Muhabi Lungu says sale of Zamtel on course
- Tuesday, November 17, 2009, 13:33
- Breaking News
- 5 comments
Zambia Development Agency (ZDA) Director Research, Planning and Policy Muhabi Lungu says the process to sell off some ZAMTEL shares is moving in the right direction.
Mr. Lungu said 8 companies that have been short listed have reached an advanced stage and are now doing due diligence and collecting data and making proposals.
He said every thing is going on steady adding that on 23 December the initial bid will be done at ZDA head quarters publicly.
He said that the sell of ZAMTEL will not be done privately because ZDA was keen to control the system to the satisfaction of the general public.
Mr. Lungu said his organization is doing everything possible to ensure the system is controlled such as the value of properties.
He said several committees have been set up to look at the welfare of workers and those pending retirement they too have set up committees saying no one will be left out.
Mr. Lungu said Zambia has learnt how to go about privatization since it’s initiation in 1991
Mr. Lungu was speaking to ZANIS in interview in Lusaka today adding that there will be no mistake in the sell of ZAMTEL because so far all the technicalities are in place.
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Zero Option!!!!!!!!!!!
Mistakes have already been there right from start with RP capital.
What Lungu is saying has been heard in many privatistions before.
Congrats Muhabi, little did I know that you now work for ZDA as Director fimo fimo. However I do feel for you, as I find that you are in precarious situation and thick of things. Imagine you dealing with the Zamtel issue and there after the Chairman of parliament select committee dealing with the same. People might just smell a rotten rat. We senior and classified bloggers see the reincarnation of a family TREE. Everyone is aware of another set father and sons involvement. Hopefully you deal with this matter decisively.
Mr Lungu we know you are a cousin to the President Rupiah Banda and what you may say may not make any sense at all.
mwa shiti sha ichalo u government should own 50 % and then flat shares to zambia bussiness men like gb mwamba all capt chewe thats what they did in the uk wit bt they encouraged the british bussinessman 2 buy shares this is tha biggest economic mistake zambia has made