ZAMBIA National Building Society (ZNBS) board chairperson Joyce Simukoko says the awarding of the contract to re-develop Society House was done in a transparent manner.
Mrs Simukoko said during the ground-breaking ceremony of the project in Lusaka yesterday that there was nothing sinister about the bidding process.
She said as far back as 2003, ZNBS has been scouting locally and internationally for potential development and equity partners to finance the project.
Mrs Simukoko said most of the firms were not interested because of the financial position of ZNBS, which up to 2009, had a negative balance sheet and a negative regulatory capital position to the tune of K52 billion.
She said by the financial year ending 2011, regulatory capital was in excess of K30 billion.
In 2009, various potential investors, both local and international approached ZNBS to finance the refurbishing of Society House and Central Arcades.
An invitation to consortiums was issued and 11 bought the bidding document on August 11, 2010.
Mrs Simukoko said the request for proposal was open to consultants and contractors registered in Zambia who were required to tender as joint ventures or partnerships of consultants and building contractors.
Foreign consultants and contractors were eligible to participate on condition that they formed joint ventures with Zambian contractors.
On August 23, 2010, a pre-bid meeting was held where over 10 bidders were met to explain various elements of the request for proposal approved by the Zambia Public Procurement Authority (ZPPA).
Six bidders submitted their bids and by end of November 2010, a detailed evaluation involving independent evaluators was conducted, out of which a successful bidder, Zambezi Consortium, was selected as the preferred bidder on September 1, 2010.
And on January 11, 2011 a proposal for the National Pensions Scheme Authority (NAPSA) to consider financing the project based on the viability demonstrated in the business plan was presented.
NAPSA wrote back on April 28, 2011 to ZNBS confirming that it would finance the project
ZNBS and NAPSA engaged in contract negotiations which resulted in a mutually beneficial 20-year concession agreement.
[pullquote]She said contrary to reports in The Post that a Kenyan company had been awarded the contract, South African companies are the ones which have partnered with Zambians in the project.[/pullquote]
And ZNBS managing director Noriana Muneku said her institution will ensure that public assets are optimised and utilised in a way that increases welfare for the institution and for all stakeholders.
She said the selected execution model was carefully chosen to ensure that ZNBS does not divert its attention from its core business, including the provision of affordable mortgage finance.
“Thus, by executing this project, ZNBS aims to reinvigorate itself towards better delivery of its core mandate,” he said.
She said contrary to reports in The Post that a Kenyan company had been awarded the contract, South African companies are the ones which have partnered with Zambians in the project.
And NAPSA board chairman Dominic Mbangu said the authority is proud to associate itself with the project.
“Despite the lies which have been said about this project, we are proud of how it has turned out,” he said.
He said the authority followed procedure and discovered that it is worthwhile investing in the project.
Mr Mbangu also disclosed that NAPSA will collaborate re-development of building society properties.
“We will also have a manager to ensure that all the money invested in the project is recovered, and then we will hand over the building,” he said.
And Minister of Labour Austin Liato said allegations by The Post that President Banda forced NAPSA to invest in the re-development of ZNBS are misplaced and politically motivated to discredit the President.
Mr Liato also said allegations that NAPSA loaned money to ZNBS are misplaced because it will get back the money during the concession period, and then hand over the building to ZNBS.
He also said it was clear that allegations that Kenyan investors were awarded the contract are misplaced.
There we go again, post lies that it was not transparency just because it is mmd
Has Joyce Simukoko’s integrity been compromised by her marriage to Simukoko? I am confused here!! The President himself said that he authorised the deal of NAPSA and ZNBS so what is Liato and Joyce Simukoko saying or trying to prove here?
This is the problem with union leaders like Joyce Simukoko and Liato, they are easily compromised with whatever comes their way. Very very very corrupt.
Mind you former President Chiluba is a former union leader, very very very corrupt!!!!!
The President authorising is not the same as ordering. Authorisation to go ahead is vested in the President for all quasi-governmental institutions.
Y can’t you name these S Africans? After all, it is possible 4 a Kenyan company to sub contract SA ones. Where did yo advertise all these bids?
Mr Shaka, that is just procedure for public institutions. The theorry is that cabinet and the President represent the interests of Zambians in parastatals. The system has been there from independence and will continue regardless of who is the President of Zambia.
#4 Thanks for chipping in to educate some of our mentally challenged friends. Good job and keep it up. I rest my case.
Ba shaka oz,mulichipuba bakalamba typical membe bootlicker
#5 Just for records sake how were these South African and Zambian companies picked to do this job? Was there any advertised tender in the press? Or were they ‘single sourced’? Remember over the RP saga the public was told by the MMD govt that Siliya didnt break any law because Ministers are allowed to single source upto an amount of $2m. Now we have a contract worth $98m been shrouded in secrecy. I repeat when was this Central Arcades tender advertised?. MMD Chief bootlicker you may lick the boot or a.s/s of whoever is in power but some of us love our country and we demand transparency in the way resources are used! Let us learn to follow the right procedures rather than cutting corners if we want to gain the trust and respect of the public. This is not too much to ask.
#7 Musiwa Likota,
Dude the choice of your name speaks volumes, especially to those of us who also follow South African Poltics.
Anways, don’t you know how to read Dude?. All the information you are asking me in in this article. READ READ READ ..and here is an extract to get you started
An invitation to consortiums was issued and 11 bought the bidding document on August 11, 2010.
Mrs Simukoko said the request for proposal was open to consultants and contractors registered in Zambia who were required to tender as joint ventures or partnerships of consultants and building contractors.
Foreign consultants and contractors were eligible to participate on condition that they formed joint ventures with Zambian contractors…..
Wena bona fa number 25 posting! What the heck is your problem? You seem to be a very childish person. Unlike your shameful bootlicking name Musiwa is my real name. It is not a choice. So what if there is a Mosioua Lekota in South African politics? Should any Lozi with the names like Mpo/Limpo (Mpho/Dimpo) ie Gift/Gifts or Tabo (Thabo) i.e Happiness feel guilty or inadequade because there are some South African politicians with these names and one bootlicker happens to know about them.You are a very sad person. You are the one who should be questioned for your choice of a foolish name! MMD Bootlicker! Man where is your decency? Are your family members proud of you? You must come from a broken and dysfunctional family. I pity your wife and children! Man you suck!
That a lot of money
Lets be serious country men and women we ned more info on the contracter ,that a lot of money pipo
SHAKA OZ @ 2. That’s the way it works for parastatals – they go through the normal procurement procedures and after they pick the preferred bidder then inform the President and cabinet for their final go-ahead. It happens here in Botswana. Musiwa Likota @ 7 – I don’t know whether to call you literate or not, cause you can write but can’t read.
#5 You would do well not to call other people namez az you freely speak about your MMD. My heart bleedz considering what haz become of the once vibrant Joyce Nonde Simukoko. No wonder she waz hiding in glassez at state house the other day.
These MMD Paranoid Schizophrenics are really a liability to the nation. What is the problem with simply naming the Contractors, owners of those Construction Companies, why the secrecy? All will be laid bare by the end of this year when the true ACC will be pursuing those who are above the law now.
Since this issue, Government and its mentally fatigued supporters have failed to name the Contractor and its owners.
I want MMD Chief Bootlicker (or is it Booty) to come out clean and name the contractor, instead of having Delirium Tremens and calling others Mentally challenged. Know that you have no monopoly of insults. Deal with issues instead of questioning the sanity of the people asking for transparency and good governance..
# 8 MMD Chief Bootlicker . Is it correct to SEND INVITATIONS TO JUST SPECIFIC COMPANIES? There was NO formal Tender OR Invitation in any newspapers for that project. We are in this business and follow such. Only a corrupt person will agree with the chairman. She seems not to even know what really transpired on that deal. Can the government also highlight us on who owns Zambezi Consortium? Bootlicker, you are in SA and when such transaction occur all details are published. Do not just support because of your job. Other Zambians also want to share what our country can offer.
Senior Citizen and Emanuel Mwamba are now friends
The source said the current perception of Sata within the MMD circles was that he would come and nail all those suspected of plunder once he becomes president.No wonder during our meeting there was a certain gentleman sent by State House who emphasised to us that ‘we should by all means stop Sata from becoming president because he will arrest all of us.’ This gentleman also told us that ‘Sata had come out so strongly on accusing the President of corruption and this has caused panic’,” the source said
VOTE SATA AND PF COME 2011.
Like Hikaumba,Joy Nonde has been weakend by brown envelops. The day of reckoning is drawing closer and closer everyday. The headline shows some panic by the MMD.
VOTE MICHAEL CHILUFYA SATA IF YOU WANT CHANGE.
ALL PLUNDERERS WILL BE NAILED ONCE SATA BECOMES PRESIDENT.
WE WANT OUR MONEY BACK.
VIVA PF VIVA SATA PABWATOOOOOOOOOOOOO
That is a lot of money…my God! How urgent is this project vs many other urgent basic needs in our city today?
Most pipo never saw the advert for the tender becoz they only read political stories and not developmental stories. You will start seeing these developmental adverts when you stop reading only political stories. That is why i carefully read the Daily and Times. I am pro development.
#5, a member of the Party currently in government, what is wrong with being found mentally challenged? Is that your attitude and policy towards people who are disabled? This is no longer funny or a joke. Learn to respect the people who are disabled. You may be happy, healthy and jumpy today, but tomorrow (God forbid that it should happen to you) you may be needing round the clock support because you have become mentally or physically incapacitated for whatever reason. What is the point of all this? use some other wholesome langauge.
the deal is so clean..let PF go to rest..we shall continue to fight for the betterment of Zambia..
# 19 Objective. Give us a date when that tender was published.
Rupiyah seems to be in a hurry to get project going (hopefully to redeem his tarnished image), hence the fast tracking of projects and flouting laid down procedures. Can’t fool anyone. You had the opportunity and blew it! Sorry
LT Editor, please the word F.O.O.L is not an insult. No need censor
Wena MMD Bootlicker matata ya hao kiyafi? My name has nothing to do with South African politics. I am Musiwa Likota from Ushaa in Luena constituency in Mongu. My name or names are not a choice. I was named as such and I have no problem with it. If there is a South African Mosotho Politician called Musiwa Likota (Spelt in South Africa as Mosioua Lekota) that is just a mere coincidence. There are Lozis with names like Tebuho, Muhau, Masiliso, Tabo, Sepiso, Limpo. These names are also found in Botswana, Lesotho and South Africa. There is a slight difference in the way they are spelt but the pronouciation is the same. In Lesotho names like Tebuho and Limpo for example are spelt the same as in Barotseland. In South Africa and Botswana they are spelt as Tebogo and Dimpo.
Joyce the deal was as transparent as the relationship you carried on as a secretary with Simukoko as MD even before the demise of his beloved wife…just speak because we all know Dickson Jere is your backer…should PF win imwe you will see what we shall do to you…you will recall your ancestors origins in your mother tongue….
I think Zambian just like to complain and believing everything M’membe says in his cheap paper……just let that project go ahead, we need to modernize our capital city….my foot! this 2011 and Lusaka still looks like we are in the 1960s.
This is one of the most fascinating events of this political season. Society House got burnt almost two decades ago. Someone tries to get it fixed and by it redevelop the entire CBD into something that resembles modernity and we all cry foul. Yes it could well be that US$98million seems alot to some (whether this is sufficient is actually debatable) but surely shouldn’t the debate be around what it is that they intend to do i.e. the scope of work, as opposed to shooting it down from the get go. I suspect in the end this project will be a source of pride to many Zambians……in the meantime I continue my search for the Kenyans….:)
People educate me.What does ZNBS do? What nobody is discussing is that she said the company has had a negative balance and a negatvie regulatory capital to the tune of K52 billion.So if it can’t make money how does it operate? By government subsidy? Bail out? Loan? First they need to tell us why the balance sheet is in the red and what they are doing to bring it back into the black?
Reader…..read the article again…..:)
a lot of projects in 2011, anything special with the year. Each day we hear MMd comisiononig projects. whats the hurry this time aroound
It takes time to plan and commission a government project. On one hand RB is accused of ‘just completing Mwanawasa’s projects’ and on the other hand you accuse him of being in a hurry. Well, damned if he doesn’t and damned if he does.
@31 Dead
It takes time to plan and commission a government project. On one hand RB is accused of ‘just completing Mwanawasa’s projects’ and on the other hand you accuse him of being in a hurry. Well, damned if he doesn’t and damned if he does. Anyhow, whether it is election year or not, the MMD is mandated to govern, so they cannot stop just because there are elections. After all is said and done, it is the Opposition parties that have begun the campaigns in earnest. Rallies one after the other!
Can we this once shut up and let development take place. MMD UPND PF HERITAGE FDD please for once let’s move forward.
Joyce Simukoko supporting because she is the the board chairperson of ZNBS. That is why even her union president Cerphas Mukuka is supporting. But the truth comes out somebody will swallow her or his words.
Joyce Simukoko is supporting because she is the the board chairperson of ZNBS. That is why even her union president Cerphas Mukuka is supporting. But when the truth comes out somebody will swallow her or his words.
Hey please contact me and I can give you first hand information on this project
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