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.
ZANIS
Too bad, really bad.
RB u have sold the country.meanwhile check me out,I AM NAMBALA 1.
So this is where muhabi is at now
What was that? Even a company from Mozambique or Angola wants Zamtel, wow! What do rich people in Zambia do with their dough ( money )? Kugula Che Ma motoka ba funta. Private local investment is what develops a nation. We are in the Diaspora guess what we send money back home, guess what large corporations do the exact same thing export the money back to their land. hahahahaha.
I have no comment on this subject but just want to clear my curiousity about knowing where Mr. Alfred Zulu ( ZIMT Leader) and his nephew are. I don’t mean any offence but those two will be remembered for proposing the third term for Dr. Chiluba and then disappearing ! I don’t mean to suggest that there is anything linking these two men to Mr.Muhabi Lungu. The mere mention of Muhabi Lungu reminded me about these two gentlemen.
aha so this is where the muhabi lungu is? this chap is a total watse of space
zda chaps just remember to save money for legal fees. over zamtel u will be arested n future
zda should handle the warfare of workers with caution to avoid court cases in future.for once put mother zed at your hearts.you can do it without fear and intimidation.
Who know the detail of short list