Agriculture and Cooperatives Minister, Sarah Sayifwanda, has reiterated that government would fund Nitrogen Chemicals of Zambia (NCZ) as soon as cabinet concludes discussing the way forward for the company.
And Mrs. Sayifwanda has clarified that the K58 billion meant for recapitalizing the company has not yet been finalized, allaying reports that the company would only be given K8 billion as reported by union officials earlier.
Mrs. Sayifwanda told ZANIS in an interview today that her ministry was still discussing the future of the company, adding that it could not abandon it.
She said the company would still be supported even if it was going through financial and operational difficulties.
Mrs. Sayifwanda explained that it was not true that NCZ would be given K8 billion because cabinet was still discussing the matter and no conclusions have been made yet for the company.
She said the K8 billion issues have been misinterpreted, noting that her ministry was yet to come up with the actual figures.
Last Friday, the minister paid a surprise visit to NCZ where she held discussions with management on the problems of the company.
She also advised NCZ union officials to work in collaboration with her ministry when expressing their grievances instead of running to the media first.
Mrs. Sayifwanda also assured management that government would not close the company.
Why can’t it be listed and then Farmers to won the majority shares in this company. I mean these guys are so dependent on NCZ, why not be innovative. Waiting for the chinese to come and buy it.
Its sad the future of NCZ lies in a cabinet full of dunderheads & bootlickers.What good can come out of cadres?
Levy will just decide then the whole bunch agrees
useles *****s!!how dare you let such a very big viable plant lie idle like that?fund it and see how it will ease our farmers’ problems.that same cabinet should be sharp enough….leave it to magande and he would fund it.
Our cabinet that is full of eggheads?
Any one who knows kafue will have seen the new plant opposite NCZ built by indians. It is a scrap metal plant. They deal in scrap metals. The indians smelt a carcus and knowing at least $1M
of valuble metals lie in NCZ, they are dicuraging investment with the help of share holding goverment officials. Hoping and prying for the day NCZ closes.
that structure is a sub-standadrd building ka!!let’s be careful…those chaps are eying NCZ!!