The Zambia Forestry and Forest Industry Corporation (ZAFFICO) has refuted allegations that the company has been sold to a foreign company.
ZAFFICO Board Chairperson Trevor Kaunda said the company has not been sold to any foreign company, but remains fully owned by the Industrial Development Corporation (IDC).
Mr. Kaunda has assured the general public that there has been no such transactions of transfer that has taken place between ZAFFICO and a foreign company.
He noted that the top management has since decided to visit ZAFFICO offices in the province, to interact and reassure workers and stakeholders that the company has not been sold to anyone.
ZANIS Reports that the Chairperson said this today in Ndola when ZAFFICO management and Industrial Development Corporation management paid a courtesy call on Copperbelt Minister Japhen Mwakalombe.
And Copperbelt Minister Japhen Mwakalombe says the province is happy that the team has decided to come and clear the allegations surrounding the matter.
Mr. Mwakalombe further said government is saddened that people resort to rioting over matters, before getting clarification from the relevant authorities.
The Minister has also appealed to everyone who is in a habit of spreading falsehood, to always remain factual before causing panic in the nation.
Mr. Mwakalombe has also called on the media to verify facts before reporting, adding that people take what comes from the media as the gospel truth.
Yesterday some members of public took to the streets of Kitwe, to riot over allegations that ZAFFICO has been sold to foreign investors.