THE Zambia Development Agency (ZDA) has said the selection of an equity partner for Zamtel will be through an open tender process and both local and foreign companies are free to participate.
ZDA director of investments promotion and privatisation, Florence Mumba said selection of equity would not be restrictive and all interested parties would be free to participate as long they met set conditions.
Ms Mumba, said in an interview yesterday that ZDA would first undertake a study on how to best implement the tender process.
“We were just given instructions to undertake the selecting of the equity partner of Zamtel because we are capable of doing the job within our mandate as ZDA.
“ What I can only say is that we are going to do an open tender and there will be a bidding process,” Ms Mumba said.
Ms Mumba said the ZDA management would soon issue a comprehensive statement on when and how the process of selecting an equity partner for Zamtel would be undertaken.
The Government last month announced it had approved the sale of 75 per cent of its stake in Zamtel to an equity partner in order to save the company from collapse.
The Government intends to maintain 25 per cent shares in the company to provide an opportunity to control the company for Zambians.
The equity partner which is supposed to be brought on board by January next year would be expected to inject US$200 million needed to recapitalise the company
[Times of Zambia]
Whatever. Just remember to do the right thing transparently. You have alot to do to earn your name RB. We want this to be done through moral uprightness and not hiring image builders. ZDA or what have you. just follow the right procedure free of suspition and the zambian people will remain watching.
Madam Florence Mumba, you have just bin given instruction to follow. So the whole process is just a window dressing exercise by the “Powers Be” to cool public out cry. The equity partner to take up 75% in Zamtel has already bin chosen. in the first place at evalaution process ZDA was over looked what difference doeas it make now. Madam Mumba I dont want to blogg much in case I may put your job on line. The truth of the matter is they are trying to cheat us by doing an open tender but the “EQUITY PARTNER IS ALREADY KNOWN” and is busy celebrating on the MOON.
RB is grooming AMON JERE former Celtel Maketing fundi now at Vodacom Ghana formerly Ghana Telecom to head the preferred bidder for ZAMTEL. Jere a brilliant but arrogant marketing guru, will front the consortium to give a Zambian face. RB of course will get a sweetener.