THE Global Congress of Student’s Unions (GLOCOSU) has observed that those opposing Government intentions to reintroduce the Industrial Development Corporation (IDC) as a platform for economic growth are merely doing so to frustrate and sabotage President Michael Sata’s efforts to develop the country.
Last week, President Sata said the IDC would be a tool for the modernisation and diversification of the economy to create jobs, wealth and prosperity for the Zambian people.
Mr Sata said the State would, through the IDC, maximise the value of Government assets by establishing a sovereign wealth fund which would focus on stimulating investment in strategic non-mining industries, among other benefits, thereby expanding the country’s investment portfolio and create jobs.
GLOCOSU secretary general Kelvin Chitala advised stakeholders to reflect on the weaknesses and mistakes in the manner the initiative was implemented during the first Republic to ensure that the concept is successful once it is implemented under the current Government.
Mr Chitala said the Government needed to be supported to ensure the IDC succeeded but that implementation should have a different approach to prevent failure.
He said that instead of mounting criticism over the IDC, President Sata deserved to be praised for taking such a bold decision.
“To suggest and argue that IDC will fail if resurrected today or tomorrow, simply because it failed yesterday, is rather simplistic and is an attempt to frustrate and sabotage the work and efforts of the Government, which is meant to uplift the living standards of the majority poor,” Mr Chitala said.
“What is required is to understand why the previous effort, which was well-intended, failed, so that we learn from such weaknesses and mistakes and rectify them to ensure that we succeed this time around.”
Mr Chitala said in a statement that the IDC was meant to serve as an umbrella or vehicle through which the Government could channel and manage all its investment in the economy and not for political appeasement.
He said the fundamental principle behind the IDC initiative was for the Government to allocate some funds into either setting up new companies or buy shares into existing ones.
Mr Chitala said the objective was not to replace the free market economy with a State-controlled one.
“It is rather to stir investments into areas that the private sector would ordinarily be reluctant to invest in but which are vital for the purpose of stimulating the broader economy as it is a basic call of human decency,” he said.
Mr Chitala said the private sector, in its current state, was facing challenges of creating jobs and this in turn was reflecting negatively on the Government which was now being blamed for the difficulties to create jobs for the masses.
He said the country would have to wait for close to 40 years for the private sector to take up expensive investments around the country that would steer job creation and boost economic performance.
“In business, there is what is known as turnaround strategies. All we need are good managers to turn things around. How come these mines are making profit now and we are busy calling for windfall tax after someone has revived them?” Mr Chitala asked. “In fact jobs will only be created through creating means of production. There is no complete capitalist or socialist economy anywhere in the world. We just need to sort out our management of companies by hiring proper and accountable people.”
He said it was important in business persons to learn from mistakes and restart various business ventures by putting in place safety measures to take care of what led to similar ventures collapsing.
Mr Chitala said it was vital for citizens to participate in providing economic solutions affecting the country’s growth.
He said the present challenges in running Zambia’s economy needed a sober approach and that the IDC was one initiative that would best suit today’s dynamic trends in the industry.
“For instance, South Africa has the IDC whose role is to facilitate industrial development through enhancing competiveness among industrial players and provision of finance to stimulate growth, and we can take a leaf from South Africa and come up with our own,” Mr Chitala said.
Ati Sata to develop Zambia? He’s spent almost 30yrs in govt and he hasn’t developed himself (only 7guns and a cressida) so what will he achieve for us? He’s a clueless clown.
Ati only 7 guns…. I heard he bought 10 more, and gave 3 old ones to ka Masumba. So he is has developed from 7 to 14 guns.
The INDECO SAta will establish will not operate in the exact way the UNIP one operated.
Times and strategies are different.
Those opposing must first ask how this one will be different from the one KK’s govt had.
Having the same name and acronym does not in itself mean all the operating details are the same.
Just like we have one Hakainde Hichilema of UPND who is an economic looter and plunderer, so full of himself and his hot stinky stream, an upstart political leader without an tangible understanding of politics, while there is another Hakainde Hichilema who is forward thinking, humble, unselfish and would contribute positively to the wellbeing of the country both politically and economically.
@ Gen
weluuu!! your joke is dry chikkalah cha nokoh.the writing is on the wall.2016 wina azalilah HH aleteka. problem you are blogging from ituri come back to zambia and face reality
PRESIDENT CHUMBU MUSHOLOLWA MAMPARA SATA, Can you first resuscitate KIFCO (an existing company) and prove your capacity to CREATE NEW JOBS?
Call yourself Tonga pride for Tumbukas are not insolent. coming to the topic at hand, the young man chitala has exhibited wisdom compared to all politicians opposing IDC creation combined including their minions. Well done young man.
How come only people with the surname Chitala are supporting this idea? Is Derrick Mbita Chitala looking to be on the board of INDECO?
Is this head sickness becoming an epidemic? Kevin Chitala is either mental sick or suffers from little knowledge. When INDECO companies failed, the prescription from IMF was ‘privatize’. Zambia was forced to privatize at great cost. Those copper mines you are saying are now ‘profitable’ were sold for pennies on the dollar, mainly because they were loss-making and had nothing worthwhile to look at on their balance sheets, all because of INDECO.
If the mines are profitable today, isn’t that proof enough that the problem was INDECO and not the mines per se? Your argument that INDECO should be brought back because ‘the mines are profitable’ is circular reasoning.
What turn-around are you talking about when you don’t even understand what the problem with INDECO was?
Meant to say: “mentally sick” and not mental sick.
Smart kid, this GLOCOSU secretary general Kelvin Chitala is … what most people fail to grasp is that there is no single government in the entire world that does not participate in the wealth creation apparatus for the general citizenry.
For instance, here in the United States when the recession hit banks were about to collapse. Congress approved and the federal government will spent upwards of $700 billion to buy equity shares of banks and bail out businesses by buying assets that some refer to as “toxic” because they are essentially worthless on the open market. All major banks in the US became “Zanaco”.
In November 2008, the three major U.S. auto industry companies — GM, Chrysler and Ford — asked the government for a $50 billion bailout to avoid bankruptcy. They became…
Ba Mumba, maybe you have spent too much time away from Zambia and fail to realize the reality of the situation in Zambia. Your PF government is broke!! Right now they are borrowing money left right and centre. Where are they going to get money to bail out loss making INDECO companies and buying their toxic assets. This isn’t USA but a broke third world nation.
Ba Fred … The U.S. government owes a lot of money. A lot … In fact, U.S. debt today stands at about $17 trillion. And yet they still managed all these programs. What you need to understand is that every nation is a debtor nation with an exception of Luxembourg.
You don’t build an enterprise because you have excess money. For instance, the US government embarked on the Interstate Highway system not because they had the money.
The system is named for President Dwight D. Eisenhower, who championed its formation. Construction was authorized by the Federal Aid Highway Act of 1956, and the original portion was completed 35 years later totaling length of 47,182 miles (75,932 km). The cost of construction has been estimated at $425 billion (in 2006 dollars). Borrowed money!!!
But still, where is the money going to come from to fund these toxic assets?
Will be happy to learn from you if you know of any one State- or Federal government-owned company in the U.S. similar to the INDECO you are proposing for Zambia?
But who says we need a superstructure like INDECO to bail out collapsing companies? I think government can still do that through Ministry of Finance if need be and provided government has money, except the naive PF government, in its usual myopic reasoning has removed the Planning arm of the Ministry. You may also wish to know that what brought down INDECO and its sister bodies like ZIMCO were “dead wood” companies. And if you are saying this new INDECO of yours will be different why is PF labouring to articulately explain it for the appreciation of some of us who are apprehensive?
The INDECO idea has KK’s imprint all over it as Michaels right hand man. This is UNIP all over again and Zambians enjoy the wealth you have innovatively earned as entrepreneurs, because as soon as INDECO is back, say goodbye to private businesses.
In November 2008, the three major U.S. auto industry companies — GM, Chrysler and Ford — asked the government for a $50 billion bailout to avoid bankruptcy. They became “Livingstone Motor Assemblers”.
Five years later, the government had spent $80 billion on the automotive industry bailout. However, it’s recovered $54.6 billion as of the end of October 2013. In return, more than 340,000 jobs were created by GM and Chrysler since June 2009, when they emerged from bankruptcy.
Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector that was signed into law by U.S. President George W. Bush on October 3, 2008. The US government has been spending $85 billion a month.
Thanks for yo info on the US, but what has it got to do with Zambia and the impending INDECO? What exactly are you implying?
GM,AIG and BofA operate in a nation of entrepreneurial excellence,a place without a highly politicised marketplace influencing busines and unlike zambia,they have a solid legal system.Zambia has a toxic business environment and a history full of GRZ business ruins.
Try again ba Mumba.
@B R mumba,so why can’t the Zambian govt pump cash into Ncz,textile industry,agricultural sector and create a manufacturing companies,those auto industries u mentioned and banks are corporations which almost collapsed due to lax laws,so the Dod Frank financial,in auto the reduction in suv but increase in gas of 32 g /m.so the administration had a critical analysis.u know that govt does not create jobs but create a conducive business environment.let pf govt prove by stabilizing the struggling,zamtel,ncz,etc ,govt should enter into partnership with the private sector.
BA mumba,the construction of interstate was not all borrowed money,and if u talk of the $17t,most of credit acquired is given to the private sector mainly those supplying military requirements in war zones.and as the war is winding down,the debt will reduce in trillions on yearly bases,most USA companies get tax credits for hiring.so it’s completely a different scenario pa zed.be real ,by the way I concured with most of your blogging in the past but on this one am disappointed .
Are you implying that GM, Chrysler and Ford are U.S. government owned or operated? I see nothing here comparable to INDECO.
but cadres are not running those companies!
Mr.Mumba,Americans believe that in order to stimulate the economy people must borrow from banks and be in debt.True or False?That is why by the time someone graduates from college or university He or She will be in serious debt.I wouldn’t be surprised if you are not in excess of over $100,000 in debts .
Mr.Mumba first study the PF manifesto and it’s current performance then research why INDECO failed.
Yes it appears to have worked in America. What more with the upright individuals who were tasked to implement such a massive bail out. But here in Zambia dunder haeds like Willie Nsanda and other corrupt elements are the more likely ones to be appointed to head this INDECO. Do you think it can survive?. There is simply no one in PF who has capability and integrity to manage such an organisation. Unless it is meant to create employment for PF cadres only.
TARP was introduced to stabilise the financial sector in the US, which was facing a major crisis. It was also a once off measure and the govt is slowly backing out of the shares it bought.
What major crisis are we facing in Zambia to warrant the introduction of INDECO? Also, INDECO is not a once off pogramme. It is meant to be a long term player in the economy. Any student of economics will tell you that this is the worng way to go. The govt should not directly create jobs since it is always inefficient at this task. Govt’s job is to create an enabling environment for the private sector to thrive and create jobs. This is one function our Govt has lamentably failed at. INDECO is directly meant to create these jobs, and from past experience, these entites to be created will not be…
In April 2010 those companies prepared to buy back the Treasury’s stake and emerge from TARP within a year. Of the $245 billion handed to U.S. and foreign banks, over $169 billion has been paid back, including $13.7 billion in dividends, interest and other income, along with $4 billion in warrant proceeds as of April 2010.
AIG is considered “on track” to pay back $51 billion from divestitures of two units and another $32 billion in securities. As of December 31, 2012, the Treasury had received over $405 billion in total cash back on TARP investments, equaling nearly a non-inflation-adjusted 97 percent of the $418 billion disbursed under the program.
The smart people of the Zambian Enterprise need to embrace this idea from MCS. He is cut from a different cloth and he is right.
Sir are you proposing that the Zambian Govt goes back to China, EU, IMF to ask for more Loans to run INDECO? The Govt has no money, it is borrowing everyday and that’s not a secret! And IMF has strongly cautioned the govt on the current everyday borrowing!
Forget the IMF … had Boris Nikolayevich Yeltsin (1 February 1931 – 23 April 2007) Russian politician and the first President of the Russian Federation, serving from 1991 to 1999 listened to the IMF and World Bank there would be no Russian billionaire today.
He served at the same period Kafupi (Frederick Titus Mpundu Chiluba) served as president of the smart people of the Zambian Enterprise. Both countries started dismantling parastatals. Today 110 Russian billionaires command 35 percent of their nation’s wealth, creating the Russian Oligarchy and yet there are zero Zambian Billionaires.
How did Boris Nikolayevich Yeltsin do it? One by forgetting the IMF and privatized his INDECO using leveraged buyouts thereby creating wealth for Russians. MCS is trying to do that for you.
You seem to be contradicting yourself. These are privately owned companies that had to borrow government money which they are now paying back. INDECO is a different kind of monster, fully owned and operated by the Zambian government. The idea was tried and it failed.
Are you paying any attention to what you are saying that “Boris Nikolayevich Yeltsin ..privatized his INDECO using leveraged buyouts thereby creating wealth for Russians.” Which INDECO is Mr. Sata trying to privatize? Instead, Mr. Sata is trying to create, not privatize INDECO. Russia is one success story of privatization. That country’s economy is booming today, but it is because they had to abandon the socialistic structure which Mr. Sata is trying to cling to.
@ Ba Mumba,
Am telling you no matter how much info you will come up with, some people will not get anythiny positive and constructiveout of it, as long it falls on the eyes of someone convinced that there can never be any good to come out from PFs Project no mater how real. Thanks for the INFO though, I have picked up alot keep sharing and another thing, I hope people can be civilised enough beyond political followers so we can move up and not down!
B R Mumba, stop this thing of calling our country Zambia Enterprise. It doesn’t make you sound smarter but makes you look like some Marxist person.
That said, just because the US did a bailout doesn’t mean that we should make INDECO. Every government owned or controlled entity is struggling. How do you make them work better by adding to the beuracracy? How do you stop cadre deployment? Remember, even Father Bwalya was the Chairman at Zesco when he was PF. Willie Nsanda is also on several boards when the qualified people are sidelined.
Mumba,mcs is not trying to do what the Russians did,he is not talking of citizenry partnership,most of those Russian billionaires not get it thru politics but a good policy.pf has no plan for indeco and Zambian politics is only fix his business if one is from opposition,or resigns(gbm).sata is not the right man for indeco venture.
I totally agree with Mr. Chitala. Its time the govt just did what is right and its us the people to Judge.
WELL SPOKEN YOUNG MAN.
ARE THE PROPONENTS OF INDECO TELLING US THAT BECAUSE WE HAVE FAILED TO QUALIFY FOR FIFA WORLD CUPS AFTER SO MANY ATTEMPTS IN THE PAST, WE SHOULD NOW GIVE UP?
THE SAME OPPOSITION GUYS COULD HAVE OBJECTED TO GOVERNMENT’S EFFORTS AND PLANS TO BUILD NEW UNIVERSITIES, A NEW AIRPORT, DUAL CARRIAGE WAYS, TO INTRODUCE TOLL GATES, TO BUILD NEW CLINICS ETC IF THE PRESIDENT HAD APPROACHED THEM FOR ADVICE.
PETTY JEALOUSIES ARE DOING THE ROUNDS IN AFRICAN POLITICS! BECAUSE THEY KNOW THAT THE MORE NEW PROJECTS THE PRESIDENT AND HIS TEAM UNDERTAKE, THE MORE THE PRESIDENT WILL DEPRIVE THEM OF TALKING POINTS IN 2016.
FAILING ONCE OR TWICE IS NOT FAILING. FAILING IS GIVING UP. LEARN FROM ABRAHAM LINCOLN. THE FACT THAT INDECO FAILED THEN DOSE NOT MEAN IT CAN FAIL AGAIN, THE ENVIRONMENT, PEOPLE AND CULTURE ARE DIFFERENT. ZAMBIANS HAVE NOW WOKEN UP, THEY WILL CALL ON THE MANAGERS TO ACCOUNT. GONE ARE THE DAYS WHEN GOVT ATE MASUKU ON OUR HEADS. MMD WANTED TO PRIVATISE SCHOOLS AND WE SAID NO AND KICKED THEM OUT OF POWER ALTHOUGH WE ARE NOW HEARING RB WANTS TO MAKE A COME BACK.
Its pure foolishness to do the same thing over and over and expecting a different result. If you have limitations in your attempts to fulfil your many promises just stop being the stone heads you are and listen to the free advice from the many concerned and patriotic Zambians. The biggest problem with PF is that whoever says something that doesn’t seem to resonate with their thinking automatically becomes an enemy.
Imwe ba premier comparisons are odious,Economics and Football are 2 very different subjects.We have failed to qualify for the world cup because we have failed to organize our youth football structures.We are economically poor because those tasked with the duties are are not economists but dunderheads who think with their skulls instead of brains.
In 50 YEARS we have failed to develop.Botswana which was one of the poorest in the region discovered diamonds IN THE 70’s and now they are a model of economic development.
We spent years stuck with socialist ideas under KK,corruptible and tribalistic tendencies under Chiluba .Progressed under Mwanawasa but sunk under Banda.For PF ,it’s 2 steps forward and 3 steps backwards.
@Observer: The INDECO fiasco cannot be referred to as failing “once” or “twice”. The INDECO saga is failure a thousand times. INDECO owned hundreds of companies across a wide spectrum of industries from crushed stones, to manufacturing to mining etc. The failure pattern was observed across that wide spectrum, even where the companies operated as monopolies.
Besides, the failure was not just for one year or two, but for decades. Further, the INDECO type of business structures have failed all around the globe. Those that have succeeded, if any, are the exception. The Russian economy is one good example where it failed and was abandoned. Today, Russia is a resilient economy because it abandoned the stupid INDECO idea. If PF has no better ideas, why not step down?
These guys want to straighten a sweet potato. It has been tried millions times, every time you try it breaks. You dont need education to know that INDECO cant work. INDECO still owes me my severance benefits.
I am very disappointed with ‘highly educated ‘ people opposing re-introduction of INDECO merely because it failed in the past. A PhD holder should provide solutions even where ordinary mortals think its impossible. Why do we black people want to remain the same even after hundreds of years. Go to any of our villages and you will not find any evidence our existence 50 or hundred years ago in terms of construction and other achievements. We live in temporal kind of arrangements. Hunter gatherer!
Well educated people are rejecting the INDECO idea, not only because it had failed before, but also because it has never worked anywhere else it has been tried around the globe. Currently, the INDECO idea is a luxury the Zambian government cannot afford. Otherwise, it is insanity to insist on doing something which you know does not work.
Listen to people who are economy managers like HH. HH didnt say the idea is bad, all he said was unfortunately the motivation just like all other initiatives Sata brings forward is to empower mostly only his family and tribe. Look at parastatals today, foreign service, the cabinet, etc. Indeco will be a bemba kingdom we can already judge. Good idea but we dont hail from Muchinga all of us.
we want to hear from Economists like Prof Saasa ‘s and the Chibamba Kanyamas of this world, where are you? Please react to B.R.Mumba’s well reseached comments. From the look of things Mr.Mumba is encouraging us not to fear when you want to put things right.Though the short term may look bleak the long term result is definately benficial to the country’s eccomony. Dr. Situmbeko also gave a very good obersevation, what is your comment mr. Mumba?
@concerned citizen:”Please react to B.R.Mumba’s well reseached comments.” Are you sure that his comments are well researched?
@ Nostradamus and @Tumbuka Pride
Sata is building universities, a new airport, dual carriage ways, stadiums, training institutes, countless clinics country wide, doing township roads, new bridges etc. These are all being done to world standards.
Luapula will definitely speak through the vote come 2016.
BA PREMIER ,IS SATA USING HIS POCKET MONEY OR DR.C.KASEBA’S MONEY TO BUILD ALL THESE INFRASTRUCTURES OR IT IS THE ZAMBIAN TAXPAYER’S MONEY?
RB DID THE SAME BUT HE IS HISTORY.
@Bufi, Bboza, Kubeja
DID RB NEED A FRONT COMPANY LIKE INDECO TO STEAL FOR HIS FAMILY?
YES, HH NEEDED FAKE ECONOMICS & PRIVATIZATION TO ENRICH HIMSELF.
SATA CAN DO WHAT CHILUBA & RD DID TO MILK ZAMBIA IF HE WANTS TO.
REMEMBER, LUAPULA VOTES WILL BE COUNTED TOO!
IDC aka Industrial Disaster at Conception is a brainchild of KK. It did not work in the past ,it won’t work now and it won’t work in the future. Do not mess with the economy, Humanism is/was not an Economical Model but myth.
Luapula you must be a villager , Sata is not the first one to build things
Many other presidents too, besides you need to advice your old man to build with strategy as they say in real estate location , building things in the middle of nowhere
Just for show is not good and beneficial to anyone. He too needs to come up with ground breaking projects that change dynamics like mobile clinics which he is benefitting from, indeco was failure, in business you don’t go back to same old failed
Ideas you come up with new ideas just like times change we ought to change too, other
Wise it’s insanity, with such announcements the economy suffers more indeco is not like we have discovered oil .
Teny,B.R Mumba,Luapula Premier and Kelvin Chitala are clearly in a state of comfusion and are just PF blind followers.The wisest of them all Mumba compares the US bail outs and the Russian revolution to Sata’s INDECO!!Can u believe that?The bail outs were clearly loans by the state to the businesses and they are paying back.What is Sata bailing out?His cadres i guess.The whole INDECO thing doesnt make sense at all.They should just fund private business.GOD BLESS ZAMBIA.
If the government Funds private businesses like that of GBM or Mmembe you will be the first one to complain.
Look, to all those giving comparisons with soccer qualification, that is a retarded comparison. But to give you the benefit of doubt, what is going to be different with this INDECO to ensure it succeeds? No one has been able to answer this question. If we are going to repeat the same things we did in the Kaunda era, and expect different results, then we as a nation are truly insane. Most Zambians are just getting over the concept of the state looking after all our needs, and that we should be self reliant. I see this INDECO idea eroding the change in our entrepreneurial mindset which is slowly developing in us.
The role of Govt is to ensure that public goods are being provided efficiently, and also create an enabling environment for private enterprise to thrive. INDECO is not the…
Thank you splaka!
@Splata
“The role of Govt is to ensure that public goods are being provided efficiently, and also create an enabling environment for private enterprise to thrive. INDECO is not the….” Really!
THAT IS A VERY NARROW & MYOPIC INTERPRETATION OF CAPITALISM & STATE PARTICIPATION IN A MIXED ECONOMY SUCH AS WHAT IS OBTAINING IN CHILE, SOUTH AFRICA ETC
WHAT IS THE DIFFERENCE BETWEEN THE U S GOVERNMENT INVOLVEMENT IN GENERAL MOTORS & JB MORGAN ON ONE HAN, & THE ZAMBIAN GOVERNMENT INVOLVEMENT IN INDECO?
HH GIVES SATA’S FAMILY CONNECTION AS THE MAIN REASON FOR HIS OBJECTION..CADRES GIVE DIVERSE REASONS….
WHOM CAN ONE TAKE SERIOUSLY!
R B Mumba is what we call a TEXT BOOK KIND OF PERSON, He has read a lot of American books. They is a big difference from that part of the world to this part of the world my friend. Here we are million and millions of years away from that sort of financial PLANS to improve our economy. All that you have mentioned can work in western countries and on paper. Here they is too much carder mentality…too much grid, the economical playing field is corrupt. you can not introduce something like that in Zambia. what will happen is that only people connected to PF will get jobs and get rich unlike the example you mentioned in Russia. For those that have stayed in Russia know what sort of Novwi Rich (billionaires ) in Zambia that will come out INDECO and the debts that our children wil hav to pay.
Let the current gov’t revive the current AILING INDUSTRIES. Then this gov’t has just undertaken so many programs which require a lot of funding. INDECO is not for this year and not even next year. Let PF sort out food security, medical before starting something that will cost us and our Children.
“He said the fundamental principle behind the IDC initiative was for the Government to allocate some funds into either setting up new companies or buy shares into existing ones”
– and then employing the family tree to STEAL IT ALL!!!!!!!!
“Mr Chitala said it was vital for citizens to participate in providing economic solutions affecting the country’s growth”
– but they are not even allowed to see their OWN DRAFT CONSTITUTION!!!!!!!
“It is rather to stir investments into areas that the private sector would ordinarily be reluctant to invest in..”
Because they KNOW it is THROWING MONEY DOWN THE DRAIN. Sata is too stupid to realise THAT FACT!!!
“President Sata said the IDC would be a tool…”
– In 90 days????
BUFI, BUFI, and more BUFI !!!! The Zambian have…
It is sad to the unprecedented madness being exibited online especially from ZWD and upnd supporter. This really demonic.E.g one say Sata musungu,all of them begin to say the something which end up being gospel truth.Come 2016 the opo will loose.
Its interesting how these debates are going,let me first gather data i will comment later
An impulse decision will definitely not work. A think tank should be set up comprising economists, entrepreneurs etc to brain storm the whole process. From the debates one can tell that there is something people know either in the positive or negative. If these are put together and analysed, a beneficial direction can be found. Such kind of groupings are the ones we need to set up before something of IDC magnitude is set up. Instead only tribunals which do not even yield any tangible results. We are following and waiting.
Could someone in government please elaborate where the selfsame funds for this white elephant will come from as it makes no sense even debating this issue. These guys can not balance the books at RDA. These guys have LAMENTABLY FAILED to modernise ZRL or even account for the $750m EuroBond its folly to even think of them overseeing a conglomerate like IDC. ZRL would have been the template for job creation, just upgrading the track would have created a lot of jobs and then bringing modern electric locomotives would have been the way forward…they couldn’t just stomach having a modern rail as that would have made their road haulage firms obsolete.
I guess the left the work to us as we will pick up the pieces and build our nation when these dinosaurs are finally extinct.
It is a case of a bemba supporting each other for wrong reasons. Can Sata be a cut from a different cloth? Please, give us a break from this stupidity.
A bemba should be the last person to accuse other tribes of stealing.