State House says ZAFFICO has not been sold to a foreign investor as alleged by opposition leader Hakainde Hichilema, recently.
Presidential Spokesperson, Amos Chanda says contrary to the opposition leader’s assertion, ZAFFICO and other 32 parastatals was being considered for listing on the Lusaka Stock Exchange to make them financially viable.
“Government is just in the process of listing ZAFFICO and 32 other companies under the Industrial Development Centre (IDC) ( on the Lusaka Stock Exchange ) to enable them raise funds, “ he said..
He explained that the State under the Patriotic Front (PF) administration has not sold any single company apart from repossessing some which were sold by previous administration such as ZAMTEL.
Mr. Chanda told journalists in Ndola during a media briefing that President Edgar Lungu would not even entertain any ideas of selling a company which is doing so well.
The Presidential Spokesperson also noted some elements of criminality in the statement which has since resulted in some protests by workers at ZAFFICO and since implored the police to thoroughly investigate the matter.
Mr. Chanda further disclosed that President Lungu has ordered Copperbelt province Minister Japhen Mwakalombe to hold a meeting with the saw millers to ensure that the matter is resolved.
In his statement made on Sun FM radio in Ndola on Thursday last week, Mr. Hichilema said that government had sold ZAFFICO to private investor.
And Mr. Chanda has also urged the media to be responsible in what it is channelling out to the public.
He said there was some levels of irresponsibility by the media to allow the leader of the opposition to allegedly make such a reckless statement with intent to alarm the nation.