Goverment has no intentions of nationalizing companies-Sichinga.

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Commerce Minister, Bob Sichinga
Commerce Minister, Bob Sichinga

Commerce minister Bob Sichinga has revealed that the government has no intentions of nationalizing companies. Mr. Sichinga said that the commissions of inquiry that were set by the government should not be mistaken as a nationalizing process.

He said that the commissions of inquiry are just conformity to what the Patriotic Front government made to the people of Zambia during campaigns. He clarified that the current government does not want a situation where a company that was sold in dubious manner continue operating in the country.

He said that government is committed to ensure that lawlessness is not allowed to continue operating in the country.

Meanwhile, Mr Sichinga has said that alleviation of poverty and underdevelopment in Africa depends on the co-operation of the major three regional economic blocs. Mr Sichinga said this when he officially opened a second COMESA-SADC and the East African Community tripartite meeting in Lusaka.

He said that transparency is one of the cardinal principles of the Tripartite negotiations.

Mr Sichinga has urged delegates at the second meeting of the Tripartite Trade Negotiations Forum to exchange the necessary information and data.

He says there is need to be truthful and open with one another because the Forum stands to be a major collective fight against poverty and underdevelopment in the whole continent.

And speaking to journalists COMESA Secretary General, Sindiso Ngwenya says one of the objectives of the meeting is to harmonise trade agreement for the entire region.

ZNBC

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16 COMMENTS

  1. Damage control…too late. Investors are still nervous.By the way,PF should not privatise any company cos the will equally be reversed.But then,even if they wanted to privatise one,buyers will be very reluctant to buy just like Sata is on the restoration of the BA64

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  2. Isn’t lawless to make alarming statements like MMD printed K3 trillion, and you still remain in office?

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  3. # 1 there is nothing like too late for an investor. Lets not treat investors with kid cloves. if they can invest in Sudan, DRC, Afghanistan, what more Zambia. We have what they want. We will investigate ZANACO sale if inappropriately acquired we will make adjustments. After that we will sing another tune and a bigger sack of other investors will come flocking to mother Zambia, greatly endowed with resources, peace and beautiful pipo.

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  4. The problem with you pf is that you say this and do the other thing and vice versa… we do not trust you any more…….. you are actually a useless bunch of *****icated men and women

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  5. Bob this is what you should have been telling us from the begining. i was getting scared of your gov because it looked more like UNIP. but thanks for the more MMD posture

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  6. #3 teza, what exactly do we have? secondly so if you had serious money would you invest it in Zambia.

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  7. We also patiently waiting for the judicial process over the fake 3trillion sir!! Kindly provide an update on the same.

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  8. Mr “fake 3 trillion” you have had change of thought? You now understand the benefit of making coherent statements?
    By the way, regional integration can not be enhanced if you keep on fighting your neighbouring countries, sending ‘undiplomatic’ diplomats/cadres to Zambian missions. And while you are at it, I hope you are realising that “no country is an island”

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  9. You fool you have lost integrit. You are just a vuvuzela without direction. You cant even be compared to kambwili

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  10. Well Bob, before we discuss nationalisation, what is your latest on the 3 trillion fake kwacha notes?

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  11. What about Zamtel is that not Nationalization. I am sorry if you could have found any corruption in the process of the tender then you would not have looked for the land acqusition law to grab the shares. Sorry but we very clearly know that your boss and all PF is not organised and they really do not know what to do. Appointing 23 Borad members for Zamtel and all PF cadres @ USD 1500 if those are the board members against 7 then we should be ready to expect 2500 employees against 700.

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  12. It is hard to believe a man who lied in his teeth that the previous government printed fake money in China. There is a doctrine in law – ‘falsus in uno, falsus in omnibus.’ Once a liar, always a liar. Like a man who cheated the tax man and was convicted, cannot be a credible witness in another case. The Lawyers would say, ‘It goes to credibility of the witness, your honour.’

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  13. What about Zamtel? We’re still waiting for PF to bring up criminal charges against all those who allegedly master minded the Zamtel sale. Here’s a rumor mongering Minister who enjoys issuing crazy statements like the K3 trillion fake money! We know you’re Sata’s in-law but pls grow up.

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