Wednesday, June 19, 2024

HH moves to deal with Zamtel, appoints an adhoc team to suggest way forward

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President Hakainde Hichilema has started the process of dealing with the future of state run telecoms firm Zamtel after appointing a Technical Working Group.

The Group is expected to address the Technical and Strategic support to the implementation of the turnaround strategy for Zamtel.

The team is also expected to make recommendations and suggest appropriate solutions for the way forward.

According to a leaked appointment letter addressed to Mr Noel Nkhoma, the adhoc committee will soon be inaugurated by Technology and Science Minister Felix Mutati.

“Please nite that your participation in this Technical Working Group is cardinal as it will help in repacking some of the issues as well as coming up with reconnect and approaches solutions for the way forward,” the letter signed by Siazongo Siakalenge, Deputy Secretary to the Cabinet read.

But people close for the matter has revealed that the decision to set up a Technical Working Group is a mere smokescreen as the decision to private ZAMTEL has already been made.

“They are simply trying to hide behind semantics, the truth is that they are selling Zamtel and they just to use the so called Techinicak Working Group to validate their position,” the source said.

The source said government is aware that Zamtel only needs recapitalization to compete on the market but will not release the funds and allow the entity to deteriorate as a way of justifying its selling.

29 COMMENTS

    • @William instead of maturing up and debating issues like a full grown up sensible man, here you are mentioning Kaizer…How does this concern Kaizer? If you are obsessed or kaya if you are just dumb or jealous of Kaizer, the story here is about Zamtel…grow up man! you are the reason why we have mature people discussing petty issues of serious matters…nangu bututu bwapa social media nifi…aikona man!

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    • It appears you grew up in Choma and the only time you left was when you went to the USA… outside your relatives and tribesmen you don’t know anyone.

  1. The PF regime should have left Zamtel in private hands…. it has failed yet again as a parastatal,while the other two competitors Airtel and MTN are thriving….. why???? There is NO money now for endless bailouts for loss making parastatals.It sounds like a no brainer to me,just privatise the damn thing….

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    • That’s what they think…. remember FTJ once said we’re docile and one can rule us for as long as they want.

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  2. HH moves to deal with Zamtel, appoints an adhoc team to suggest way forward, this is the subject matter here how dose KAIZER ZULU came in? let us digest on move of what the head of state has made on zamtel and what people close for the matter has revealed. mr William Banda sir

  3. There is nothing to hold on to here,this is 2022 people .Zamtel needs to be privatised ASAP….we could keep maybe 20 /30 percent shares,thats it !!
    Government should simply play the role of regulator….through ZICTA.

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  4. Privatizing Zamtel is not a bad idea. I mean, what strategic importance does this company have after setting up ZICTA?

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    • It is a terrible idea. This is a key asset, like the roads of the country, that must be operated as a service and not as for profit corporation. This is company which must provide telecommunications services in areas where it may not be profitable because this is necessary for the development of the country.

  5. The problem is st.upid think Zambians can’t run or manage anything! It’s a shame… Zambians everything is going to be privatized…A puppet is been used by powerful nations…

    • It’s sad that the countries that encourage us to privatize our assets still hold onto theirs… it’s a pity we appear to be incapable of anything.

    • This has nothing to do with patriotism as it is a practical problem. The notion that Zambians cannot run anything is baseless because Zambians are running foreign companies anyway. That said, Zamtel is a genuine underperformer and has used taxpayer funds for recapitalization more than once. Privatizing Zamtel is a smart idea, but it has to be orderly and should allow for part listing on the LuSE for citizens to participate as well as getting an equity partner that will own the controlling stake (Local or Otherwise)

    • The problem is that UPND inherited a US $30 billion debt trap. The whole purpose of giving Zambian loans it could not repay was so that in order to get relief from that debt, it would be forced to sell its assets. This is how the game is played the problem here is what PF did not what UPND is doing. UPND is powerless, and to get money from the IMF, these are conditions it must accept

  6. BA LT, even simple Copy and Paste is a challenge for your so called reporters. TUPENIKO QUALITY PLEASE !!!
    How can you paste this garbage, and I quote ““Please nite that your participation in this Technical Working Group is cardinal as it will help in repacking some of the issues as well as coming up with reconnect and approaches solutions for the way forward,” the letter signed by Siazongo Siakalenge, Deputy Secretary to the Cabinet read.” End quote.
    The original text, doesn’t say anything like “nite”, repacking”, “reconnect”, etc…this is sickness !! Lack of focus. It is such people or reporters throwing litter at CBD.

  7. WHY IS THERE A MISCONCEPTION ON PRIVATISATION IN ZAMBIA? ARE ZAMBIAN CITIZENS NOT ENCOURAGED TO BUY THESE ASSETS SO THAT THEY CAN CONTINUE OPERATING? WE HAVE BEEN CRUCIFYING OUR VERY OWN ZAMBIAN CITIZEN FOR BUYING ASSETS DURING THE MMD PRIVATISATION AND LEBELLED HIM NAMES WORSE THAN THE DEVIL. PRIVATISATION DOES NOT MEAN FOR FOREINERS ONLY, STEP UP YOU ZAMBIAN PEOPLE AND TAKE CONTROL OF YOUR OWN ASSETS RATHER THAN HOPING GOVT WHICH IS LIMITED WILL DO EVERYTHING FOR YOU. WHEN OTHERS TAKE THESE OPPORTUNITIES YOU BEGIN TO THINK THEY ARE UNFAIR, WHAT BACKWARD THINKING INDEED MWEFIKOPO.

    • The assets belong to all Zambians. The Zambian people should control their own key industries. What we do not need is the continued sharing of our resources among a few people. The fact that YOU ARE a Zambian does not give you the right to appropriate to yourself something that belongs to everyone.

    • Date stamp? Letter is addressed to an individual. Maybe you should have referred to absence of acknowledgment by addressee

  8. WHY ARE ALL PROMPTING RESULTS OF THE TECHNICAL WORKING GROUP …. PLEASE JUST SIT DOWN BA 1.8, WE TIRED OF YOUR NEGATIVITY.

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