President of the Economics Association of Zambia (EAZ) Dr. Lubinda Haabazoka has said those who championed the privatization of national assets should have apologized to late Zambia’s first Republican President Dr. Kenneth Kaunda whilst he was still alive.
Dr. Haabazoka said perpetrators of the privatization process in which leader of the opposition UPND Mr. Hakainde Hichilema played a key role destroyed that which Dr Kaunda created with so much sweat.
Mr. Hichilema reportedly enriched himself using dubious means at the expense of the majority of Zambians during the privatization process.
Dr. Haabazoka said individuals in question sold over 225 Companies that were immediately shipped out of the country.
“Whilst he is still alive, we should apologize to President Kenneth Kaunda for having destroyed that which he created with so much sweat…Insulting him and humiliating him in the 1991 polls, we went on to dismantle airlines, ZCCM and many companies that he created to provide jobs upon completion of school, college or university,” he said.
“We blamed him for our economic problems and paid a blind eye to the fact that he was fought by international forces that hated socialism, humanism, and African control of mineral resources!!! Instead of standing by KK, we allowed and aided international forces to defeat him!!! We sold over 225 companies that were immediately shipped out of the country.”
Dr. Haabazoka said it had to take Micheal Sata in 2011 and His Excellency President Edgar Chagwa Lungu in 2015 to restore the dignity of the founder of the nation from 1991.
“I lived under KK and I can attest to the fact that patriotism and love for one another was the order of the day!!! We produced most of what we consumed and had destiny over our resources,” he said.
“In order to remove control over the pricing of copper on global markets, KK mobilized the whole world and formed an OPEC-like organization called CIPEC. The Intergovernmental Council of Countries Exporters of Copper (CIPED) was created in 1967 in Lusaka with the objective of coordinating policies of the country members looking for growth in the revenues coming from copper.”
Dr. Haabazoka also mentioned that the mess created by privatization has created a huge gap in employment opportunities because many were sent to the streets and newcomers were not given jobs.
He added that Zambia created youth retirees in the 90s and sent economically active citizens into destitute while a few shared leftovers and became midnight millionaires.
“Those that misled us on Kaunda and guided privatization should apologize to us and also to our Founding father!!… International Institutions that guided privatization should not be listened to and only the national agenda should take center stage,” he said.
“We owe KK an apology!! He built a nation that was surrounded by countries either at war or under colonial rule but managed to feed us!!!”
Useless Russian trained economist can’t even advise lungu on economic issues,
watching while the Zambian economy is on its knees and all he can talk about is past glory ????
Communist economics at work…….
People are unemployed and hungry now, and all this so called ecomist can come up with is 30 year old privertisation ???
@Spaka-how do you have jobs without industries???
On spot, Dr. Haabazoka. MMD came and wiped out our industrial base and lied to us that investors will employ us. Those investors looted the assets in these companies and left us to dry. Today, our youth can’t find jobs. UNIP left the stage with 50% employment and MMD maintained and left it at 10%. Upnd wants to bring back IMF policies and finish off the job MMD started. PF has started a good policy of GRZ owning strategic assets not investors.
Privatisation started under KK himself. Eagle Travel, a government-owned travel agency was the first company to be privatised and was sold whn KL was still president of Zambia. Where’s Eagle Travel now?
ZCCM DRIVEN INTO THE GROUND BY FRANCIS KUNDA
CBC BANKRUPT
MWASENSI STORES BANKRUPT
THE LIST IS ENDLESS
THE READING SHOULD BE FROM RICHES TO RAGS FOR THAT PERIOD
Aba nabo bapuba just shows how desperate PF are they know they ain’t got this time to win the elections hence they are trying every trick amd scheme in the book. What has this association done for Zambia other than to be a puppet of the government of the day. Who are you fooling Haabazoka?? We know PF are using you. KK knew that HH is a free man. While alive, KK would have called HH on it and questioned him as to what happened to ZCCM…? No he didn’t why because HH is a free man in all this. So stop the rot Haabazoka. Just stop the nonsense.
Aba nabo bapuba just shows how desperate PF are they know they ain’t got it this time to win the elections hence they are trying every trick and scheme in the book to woo voters. What has this association(EAZ)done for Zambia other than to be a puppet of the government of the day. Who are you fooling Haabazoka?? We know PF are using you. KK knew that HH is a free man. While alive, KK would have called HH on it and questioned him as to what happened to ZCCM…? No he didn’t why because HH is a free man in all this. I’m sure KK knew the truth. So stop the rot Haabazoka. Just stop the nonsense.
Especially HH, he should even return what he stole.
Very correct. Now today the privatisation guru HH has the audacity to tell us we should vote for him. No way should we allow him to come closer to the corridor of power. Hh and his fellow cronies must be rejected.
We are talking about something that happened 30 years ago, when we should be taking about Edgar China Lungu and his horrible thieving PF government selling off the country to the Chinese! ZNBC is now Chinese, several mines are now Chinese, thousands of hectares of land are now Chinese, before the end of the year Zesco will be Chinese…. Do I need to go on? PF: Lying about everything, not delivering anything!
Lubinda Haabazoka ought to know that privatization was a program that was recommended by Brentwood economists. We know that the Brentwood institutions are the sponsors of UPND and Hichilema. Up to now they’ve failed to account for the proceeds from the sale of companies. When KK asked them about the money from the sale of companies at a public meeting in Kabwe, they grazed his forehead with a sniper’s bullet. They’re ruthless
SO SHOULD THE SATA FAMILY RETURN WHAT HE STOLE
IF THIS IS THE BLAME GAME YOU WANT TO PLAY
Ayatollah
YOU TALK CRAPE
THEY WERE ALL INVOLVED
And this man is a President of a unbiased professional association of Economists ….really laughable…Sata was right when he said educated Zambians are the most biggest cowards!!
This Man is a PF Cadre disguised as an Economist. The Soviet Economics he learnt in the USSR Block is now irrelevant. On August 12 as Zambians vote for change it will be interesting to see what becomes of this voodoo Economist. He must retire to the PF Secretariat and preach voodoo Economics there. This Man has tarnished the image of an Economist. After August 12 we wonder what will happen to: “Ubomba Mwibala Alya ifya Mwibala Alya ” PF Team? Time will tell.
THE LEARNED DR HAABAZOKA ONLY PIN POINTED ONE PERSON ON THE PRIVITISATION PROGRAMME HH WHERE DOES HE LEAVE THE LATE WILLA MUNGOMBA, FRANCIS KAUNDA, VALENTINE CHITALU, RONALD PENZA, EDITH NAWAKWI, ENOCK KAVINDELE MINIMUM 15 INDIVIDUALS, WHY ZERO IN ON ONE PERSON IN THE NAME HH WHEN THE ZCCM PRIIVITISATION CHAIRMEN WERE INITIALLY WILLA MUNGOMBA AND LATER FRANCIS KAUNDA.
Very wise man. But we all know that the f00Iish boy hh can never apologise because he is an arrogant m.b.o.l.o.
Is our nation celebrating lies?
At the time of privatation ZCCM was losing $1million per day,no investment, UBZ was a shell,Mwaiseni had empty shelves.
Travelling was a nightmare.
What could Zambia have done?
Lima Bank was brought under by unpaid loans.The state was pumping little money in dead companies,the result? Foreign exchange shortages,no essential goods the country was literally on it’s knees.
HH wasn’t in government, this was spearheaded by MMD.They we’re failures but also successes
Why should Habazoka tell lies with a straight face?
HAKAINDE HICHILEMA should never be voted into office….he will auction Zambia…..he’s worse than PF bandit President Edward Chagwa Lungu
HH was not at Zambia Privatisation Agency (ZPA) neither was he in Government. HH is a FREE MAN and these smear campaigns will not detract him.
agree HH should apologiize for selling Zambian companies.The only way to develop is to create your own campanies..Foreign investors have no interest in the country apart from profit and twisting govt when they demand something.HH is a wrong person to manage this country.The man is puppet.He is muzungu anikonde.He suffers from inferior complex and he should never be allowed to run this country.He thinks abasungu can help him manage the country.He should ask MMD what happened after they sold mines.KK was respected and Zambia was known by great leaders bcoz he never entaterned nonsense.Basunga have seen what PF is doing and is good for Zambian people but they don’t like it bcoz they are controlling Zambia.Please Zambia HH solld mines and never even allow him.
The privatization ghost will not only prevent HH from becoming president of Zambia but also follow him to the grave. The devil himself will award HH a gold medal for a Job well done. A lot of people died during privatization. How do some people leave with themselves?
Privatization was a government program. It only shows how *****ic and doggish people can be to think that and individual can sell a government property. Why was the public not fed about that information not until he joined politics.
Forgive him, he was too young during the KK error. He has not read history and doesnt even know what heppened world over when the Soviet Union disintegrated.
This Man is a Voodoo Ecomomist and a PF Cadre. Habaazoka should be the Head of Voodoo Economics at the PF Secretariat. The Man is surviving on PF Corruption and Patronage. He is part of:”Uubomba Mwibala Ifya Mwibala Alya ” PF Team. He is worried of the outcome of the August 12 Election. The majority of Zambians are crying out for a change of Govt in Zambia. We hope HH and UPND Alliance will be elected to Power. We wonder what will happen to this Voodoo Economist? He will probably retire to the Voodoo Economics Dept at the PF Secretariat. Without looting State resources PF will die a Natural death. The writing is on the wall.
The other day his Excellency the president of the republic of Zambia Dr Edgar chagwa Lungu was telling the Zambian people to emulate FTJ Chiluba and a number of “KANDILES “like the very foolish fool Habazoka were nodding their rotten heads in support of the out going old fashioned president ati yes yes………..isn’t Chiluba the very LAZO who sold the companies?????
Can a person come just from nowhere and start privatizing companies without the consent of the government???
Does it mean that there was no government by then for HH just to come like what the KAONDE people may call KUSWATUKATU MUNGYE NE KWIYA MUKUPOTESHA MIKOTI……..Does it make any sense in the head of you HABAZOKA?
YOU ARE VERY USELESS MR ECONOMIST.
All i can say…
This is the level of a PhD from Russia
On this so called privatization ‘ghost’ why didn’t these people vent out their anger on Frederick Chiluba as he was the overall boss and final decision maker of everything at that time? I think they should leave HH out of that mess
We all have a story to tell if you are a product of UNIP. Stop procrastinating and do what’s right. We have history on our side to teach us what can work and what can go terribly wrong. Zambia is heading for disaster if we continue with the current attitudes. Please bring sanity and professionalism back to this beautiful country of ours called Zambia. This get rich quick at any cost will cost us and future generations. KK was given a glimpse of the fruits of his hard work by God. God allowed him to see his vision but refused to show him the destruction of this vision by others. We all need to change for the good of our country.
HAVE WE NOT SOLD TO THE CH*INESE ALREADY
SOME BLOGS ARE PLAIN AND SIMPLY STU*P!D
MOST OF THE DEVELOPEMENT THEORETICALLY IS NOT OURS TILL PAID FOR
Nawakwi who is now a proper PF surrogate should apologize to KK.
She was the Minister of Finance then.
The letters she wrote to the IMF about the success of privatization are available for public view on the IMF website.
I’m surprised she is telling lies about HH
This Habazooka doesn’t even understand the meaning of championing? When a sitting government decides to pursue privatization and invites consultants to help in the implementation of the privatization process, Habazooka calls consultants the champions!! Habazooka should be pursued to recover the PF public money stolen to feed cadres. Habazooka is just a PF cadre and a waste of time!!
m.b.o.l.o. KIKIKI KAIZER AT IT AGAIN
ARE THERE ANY IN*SU*LT*S Left that he hasnt used already
The article is clear, to the point and gives hope for the better Zambia today and the future. Dr. Haabazoka is a thoughtful leader. There is no one or organisation in this world to make Zambia a better country but Zambians. We now understand the reason the South Africa finance minister has adversely commented about our economy. He was clearing land mines for HH on his way to state house. We, the concerned Zambians, will not allow anyone to repeat the mistakes done by MMD. HH cannot apologise for not putting Zambia first and hence he does not deserve a vote. If he has to mourn KK with whole his heart, he should say no to violence and help fight convid-19. As of now, vote PF and ECL for a better Zambia. PF will not leave you behind. TIYENDE PAMOZI.’
Don’t slight Russian education. U don’t run a space and hv a nuclear energy programmes with a mickey mouse education system. I know many Russian scholars especially in science and mathematics teaching in British universities for example. Many Russian scientists hv win Nobel prizes. This is in reply to the “The Engineer”.
Don’t slight Russian education. U don’t run a space programme and generate energy from nuclear power with a mickey mouse education system. Let Habazoka’s personal biases be his.
@GARLIC
YOU ARE A CONTAMINATED SOUL
FREE YOURSELF FOR THE BETTERMENT OF THE COUNTRY
NO ONE CAN DENY CORRUPTION IS AT ITS HIGHEST LEVEL IN EVERY GOVERNMENT DEPT
DEVELOPING ON BORROWED FUNDS IS NOT AN ACHIEVEMENT
WAKE UP BEFORE ITS TOO LATE
RUSSIA IS SLIGHTLY ONLY SLIGHTLY BETTER THAN NORTH KOREA
THEY ARE NO EXAMPLE OF AN EDUCATED DEMONCRATIC STATES
Johan Wind – It is because none of the people that you have mentioned is running for the Presidency. If HH had kept quiet and just concentrated on enjoying his money, none of this would be a topic for discussion.
@ Nemwine
Go check the university this guy went to in Russia. None of the people you talking about came from a rural agriculture university with a PhD in economics and got a Noble prize
Check you facts…. thats why this baboon is clueless but you have a honor of making him head an economic association. You wonder why Zambia has gone to the DOGS?????????
THIS IS A POINTLESS CONVERSATION ANYWAY
MOST WERENT AROUND OR TOO YOUNG TO KNOW WHAT WENT ON IN THE EARLY 60’s
TRASHING INVESTORS ?? THIS COUNTRY CANNOT RUN WITHOUT INVESTORS WELL NOT FOR THE NEXT 50 YEARS
CHOOSING THE CORRECT ONE SHOULD BE A TOPIC
ALL THE PHD’s AND SUPPOSED LEARNED BLOGERS ON HERE
KNOW THIS EDUCATION WITH COMMON SENSE OR LOGIC MEANS BU**GER ALL
The problem with the opponents of Dr. Lubinda Haabazoka’s reasoning is objectivity. The Doc is right. Consider how many Zambians 225 companies would have employed. Further, graduating students and those on industrial break would be absorbed by these Companies. Most of them had large assets abroad for example, Zambia airways and ZCCM and were bringing in Forex.
Neocolonialism in the name of privatization should not be allowed in Zambia again. We must charter our own destiny by running our Mines and companies, and not allow someone saying he will bring investors to improve the country. Foreigners are preoccupied with the development of their Countries hence externalizing the profits.
If HH stole money or sold any companies without the approval of the then MMD government where Ms Nawakwi was Finance Mininster, why didnt the late presidents and the current one arrest him and charge him with theft of govenment property? Please tell us the amount HH stole and the names of the companies.
Before you comment, I advise you to look for the Privatization Policy so that you comprehend the conditions set by the IMF on the Zambian government,
Don’t just comment and expose your ignorance especially if you were either young or not yet born.
This Russian trained economic mercenary does not understand the background of Privatization and should stop apportioning the blame on HH whilst leaving out other people involved. It was not a personal program even if UNIP had won 1991 general elections the program would have been implemented. Habazoka and another Unza Don have tried their best to impress the Power that be for attention in return for an appointment but nothing. So we know your rants and its time for you to start behaving self otherwise you are just embarasing yourself PF has no room for you. We know better which person was involved in which company but talking about something that happened 20 years ago will not create employment for Zambians. As we mourn KK it does not pay to use his name for political mileage, The old man…
The man did not bother to read his history of zambia’ s economy. Assuming they apoligised, some of them have long died, then what? How would that have helped our current messed up situation? Desperation, no job after 12th Aug.
The problem with most of these upnd sponsored bloggers is lack of objectivity. They are unable to engage in a meaningful debate. Dr. Habazooka is merely pointing out facts, but because privatisation of Zambian companies touches on HH, he is called names. So what if he is Russian trained? And who says capitalism is the best for the world? Every economic system has its pros and cons. Russia is a world military power and can match capitalist countries in every department of science. China is a Communist country and yet the world’s second largest economy. Most economists agree that china at its current growth rate is set to surpass the US in the not too distant future.
The US regards Russia and china as the most significant threats to it’s interests. How is that possible if their education…
It is easy to sound smart. There was no other route for Zambia, the real question you have to ask is what your government did with the money it received from the privatization process. Zambia could easily have owned assets in neighbouring countries. Many economists know theory, I am actually surprised how HH is good at business.
THIS DR. LUBINDULA HABAZONKE IS NOT A REAL ECONOMIST EDUCATED IN RUSSIA. HE IS A MERCENARY TRYING TO MAKE US BELIEVE HIS MASTERS ARE HEROS YET THEY HAVE LAMENTABLY FAILED TO DELIVER ON THEIR PROMISED. BLAMING HH IS COMPLETE NOSENSE. THERE ARE A LOT OF PEOPLE WHOSE SERVICES WERE USED IN PRIVATIZATION SOME ARE EVEN SERVING AT BOZ AND NO ONE IS TOUCHING THEM BECAUSE THEY HAVE NO ASPIRED FOR HIGHEST PUBLIC OFFICE. WHAT ABOUT THOSE WHO RIPPED OF RAILWAY LINE FROM NDOLA GOLF CLUB TO LUANSHYA MINE. ARE THEY NOT KNOWN AND MAKING THE MOST NOISE. LEAVE HH AND HE FAILS TO RUN THE AFFAIR OF THIS COUNTRY WE SHALL CHASE HIM OUT FASTER THAN THE WAY WE VOTED FOR HIM. FROM THIS YEAR NO POLITICIAN WILL HAVE IT EASY,, WE ARE GOING TO BE PROACTIVE ON PUBLIC MATTERS.
The president during the privatization process played the KEY ROLE not HH!! Your ability to reason properly is badly compromised. Kansi ni chiani iwe wa chimimba?
The fact of the matter still remains privitazation in Zambia was poorly executed and companies like Chilanga cement and Zambia Sugar didn’t need to be sold to foreign entities because they were cash cows. Even ZCCM just lacked liquidity but was profitable except it was over capitalised in terms of physical assets so what was needed was to find equity partners to push in the much needed liquidity instead of massive privatisation that took place. What happened was simply looting of assets to enrich those that were involved. What was required by those who participated in destroying the industrial base in just to own up it costs nothing and shows people are remorseful over the wrongs they did. Those of us that witnessed what happpened know exactly what this country has lost and no amount…
of justification will amend for the serious underdevelopment that followed the reckless handling of national assets.
I thought this Man was suspended as EAZ President because truth be told, he has his personal agenda while hiding behind a professional body. His views also don’t represent those of all members.
Secondly all those who blame HH for selling those assets should actually blame the late Sata, Nawakwi and other MMD officials who decided the sale of assets and not the person they hired to do it for them. As for Nawakwi and other people making noise here, your days to pay all those DBZ and CEEC loans are numbered.
No wonder why Zambia economy has gone down because of such economists. Can any thing good come out of Dr . Haabazoka. Does the Dr. Understand the difference between a decision maker and consultant, and between a seller and a buyer. I feel pity for students who are taught by Dr. Hasbazoka.
Forgive Haabazoka. His name says it all; he is a snake. All they do is bite innocent people
Dr. Lubinda Haabazoka, is a true example of what happens when professionals are turned into cadres. What makes him more unique and outstanding is that he is a self proclaimed foolish economist
Wise up and stop wasting our precious time with your poor economic analysis.