Wednesday, October 9, 2024
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Mr Hichilema abused the trust and responsibility given to him by Zambia Privatisation Agency-Nawakwi

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FDD president Edith Nawakwi has insisted that the sale of Mosio-O-Tunya Intercontinental, Rainbow Lodge, and National Heritage Park was extremely fraudulent as the leader of the Privatisation Negotiating Team, Hakainde Hichilema, did not disclose that he held shares in Sun International, the new buyer of the Hotel.

Speaking on 5FM Radio with Zach Banda on “Burning Issue”, Ms. Nawakwi charged that Hichilema behaved like a Baboon in a maize field as he abused the trust and responsibility given to him as Zambia Privatisation Agency (ZPA) Privatisation Negotiating Team Chairperson, on the sale of Mosio-O-Tunya Intercontinental Hotel.

She dismissed the assertions that Hichilema’s wealth was obtained through hard work and being smart, as the case of Sun International purchase of Mosio-O-Tunya Intercontinental Hotel has revealed and exposed fraudulent activities.

She says Hichilema remains on the Board of Sun International Zambia Ltd, and this presents a serious legal and criminal issue.

She said such an action would not be legally allowed in South Africa where Sun International is registered.

She said while Hichilema accuses the PF leaders of being corrupt, his conduct in the privatisation process of the Hotel and Luanshya Mines showed that he was more corrupt than any other leaders she knows.

Speaking as former Minister of Finance, she said Mr. Hichilema was a confidence trickster who earns one’s confidence and respect, before he pounced on the government officials.

Government studying revelations made by Edith Nawakwi against HH-Dora Siliya

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The government has said that it has received with great indignation reports that the former chairman for the Zambia Privatisation Agency (ZPA) Negotiating Team, Mr. Hakainde Hichilema, was one of the key perpetrators of extensive abuse of the privatisation process.

In a statement released to the media and signed by Chief Government spokesperson Ms. Dora Siliya, the Government said that it is disturbed by the revelations made by Hon. Edith Nawakwi, a former Minister of Finance in the government that implemented the privatisation of State-owned enterprises, to the effect that Mr. Hichilema, as chairman of the Privatisation Negotiation Team for the sale of Musi-o-Tunya Intercontinental Hotel, Rainbow Lodge and National Heritage Park, literally sold the entity to himself.

“Hon. Nawakwi, through her various media engagements, has categorically stated that Mr. Hichilema failed to declare interest while presiding on the sale of public assets in which he had personal interest, ” the statement read.

Ms Siliya said that the Government found Mr. Hichilema’s conduct, if true, to be a clear case of corrupt practices, bordering on non-declaration of interest, in winning a bid.

Ms Siliya said that the Government was, therefore, studying the matter and was following closely the reaction by the citizens who are the true owners of the property in question and that the nation will be informed of the steps that the Government will take should it become necessary to act on behalf of the citizens of Zambia.

Nkandu Luo launched the Village Chicken Commercialisation programme

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Fisheries and Livestock Minister Nkandu Luo has launched the Simdach Village Chicken Commercialisation programme aimed at improving the livestock sector.

Professor Luo has expressed optimism over the empowerment programme, saying it will go a long way in helping smallholder farmers across the country to own village chickens, thereby increasing their incomes.

Speaking during the event in Chibombo district, Professor Luo emphasised the need for women and youths to get fully involved in livestock production as it is the only sure way to reducing poverty.

She commended Simdach for supplementing government efforts in boosting village chicken production which has available market in the Democratic Republic of Congo and Angola.

And SIMDACH Poultry Farms programme Director Simon Sikabanze said the organisation has so far trained 7,000 small scale farmers in good management practices of birds such as village chickens and black Australorps among others.

Meanwhile, Zambia National Union of Teachers -ZNUT- Director Samuel Nyirenda has encouraged teachers in the country to engage in poultry farming in order to sustain their livelihood.

President Lungu and PF Using COVID-19 to hide their failure to Properly Manage the Economy

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The National Democratic Congress (NDC) has said that Republican President Edgar Lungu is using COVID-19 as an opportunistic scapegoat to hide the ruling Patriotic Front(PF)’s failure to manage the economy leading to Zambia’s current economic collapse.

In a statement released to the media by the party’s Chairman for Economy and National Development, Mr. Franklin Membe, the party said that listed a number of benchmarks, stating that Zambia’s economy started taking a steep dive in 2016 and that, during President Lungu’s tenure, the value of the Kwacha had fallen by more than 100% from K8 to a dollar to K19.50, with inflation shooting up 100% from single digit 6% to 16% today, before adding that even locally produced food items have had their prices rise by more than 100%

NDC said that None of the above failures can be attributed to COVID-19, but poor economic management and institutionalized corruption.

The Party further said that Zambia’s real poverty levels have been largely hidden in Salaula and the socio-economic life of the poor which is managed by the informal sector and that it is the informal sector that has saved PF from experiencing extreme poverty-related deaths.

The party said that when leaders begin to share state coffers to go around handing out cash to the starving population is by itself an admission by the government that they have failed to raise people’s standard of living.

“It is also an admission by PF that the 8 months left for them is not enough to develop the economy and, therefore, the decision to dish out cash and leave an empty treasury. The sharing of loot is extremely irresponsible and a clear demonstration of the PF government’s desire to destroy Zambia’s economy,” the statement read.

Over the years, the party said, Zambia has not benefited from its minerals, because as a country we have no control over what mining companies do with our minerals. Mineral proceeds never see their way back into the country and tax paid does not reflect the true value of the minerals exported outside Zambia.

Government sets 10th of September as Commencement of Phase 2 of mobile National Registration Card

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Phase two of the mobile National Registration Card exercise will start on 10th of September 2020.

Phase Two, which comprises Southern, Western, Muchinga, Central and Lusaka provinces should have commenced on 1st September 2020 but was postponed.

This was to allow for phase one which includes Luapula, Northern, Eastern, North-Western and Copperbelt provinces to complete its 40 days on the 9th of September, 2020.

Ministry of Home Affairs Spokesperson Nephas Chifuta says the Ministry of Home Affairs had initially planned to overlap the two phases to finish the exercise at least 10 days before the ECZ starts voter registration on the 19th of October.

In a statement, Mr. Chifuta said due to challenges of sharing equipment and logistics, the ministry decided to shift the date to commence phase two.

He also said due to unforeseen delays in delivery of some key equipment, the first few days of the exercise in phase one started slowly.

Mr. Chifuta said the ministry will make assessments of the areas that could have been severely affected by the slow start in order to consider the extension of the exercise in the affected areas.

He said the Minister of Home Affairs, Stephen Kampyongo will release the final statistics on phase one of the exercise by the 14th of September 2020.

It’s not the first time that Mr. Hichilema has indirectly insulted women-Mumbi Phiri

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The Ruling Patriotic Front (PF) Deputy Secretary-General Mumbi Phiri has condemned the United Party for National Development (UPND) Leader Hakainde Hichilema for demeaning and dragging women in his political statements.

Mrs. Phiri said that the recent statements by Mr. Hichilema on Ms. Mawakwi clearly indicate that the UPND leader has no respect for women.

Mrs. Phiri has further called on women organizations to rise up and condemn Mr. Hichilema for his continued disrespect towards women.

Mrs. Phiri has told ZNBC News in an interview that women should not be undermined by anyone seeking the highest office in the country.

Mrs. Phiri said it not the first time that Mr. Hichilema has indirectly insulted women through his political statements

On Sunday, Ms. Nawakwi disclosed that the UPND leader told her to in her home in Roma Township that her disadvantage to contest the Presidency under coalition of parties called UDA was that she was a woman, and on top of that she was not properly married

7 Political Parties Validly File in Nominations for the Upcoming By-elections

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The Electoral Commission of Zambia (ECZ) says 11 candidates from 7 political parties validly filled in nominations for the upcoming Mwansabombwe and Lukashya parliamentary by-elections set for September 17, 2020.

The Commission has also disclosed that the majority of the Local Government by-elections in 12 Wards will be contested by the ruling Patriotic Front (PF) and the United Party for National Development (UPND).

ECZ Public Relations Manager Margaret Chimanse said in a press statement released to ZANIS in Lusaka that the PF, UPND, MMD, NAREP, United Party for Prosperous Zambia (UPPZ), People’s Alliance for Change (PAC) AND Leadership Movement (LM) all had their candidates declared duly nominated for the parliamentary by-elections.

Ms. Chimanse said the PF has fielded Kabaso Kampampi and George Chisanga in the Mwansabombwe and Lukashya respectively polls while the UPND has settled for Sunday Maluba and Davies Mulenga for the two vacant seats.

The UPPZ has fielded Josephine Chama and Samuel Kabungo for Mwansabombwe and Lukashya by-elections while the LM has put its faith in Jason Mwanza and Brown Sinyangwe.

Former ruling party MMD has decided to only test the waters in Lukashya Constituency where it has fielded Christopher Kabwe , while PAC has Bwalya Chimponda in the same contest.

NAREP has decided to only contest the Mwansabombwe seat and has fielded Victor Musangu.

Ms Chimanse disclosed that 10 of the 12 local government wards in seven districts on the Copperbelt, Lusaka and North-western provinces will be contested by the PF and UPND.

The ECZ announced that the Economic Freedom Fighters Zambia-EFFZ is the only party to challenge the PF and UPND in Ward by-election for Mushingashi Ward in Lufwanyama District after it fielded Rayson Mukabila while the ruling party has Collins Hamwiibu and UPND has Matela Mwashi.

In Kasanta Ward in Lufwanyama District PF candidate Florence Kayimana, is the only duly nominated candidate for the local government by-election.

The Mwansabombwe and Lukashya Parliamntary seats fell vacant following the death of PF Member of Parliament Rodgers Mwewa and Independent Lawmaker Mwenya Munkonge respectively.

The 12 Local Government Ward by-elections arose following the defection of councilors from their parties to join other political parties.

President Lungu has no power to appoint acting BoZ Governor – Sishuwa

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PRESIDENT Edgar Lungu’s appointment of Dr Francis Chipimo as acting Governor of the Bank of Zambia is not supported by law, argues University of Zambia lecturer Sishuwa Sishuwa.

Dr Sishuwa has advised Dr Chipimo, who is Bank of Zambia deputy governor for Operations, not to take up the appointment, warning that he risks being prosecuted in future because he lacks authority to exercise the functions of the governor.

Last week, President Lungu appointed Dr Chipimo to serve as acting BoZ governor, pending Christopher Mvunga’s ratification by Parliament.

On August 22, President Lungu dismissed Dr Denny Kalyalya and appointed Mvunga as BoZ governor subject to ratification by the National Assembly.

But in an interview with The Mast yesterday, Dr Sishuwa challenged State House to point to any law that empowers the President to appoint an acting central bank governor. He argued that both the Constitution of Zambia and the bank of Zambia Act do not give the President such powers.

“The office and functions of Governor of the Bank of Zambia are established by the Constitution. Article 214 (1) of the Constitution of Zambia states that ‘There shall be a Governor of the Bank of Zambia who shall be appointed by the President, subject to ratification by the National Assembly, and who shall be (a) a citizen; (b) a person who has specialised training and experience in economics, finance, accounting, banking, law or other field relevant to banking, as prescribed; and (c) a person of proven integrity’. It then states under sub-article (2) that the Governor shall be the Chairperson of the Board of Directors of the Bank. The functions of the Bank of Zambia are set out in Article 213 of the Constitution and are conferred on the Board of Directors,” Dr Sishuwa noted. “There is no provision under these Articles or any other Article of the Constitution that allows the President to appoint a person to the position of Governor on an acting basis. The question is, where did President Lungu get the power to appoint Dr Chipimo as acting central bank governor?”

He said no legislation confers power on the President to appoint any person as BoZ governor in an acting capacity.

“Other provisions relating to the appointment, functions and tenure of office of Governor of the Bank of Zambia are provided for in the Bank of Zambia Act. Section 10 of this Act provides for the appointment and functions of the Bank of Zambia Governor. It states in subsection (1) that ‘Subject to section fifteen, the President may appoint for a period not exceeding five years a person with recognised professional qualifications and experience in financial and economic matters to be Governor of the Bank and the President may re-appoint the Governor upon the expiry of the Governor’s term of office’. This section also provides that the appointment of the Governor made under it shall be subject to ratification by the National Assembly, and that the Governor shall be the Chief Executive Officer of the Bank and shall be responsible to the Board for the execution of the policy and management of the Bank. It further states that the Governor may, with the approval of the Board, delegate any of his functions or powers to a Deputy Governor, or any other staff of the Bank,” he noted.

“Section 11 provides for the position of Deputy Governor and the functions of the office. Section 12 provides for the Board of Directors in which the functions of the Bank are vested. The Board of Directors ‘may delegate to the Governor such functions as it considers necessary for the better administration of the Bank.’ What is crucial to note is that the Bank of Zambia Act does not give the President or the Board of Directors the power to transfer or delegate the functions of the Governor of the Bank of Zambia. Further, the Deputy Governor as established under section 12 is not expressly empowered to perform the functions of the Governor in the absence of the Governor or in acting capacity. Please ask State House to cite the law that empowers the President to appoint an acting central bank governor.”

Asked if President Lungu may have used powers conferred on his office by the Constitution, the UNZA researcher disagreed.

He said the executive functions of the President are stipulated in Article 92 of the Constitution, none of which gives the office the power that President Lungu invoked when appointing Dr Chipimo.

“In any case, the statutory functions Act Cap 4 of the Laws of Zambia, expressly prohibits the President from delegating or transferring statutory functions which are conferred on any person by the Constitution. Section 6 (1) (a) of the statutory functions Act provides that ‘The President shall not transfer any statutory function conferred on any person by the Constitution.’ The prohibition also applies to delegation of statutory functions which are conferred to any person by the Constitution (Section 6(2)(b)(i)). The rationale for this is to limit the powers of the President,” Dr Sishuwa said. “Zambians have elevated certain important positions and functions to the Constitution to protect them from undue and political interference by the President or the Executive. The Constitution sets out the qualifications of the person to be appointed as Bank of Zambia Governor. The appointment is subject to ratification by the National Assembly which provides a mechanism for control of the executive power.”

He said being a constitutional office, the bank of Zambia Act does not envisage that the office of governor of the central bank or its functions should be performed by a presidential appointee in an acting capacity.

“This supports the intention of the Constitution in requiring that the office holder be properly scruitinised through the process of ratification by the National Assembly. A presidential appointee who is not ratified by Parliament therefore occupies the office illegally as the President has no power to transfer constitutional functions to his appointee. This is the position in which Dr Chipimo finds himself. I advise my brother to stay away from the mess created by President Lungu through the impulsive dismissal of Dr Denny Kalyalya and the failure to realise that his appointment of a new governor would not be confirmed immediately since Parliament is currently on recess,” said Dr Sishuwa.

“The President has belatedly realised the void that his hurried sacking of Kalyalya has created at the central bank and is now trying to fill it using non-existent powers. What a mess! This is why central bank governors should not be changed like underwear. Let Dr Chipimo, who I consider to be a decent man, respectfully decline the appointment. This is because he risks being prosecuted in future as he lacks authority to exercise the functions of the Bank of Zambia governor since his appointment is not supported by law. An acting appointee is vulnerable to control and direction of the President, as he is holding office on a temporary basis, lacks a legal mandate, and serves at the mercy of the President. This is exactly what the Constitution sought to prevent by institutionalising the procedures relating to the appointment of Governor of the Bank of Zambia. Dr Chipimo is young and has a long life ahead of him. Let him not get caught up in this web”, he advised.

HH Saved Livingstone. He Can Save the Country

By: Anthony Bwalya – UPND Member.

In 1997, Livingstone was not on the brink of collapse. Livingstone was dead. Thanks to the ineptitude of the MMD regime of Edith Nawakwi and Co., Zambia only had the Victoria falls to show for, with zero public investments and efforts having been made to try and shore up the face of tourism in Zambia, particularly in Livingstone.

We had run down Livingstone and the economy due to excessive nationalization of key sectors of the economy, while our situation was not helped with the advent of political corruption at the highest level of government.

With the economy never having recovered from the savagery of the oil crisis and crushing copper prices of the early 1970s and 1980s, our options had run out. We had a $6.916bn overhang of debt, with real per capita GDP having plummeted from around $1,450 in the 1970s to less than $900 by 1997; while inflation was running as high as 30%.

The country was under pressure from its multilateral partners, IMF and World Bank to reform the economy towards liberalization as a prerequisite for the much needed debt relief.

A key component of liberalizing the economy meant that government’s hand of command and control on loss making public entities needed to be loosed.

Over 250 government controlled entities were privatized, with the Mosi O Tunya International Hotel and Rainbow Lodge.

But as usual, Edith Nawakwi and her MMD colleagues were only interested in money; and the only question in their minds was: Who was prepared to pay the most money for the Two symbols of tourism in Livingstone at the time – the Mosi O Tunya Inters and the Rainbow Lodge.

Then enter one Hakainde Hichilema, a shrewed, meticulous, sharp negotiator from an internationally renowned professional services firm Coopers and Lybrand.

This guy changed the game, not just for Livingstone but for the whole country.

Hakainde Hichilema’s impeccable judgement on what constituted the BEST DEAL for Zambians is what is responsible for the $2bn tourism industry in Livingstone today, around 4% of Zambia’s GDP.

HH forewent present consumption on behalf of Zambians and rejected bids of more than $20m and settled for a bid of $6.5m but with that, he secured future investments of over $50m, creating thousands of jobs in the process.

The proof is in Livingstone today. This is why the PF regime have spent over $200m modernizing the airport in Livingstone, all in recognition of the exceptional work HH did back in 1997!

This is the kind of foresight Zambia needs right now – a leader whose judgement is so clear that he can see the future amidst the current economic turmoil.

No other NEGOTIATOR delivered better than HH did in Livingstone.

There is Significant Rise in People with Hypertension and Diabetes Dying from COVID-19

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Health Minister Chitalu Chilufya says there is a significant rise in people with hypertension and diabetes dying from Covid-19.

Dr. Chilufya has since appealed to known hypertensive and diabetic patients to ensure they take their medication as prescribed by medical personnel.

He has also called on the public to prevent Non-Communicable Diseases by being physically active.

Speaking during the routine updates on Covid 19 in Lusaka today, Dr. Chilufya said One death has been recorded in the last 24 hours involving a 56-year-old known hypertensive patient who had presented with raised sugar levels.

The Health Minister said 72 new cases of Covid 19 have been recorded from 1,169 tests conducted.

Dr. Chilufya said 34 patients are admitted to Levy Mwanawasa isolation centre with 14 on oxygen and six critically ill in the Intestine Care Unit.

He said 23 patients are admitted to other isolation facilities in other parts of the country and that seven are on oxygen.

Dr. Chilufya said the country has continued to record progress in recoveries with 362 discharges in the last 24 hours.

And Chief Environmental Health Officer, Zakeyo Mvula said there is an increase in compliance levels to public health measures in a number of communities but that there is room for improvement.

Punitive measures to be taken against contractors who abandon works despite receiving Government resources

Special Assistant to the President for Project Implementation and Monitoring Andrew Chellah has warned that punitive measures will be taken against contractors who abandon works despite receiving Government resources.

Mr. Chellah says his office will engage the National Council for Construction -NCC- to ensure disciplinary action is meted out against erring contractors.

He was speaking in Mpongwe district shortly after inspecting the construction of 40 housing units for civil servants, a police station, district administration offices, post office and civic center.

And Mr. Chellah said all stalled government projects in Mpongwe district will be attended to.

He said this follows a directive by President Edgar Lungu for an inquiry to be made into why the projects have not been completed in the district.

Nampundwe Mine pyrite breaks decade long production record

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The Konkola Copper Mines (KCM) Nampundwe Mine, a pyrite mine in Shibuyunji District, has steadily increased production since the beginning of the 2020/2021 Financial Year in April, breaking a decade long production record during the second quarter of the year.

KCM General Manager for Corporate Affairs Shapi Shachinda said prior to April 2020, the mine was producing around 2,000 tonnes of pyrite per month with the change coming in April and May when it produced over 4,000 tonnes before hitting the 5,000 tonnes mark in June.

Mr Shachinda noted that the Nampundwe pyrite mine has not produced more than 5,000 tonnes of pyrite in the past 10 years. The previous highest monthly production was 4,100 tonnes per month in 2011. Pyrite is a mineral containing Iron and Sulphur, which is used in the process of smelting copper at the Nchanga smelter in Chingola.

At the start of the financial year in April, the business plan was to ramp up production to 4,000 tonnes per month, but the increase in the demand for the commodity at the Nchanga Smelter, and other customers, necessitated a revision of the plan to ramp-up production to 5,500 tonnes per month by October and, 54,247 tonnes for the year.

Mr Shachinda said, “In July, the mine produced the record breaker of 5,216 tonnes against a target of 3,997 tonne for the month.”

“The increase in production has been achieved through Management’s sustained focus and support to production teams in the last one year, and the support of the hard-working employees,” he added.

He noted that this performance is the result of the combined teamwork of all Nampundwe employees and contractors, and associated Suppliers. The mine is current with payments for labour hire and mining standards are improving, especially available underground ore stocks.

Mr Shachinda also noted that the mine is in a much better position now since last year, with a sustainable future.

Government to address challenges being faced by water utility companies

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A tripartite engagement with Ministries of Energy and Finance as well as Water Development,Sanitation and Environmental Protection, has been constituted aimed at addressing water and sanitation challenges being faced by water utility companies.

Water Development, Sanitation and Environmental Protection Minister Dr Jonas Chanda has disclosed that the meeting which was called by President Edgar Lungu aims to address various challenges been faced by utility companies in a multi sectoral approach.

Dr Chanda announced this when he paid a courtesy call on Northern Province Minister Hon Chungu Bwalya and assured that government wants to remove barriers that affect provision of good water supply and sanitation by understanding the challenges and finding long term solutions.

He said the tripartite engagement will promote an integrated approach that will address indebtedness,tariff issues and funding among the utility companies in order to see how best they can be capacitated to help government attain the vision 2030 of universal acess to clean and safe water.

Dr Chanda said government wants to ensure that all the money owed to utility companies is settled in order to sustain their operations and further pleaded with consumers to play their part in paying for water bills as he encouraged for establishment of flexible payment plans in the wake of economic challenges as a result of COVID-19.
And Dr Chanda who is on a familiarization tour of Muchinga,Luapula and Northern Provinces has urged water utility companies to change their business models that will help them diversify and be able to supplement governments efforts in ensuring that they remain viable.

The Minister was responding to a presentation done by Chambeshi Water and Sewerage Company Managing Director Mr Luckson Simumba who highlighted various operational challenges among them non-payment of water bills by consumers.

“Water utility companies are suppose to expand their portfolios such as enter into other ventures and initiatives such as power generation, consultation services,bottling companies, water treatment manufacturing industries”Dr Chanda said and thanked Chambeshi Water and Sewerage Company for making innovative strides to promote self sustainability.

Mr Simumba informed Dr Chanda that the water utility company is implementing various projects such as setting up a bottling plant, chlorine production, power generation among other to which the Minister thanked them and extended an invitation to the utility company to make a presentation on their various innovations and development models to other utility companies in order to adopt such innovative solutions to promote industrial growth and self sustainability.

And Northern Province Minister Hon Bwalya Chungu expressed confidence that many water challenges in the province will be addressed with the various water and sanitation projects being implemented in the province.

Should Government Use ZCCM-IH to Buy Mopani Shares?- The Green Party Perspective

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Last week, it was revealed by Government, through ZCCM-IH, is seeking to buy controlling shares in Mopani Copper Mines (MCM) by buying off Glencore shares.

At the moment, ZCCM-IH is a shareholder in MCM with only 10% shares. Glencore holds 73.1% shares while First Quantum owns 16.9%.

MCM is valued at about US$1.67 billion. This means Glencore shares are worth about US$1.22 billion.

The question is: should Government use ZCCM-IH as a vehicle to buy these shares?

First of all, at the moment, we do not think that ZCCM-IH has financial resources to pay US$1.22 billion cash. However, IDC has the capacity to do so.

Of course, we are aware that IDC has 60.28% shares in ZCCM-IH, while Government has 17.25% shares in ZCCM-IH.

Our view as the Green Party is that acquisition of the MCM shares is a very welcome move in the sense that in 2022, we expect the prices of copper and cobalt to spike. This could therefore a golden opportunity for Government to find money to pay the first Eurobond loan of US$750 million which is due about that time. Otherwise, it will be extremely hard for Government to find such colossal funds if restructuring efforts fail to materialize.

Having said this, we think that ZCCM-IH is a wrong vehicle to acquire the MCM assets. Rather, we think that it is better for Government, through IDC should set up a new company altogether to takeover the Glencore and Government shares in MCM.

The reason is simple. You will recall that two years ago when Felix Mutati was Finance Minister announced in Parliament that Government would soon sale 17.3% of its shares in ZCCM-IH?

You remember he said the long term strategic plan was to reposition ZCCM-IH for growth through strategic partnership and to comply to LUSE requirements? He said that the LUSE listing requirements stipulates that no single shareholder should control more than 25% of equity in any one listed company? And that in compliance with the listing requirements, government intends to sale 17.3% of its shareholding in ZCCM-IH?

You also recall that Government planned to sell the shares to an Israeli company? You also recall that a search on the physical address of the company in Israel for the said company was elusive? And you recall that ZCCM-IH paid over $100 million advance payment to an Italian company to rehabilitate Ndola Lime, and that company went into liquidation making ZCCM-IH lose so much money?

You will also recall that ZCCM-IH is in court and arbitration with KCM over multi-million claims? Are you aware that if, ZCCM-IH loses, it may be liable to compensate Vedanta billion dollars?

How far has Government gone with the sale of the 17.3% of ZCCM-IH shares to comply with LUSE listing requirements? How far has ZCCM-IH gone to recover the US$100 million advanced to the Italian company in liquidation? How far is the ZCCM-IH and Vedanta KCM case in court? How far is the ZCCM-IH and Vedanta KCM case under arbitration?

As Green Party, we do not think it is wise to use ZCCM-IH as a special vehicle to take over MCM shares owned by Glencore. We think that ZCCM-IH has too many skeletons that require to be cleansed or exorcised. Otherwise, ZCCM-IH will be a public liability that will swallow for nothing MCM shares.

We demand that Government abandons the dirty scheme of transfer of MCM shares to ZCCM-IH as the scheme will ultimately not be in public interest.

Peter Sinkamba
President
Green Party