedicle Bridge and Ndola’s Mwanawasa Stadium and few malls but under PF, Link Zambia 8000 Roads, Schools, Clinics, Hospitals, Bridges, Housing malls, Varsities etc, etc are there for all to see)
Kwacha is amongst 12 Strongest Currencies as at today’s rate in Africa.
UMULANDU TAUBOLA, DON’T THROW STONES IF YOU LIVE IN A GLASS HOUSE, the old adage says.
LET, HH Just exculpate himself. (MAGANDE should as well shed some light on 26m Dollar sale of KCM instead of 2. Plus Billion…
this is all rubbish..this ka ntewewe..is this guy Zambian or Rwandese or Zimbabwean or malawian..?where were these maggots 25 years ago and when we had the great leader Mwanawasa?
As a founding member of YALI I am not impressed with the partisan stance our leaders in YALI have taken. This is not what we agreed when we were forming this association. I am now calling for an extra ordinary AGM which should also be an elective congress
This is real desperation from the PF and its minions.
First they tried to convince Zambians that HH sold the mines….FAILED
Accused HH of taking his Kabulonga House from LIMA BANK….BIG LIE and FAIL(The house was legally bought from TBZ)
Now they have moved to the Hotel in Livingstone.
Why is the PF so afraid of HH and Chishimba Kambwili?.
They seem not to fear Kalaba, Nevers Mumba and the others.
What infrastructure development when people are starving. Shaa…
Economy is the nation anyone who plays with the economy of the nation he is playing with people’s lives, HH can not say anything how ever he said they were sleeping what more do you want him to say.
He has judged himself that he did what he did and you can see the product of his craftiness.
Now what remains to take back what he stole to the Zambian people that is all.
No sacred cows!
Law breakers ought to face the law.
If judgement says jail, so be it.
When you put him in power, *yawn*, owe the nigga pompwe will cry ” the Zambians got sleeping“.
Tufyakwa, we shall not blink at all.
H² nipompwe munshibila nsala (Kleptomaniac).
Mukuni nao ni pompwe munshibila.
Nyewewe, just concentrate on the failed bill 10, it’s possible you may not have been born when the deal was being cut!! If the deal did not go through you sponsors would not have been opening the falls!!i in business you can give up $20 m for future $2 Bn industry which is in Livingstone now….so think before you expose your ignorance!! Typical pure fulls (PF) surrogate wanting to eat in the moment without looking into the future!!
If HH did con ba minister Nawakwi
Then ba minister is to blame.
Like in the days of KK the conman
Told KK he could make oil from
Grass .Same story so how did HH
Convince the entire cabinet.
The people asking for HH to explain are all very dull. Where do you want him to stand to begin giving you answers? PF controls ZNBC. Give him the platform every sunday on ZNBC. Quiz him and allow everyone with questions to phone in and get answers otherwise shouting from the terraces asking for answers from the poor man at the same time denying him the media to respond to is been DULL and stupid. .
This Zambian culture of not reading is becoming so serious that people in power use it to feed you with half the story and off you go ranting like a mad person in support of what you don’t know. It is not always the highest bidder who wins the sale when there are several other conditions involved in the sale package. A relatively low amount upfront but with attractive long term sustainability factors can be a better deal. If HH is a thief, he is a benevolent one because his deal is beneficial to many. A typical lazo doesn’t think of others’ future.
@ Chiza Chirwa, HH is not a shareholder at Sun. He is a non-executive Director. Very big difference mune.
Yeah, yeah! Zambia in the SUN. It’s now burning.
IBWA IWE
Yeah, yeah!!! Zambia in the SUN. It’s now burning.
I can see that some people are not aware of the kwacha is peforming because it’s not even on the top five worst performing currency in Africa the country’s with worst performing currency are LIBERIA, ANGOLA, GHANA, SIERRA LEONE AND MAURITIAN and on the top ten it’s not appearing