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Spotlight on Stopira Sunzu

Sunzu scored the opening goal in Zambia’s 3 – 0 bashing of Sudan .

Zambia will be facing Ghana in the semi-finals . This will be the toughest match for the team in the competition so far .

Sunzu began his career with his brother Felix Sunzu at Afrisport FC and joined 1995 with him to the ex club of his father Konkola Blades. After a super performance in midfield at the 2007 U-20 World Cup, the 19 year old was invited for trials at English side Reading The Championship side was keen on securing him on longer deal but due to a work permit hitch, things did not materialize. He signed an loan contract for LB Châteauroux in September 2008 and turned after the season end on 30 June 2009 back to his club Zanaco FC. Sunzu currently plays for TP Mazembe of Democratic Republic of Congo and was sent off in their opening 2010 FIFA Club World Cup game.

International career

He made his debut against Botswana In a 2009 African Championship of Nations Qualifier. Sunzu helped the Zambia national under-20 football team to a 1–1 draw against Saudi Arabia with a goal. Sunzu presented his country at 2007 U-20 World Cup in Canada. He is included in the squad for the on-going AFCON.

 

 information

Full name Stophira Sunzu
Date of birth 22 June 1989 (age 22)
Place of birth Chingola, Zambia
Height 1.89 m (6 ft 2 in)
Playing position Midfielder

Club information

Current club TP Mazembe
Number 16

Youth career

Afrisport F.C.

Senior career

Years Team Apps Goals
2005–2007 Konkola Blades 20 8
2007– Zanaco FC 7 0
2008–2009 ? LB Châteauroux (loan) 0 0
2009– TP Mazembe

National team

2005–2007 Zambia U-21 41 10
2008– Zambia 7 1

 

BY KAPA187

Chibamba Kanyama authors book on FDI in the SADC region

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File:Lusaka economist Chibamba Kanyama talking to young people during a youth conference in Lusaka

Zambian author, Chibamba Kanyama, has written a book entitled, ‘Determinants for Foreign Direct Investment in the Southern African Development Community’ with a particular focus on Risks and Opportunities. The book has been developed from a manuscript submitted by the author during his Master of Science research at the University of Reading in the UK in 2001. A German publishing company has identified the manuscript as having great potential for a global market and has offered to publish it as a monograph.

Speaking about the book, that will be distributed worldwide sometime early this year, Mr Kanyama said that he was happy that his manuscript has been found good enough to be published into a book. He added that the book will be highly relevant for Zambian policy makers who need to fully comprehend the dynamics of FDI in the country and how to engage with foreign investors in an informed manner.

The book, whose foreword is written by Professor Kenneth Mwenda of the University of Pretoria, examines real-life challenges to FDI in the SADC region such as the competitive weaknesses of individual countries, political and economic risks as well as the concentration of FDI in non-value adding sectors. The book further examines the opportunities linked to FDI in the SADC, most of which are associated with privatization programmes and investments in human capital and infrastructure.

The book begins by offering perspectives on the global trends pertaining to FDI before examining contemporary theory relating to the determinants and benefits of FDI to host countries. The focus of the book is in examining FDI trends in the SADC region, and provides valuable insights into the sectors that have attracted FDI most. In addition, notable deterrents to FDI are highlighted, and the author pursues a thesis that centers on the competitiveness of individual SADC Member States in attracting FDI.

The author also critically analyses some FDI policies, statutory codes and incentives in some SADC Member States such as Zambia before examining the issue of deregulation as a possible means to enhance private sector participation in the region.

‘Determinants for FDI in the SADC’ is Chibamba Kanyama’s third book after Business Values for Our Time and Achievement Values for Young Adults published in 2010 and 2011 respectively.

Elias Mpondela resigns from his National Housing Authority position

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NHA Chief Executive Officer Elias Mpondela
NHA Chief Executive Officer Elias Mpondela

National Housing Authority Chief Executive Officer, Elias Mpondela has resigned. National Housing Authority Chairman Mundia Muya announced that Mr Mpondela has left the institution to pursue other interests. Dr Muya said this in a statement issued to ZNBC news in Lusaka.

He said that although National Housing Authority regretted Mr Mponde’s resignation, the board appreciated the valuable contribution that he rendered to the institution.

Mr Mpondela was appointed Chief Executive Officer of National Housing Authority in August 2009.

Last month, workers at National Housing Authority (NHA) in Lusaka downed tools demanding, among other things, the dissolution of the board and removal of top management officials for allegedly “bringing problems” to the organisation.

According to NHA union branch chairperson, Oscar Mwananyanda, the main cause of the work-stoppage was to push management to pay the workers their commutation of leave days. This was to enable them attend to some of their children’s school requirements as the current education allowance was inadequate.

The workers were demanding that Mr Mpondela, human resources manager and director of finance, among other senior staff, be investigated for allegedly “bringing problems at the organisation”.

Mr Mwananyanda cited, among other problems, the alleged unnecessary trips abroad by senior management staff using company funds.

Their other complaint was that employees were being denied salary advances when faced with problems.The workers accused management of non-remittance of Pay-As-You-Earn to the Zambia Revenue Authority (ZRA) as well as contributions to the National Pensions Scheme Authority (NAPSA) even after making deductions from workers salaries.

ZNBC

Kalaba Is One of Africas Best-Renard

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Herve Renard has said he rates influential playmaker Rainford Kalaba as one of top 15 players in Africa.

Kalaba has so far won two man of the match awards at the ongoing Africa cup in Equatorial Guinea from four games played and scored one goal.

Renard said at his Sunday briefing at Hotel Elik Melen in Bata where the team is staying that had Kalaba not been suspended for the 2010 quarterfinal match that Zambia lost to Nigeria on post-match penalties in Angola, the complexion of that match would have been different.

“You know when we played the 2010 quarterfinals he was suspended and yesterday before the game I said we are lucky because Rainford is here,” Renard said.

“For me he is one of the best players in Africa, maybe in the top 15.

“Do you know the name his teammate are calling him on the pitch? They are calling him master.

“When they are asking for the ball they call out master, master!

“I think the word can only explain everything and how important he is to the team.”

Bye Bye Lap Green, It Was NOT Nice Meeting You.

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By Maurice Makalu

I thought I could share some important information from around Africa about the FORMER owner of Zamtel, in case some of you miss them. And just by the way, I would like to appeal to those who have been scared by some UK legal expert who said Zambia could pay as much as $3 billion in penalties to please chilax. He was just bluffing, probably because he wished he could make some money from Lap Green’s losing battle. You know lawyers and their marketing: threats and intimidation to the opponent!

If there are any who are indeed scared by that expert, it is simply because they have not read the sound legal arguments, facts and exhibits in the Sebastian Zulu report. So their ignorance is causing the fear and it is being exacerbated by politicians of doom and gloom. If not that then they are scared simply because they feel inferior to “UK people.” So it is “UK” that is scaring them.

Here is Lap Green for you….from around Africa.

1. UGANDA – 16 Dec 2011

“Uganda Telecom Ltd (UTL) will receive capital from the Libya Africa Investment Portfolio Green Network (LAP Green Network), which owns 69% of the telco, according to local news source The Observer. LAP Green Network’s new board chairman Wafik Shater said ‘We are currently looking at UTL’s critical funding need for the remainder of this year. After ascertaining the actual funds required, we will inject them into our operations here.’ UTL has suffered indirectly as a result of sanctions imposed on LAP Green Network by the UN during Libya’s civil war, worsening the telco’s already substantial debts.”

Lap Green took over UTL in July 2007. So, by the time of UN sanctions in March 2011, UTL under Lap Green management was ALREADY in WORSENING substantial debts. In March 2011 UTL’s network was disconnected from MTN Uganda over $8.27 million in disputed interconnection fees. Service has resumed but the matter is still in court. In September Airtel Uganda threatened to follow suit, over a further $4.2 million in payments.

So when you hear anybody say Lap Green Uganda is a success story, know they are just lying. Pray for them to show some love for mother Zambia.

2. RWANDA – April 2011

“Rwanda is looking for suitors for national carrier Rwandatel after the government stripped Libya’s LAP Green Networks operating license last month (March 2011). The Rwandan government stripped LAP Green Networks of the license for failing to meet key performance targets in terms of investment, network roll-out, coverage and quality of service. Although Rwandatel acquired its operating license in 2007, it only started mobile operations in December 2008.”

UN Sanctions were imposed on Libya on March 29,2011, so they were not the cause for Lap Green’s failure to pay. As at January 2012, a Rwandan court ordered that Rwandatel be liquidated. Lap Green is joining the line of chancers to take over Rwandatel.

3. NIGER – June 2011:

“Niger’s government has canceled an agreement for LAP Green Network of Libya to buy 51 percent of state-owned telecommunications companies Sonitel and Sahel Com, said Salifou Labo Bouche, communications minister. We are currently looking for another buyer,” the minister said on national television yesterday. The decision comes after the government “waited in vain” for a payment from the Libyan company, he said.”

The agreement was signed in Jan 2011, so for 6 months, Lap Green couldn’t pay. We can’t even use the excuse of a civil war because in Jan 2011, Libya was peacefully under Gadhaffi. Only Tunisia was in flames.

4. ZAMBIA – January 2012

So if Lap Green is such a calamity in other countries, how did it manage to succeed so quickly in Zambia? Several reasons:

(a) Zamtel had the best infrastructure amongst all of Lap Green’s acquisitions in Africa.

This is really the main reason. This is shown by the fact that when ZDA announced the privatisation of Zamtel in mid 2010, it said Lap green would invest $127 million over three years following privatisation. Mr. Hans Poulsen, then CEO, was quoted as saying, “The investment will mainly go into restructuring the company; acquiring new technology, building a 3G network, extending network coverage and at the same time re-launch the brand.”

However, in January 2012, newly appointed Chairman of LAP Green, Wafik Alshater, said, “Zamtel is now a Zambian success story. SinceLAP Green’s acquisition, the telecommunications company has attracted over 400,000 new customers and grown its market share from 3% to 11%. Lap Green has committed itself to investing US$129 million (ZK670 billion) in Zamtel over two years so as to create a truly competitive and world class telecommunications company.”

This means by January 2012, that $129 million investment was yet to be done. So the success from 2010 to date was on already existing Zamtel infrastructure.

(b) This best infrastructure was given to them on a silver platter.

In addition to receiving the gift of $64.25 million (money for 25% shares) from government to fund its first year operations, government settled its telephone bills which at acquisition amounted to $7 million and at the time of the Zulu report, only $100,000 was outstanding. So in just over a year, government gave Lap Green $71 million free of charge. On top of that, it cancelled tax liabilities amounting to $100 million. Furthermore, Lap Green did not pay the $257 million in full. Instead $64 million of that was to be paid as equity capital over three years.

So who on earth can fail to succeed when there is free money coming from all over?

(c) Zamtel only needed to retrench, not to “desperately” recapitalise, to become profitable. So whoever would have had the guts to fire its employees would have succeeded.

As at March 2010, Zamtel revenue was K385 billion, its staff costs were K253 billion. This was 65% of revenues compared to industry average of 25%. The loss at the same date was K104.8 billion.

So all somebody needed to do was to fire the excess 40% staff costs. This would have translated into cost savings of K154 billion (40% of revenue). The $71 million that was given to Lap Green could then have been channeled into retrenchment packages. Zamtel would have instantly become profitable, like it did under Lap Green, and the other creditors it had would have been settled, including the cancelled $100 million tax liabilities.

5. ZAMTEL: BEST PRIVATISATION DEAL IN AFRICA???!!!

Given the above, what did those politicians and “experts” mean when they told us to celebrate and be proud, saying, “Zamtel was the best telecoms privatization deal in Africa?”

They meant that out of 10, some got zeros, ones and twos; we were the only one with a three: the best among the worst.

6. LIBYA – 27 January 2012

Libya is undecided on the future of its African investments. Mohammed Abdul Aziz, Libya’s deputy foreign minister, admitted on Thursday that the National Transitional Council (NTC) does not yet know the exact extent of Libyan investments on the continent.

Earlier this month, Mustafa Abdul Jalil, the chairman of the NTC, said: “There may be investments that would be better for the Libyan people for them to be closed”. Abdul Jalil added, however, that Libya would increase its investments in Sudan, particularly in agriculture and property. “Reason and justice require us to direct agricultural investments close to Libya instead of the Far East or Central Asia,” he said.

7. CONCLUSION

Now you know. There is nothing to miss about Lap Green. Let us just calculate their change from whatever they spent, give them back and remain with OUR Zamtel. But also, let us not rush to mass re-employee in the name of “creating jobs.” That would be foolish!

Spotlight on James Chamanga

Last night Chipolopolo made Zambia proud by convincingly beating Sudan, 3 goals to 0 ,and qualifying to the semi-finals for the first time in 16 years .

The  goals came from Sunzu in the 15th minute , Katongo in the 64th through a penalty, and Chamanga , coming in as a substitute for Mayuka ,in the 86th minute.

Here is a look at Chamanga’s career.

CAREER

Chamanga made his international debut on 26 February, 2005 against Botswana and five months later he scored his first international goal in the COSAFA Cup semifinal against South Africa. His goal against Bafana Bafana earned him his first move abroad as the then South African Premier Soccer League side Bush Bucks signed him in 2005. After Bush Bucks were relegated in 2006 he signed with Supersport United where he was the club’s top goalscorer for the 06/07 season.

He was part of the Zambian 2006 African Nations Cup team, who finished third in group C in the first round of competition, thus failing to secure qualification for the quarter-finals. He netted Zambia’s opener against Sudan (2008 African Nations Cup) in the Chipolopolo’s 3-0 win. Chamanga also scored Zambia’s first goal at the 2006 African Nations Cup against Tunisia.

He scored a record-breaking five goals for Swallows in a 6-2 league win against Platinum Stars on December 9, 2007. This included a hat-trick between the 20th and the 24th minute.

In April 2008, Chamanga moved to Chinese Super League club Dalian Shide, after he scored 14 goals in ABSA Premier League for Moroka Swallows in the previous season.

 information
Full name James Chamanga
Date of birth February 2, 1980 (age 32)
Place of birth Luanshya, Zambia
Height 1.7 m (5 ft 7 in)
Playing position Striker
Club information
Current club Dalian Shide
Number 11
Senior career
Years Team Apps Goals
Makumbi Stars
-2003 City of Lusaka F.C.
2003–2004 National Assembly FC
2005 ? Zanaco FC (loan) 27 10
2005–2006 Bush Bucks 24 7
2006–2007 Supersport United 23 8
2007–2008 Moroka Swallows 21 14
2008-present Dalian Shide 93 20
National team
2005– Zambia 45 16

BY KAPA187

Bank of Zambia should explain fake money allegations – Magande

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Former Finance Minister Ng’andu Magande has said that the bank of Zambia should explain the reports that the MMD printed fake money.

Mr. Magande said that the bank of Zambia should come and tell the nation what went wrong in the printing of the money.

In an interview, Mr. Magande stated that the printing of currency is the responsibility of the bank of Zambia.

He added that if the reports are not verified, it has the capacity to cause panic in the running of the government.

He said that the bank of Zambia should ensure that it explains to the Zambians on the allegations of printed fake money.

Commerce minister Bob Sichinga revealed on Thursday that the MMD government printed fake notes from China which they used to distribute in the villages during campaigns.

Mr Sichinga said that the money was printed in China and was dished out to rural areas to woo voters.

Mr Sichinga went on to say that part of the bogus K 3 trillion had initially been intercepted at NAKONDE Border Post in MUCHINGA Province by Vigilant members of the public.

Mr Sichinga made the disclosure in Kitwe when he addressed members of the business community at a consultative meeting.

Inspite of the massive illegal print of counterfeit money, the PF won the September 20 tripartite elections because the people of Zambia wanted change, Mr Sichinga concluded.

QFM

When You’re in Deep

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TODAY’S SCRIPTURE
“They saw the works of the Lord, his wonderful deeds in the deep”
(Psalm 107:24, NIV)

TODAY’S WORD from Joel and Victoria
The scripture says is Psalm 107:23, “They that go down to the sea and do business in deep waters, they will see the wonders of God.” Friend, you and I were created to do business in deep waters. In other words, we’re not supposed to have little dreams or little plans. We are supposed to have big dreams. We are supposed to go out into the deep things God has for us.

But understand, when you’re out there in the deep waters, you can’t touch the ground. You can’t see the shoreline, and at times, it can get a little rocky. You may not always see how things are going to work out. But, the scripture tells us that deep calls to deep. In other words, God is the one who has called you to the deep waters. He is with you, and He knows there are deep things on the inside of you. Remember, in deep waters, you are not alone. God is with you, and He’s causing those deep things inside of you to come forth.

If you feel like you are out in the deep today, if you feel like you are overwhelmed, remember, you are in the right place and God is with you. You will see His wonderful deeds in the deep, and you will fulfill the plan He has in store for you.

A PRAYER FOR TODAY
Father in heaven, I surrender every area of my life to You. I hunger for every single thing You have in store for me. I choose to trust You out in the deep waters knowing that You have good things in store for me in Jesus’ name. Amen.
— Joel & Victoria Osteen

VJ urges Government to bring down printing costs to encourage Zambia to write books

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Vernon Mwaanga
Vernon Mwaanga

GOVERNMENT must help bring down the cost of printing to encourage more Zambians to write books that could even be used in the school curriculum, veteran politician Vernon Mwaanga has said.

Mr Mwaanga said the cost of printing books in the country is high and many Zambians are discouraged from writing.

He made the appeal in Lusaka on Friday night when he officiated at the launch of book entitled ‘The Diary of a Zambian Saint’.

The book is written by a 19-year-old boy, Darrell Phiri, of Kitwe.

“We also need to change our reading culture, we have very few Zambian writers but receive little support because many Zambians have no culture of reading,” Mr Mwaanga said.

Mr Mwaanga said while the levels of education are going up, the reading culture has continued going down.

He said a study conducted by UNESCO revealed that for every newspaper copy bought in the past 9 to 10 people used to read it, but currently only 5 to 6 people read the copy.

Mr Mwaanga said the research does not speak well of the reading culture of the country. He hoped the book written by Darrell will inspire more youths to write books that could be used in schools in literature, music and drama lessons.

And author of the book Darrel urged youths to explore their energies to discovering their skill and talent. He said this would enable them to apply to the maximum their potential and resist pressure from parents to pursue careers they do not want.

And Lusaka business Rossi Gaudenzio urged government to re-establish libraries that have gone into oblivion as it will inspire youths to go and borrow books.

Dr Gaudensia urged writers to include more details about Zambia in their writing to help market Zambia in the tourism sector.

[Zambia Daily Mail]

I respect RB like my father-Malama

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Inspector General of Police Martin Malama
Inspector General of Police Martin Malama: To issue Statement on Tuesday

INSPECTOR-General of Police Martin Malama says he has nothing but respect would for former President Rupiah Banda who described him as ‘silly’ for issuing an international arrest warrant for his (Mr Banda’s) son, Henry.

Dr Malama, a devout Christian said his cultural, traditional and Christian values do not allow him to answer back to elders, even if they insult him.

“I have great faith in our traditional and cultural values. Above all, Zambia is a Christian nation. So, I chose to remain silent,” Dr Malama said adding, “I note that Mr Banda is the same age with my own father.”

Dr Malama was reacting to Mr Banda’s angry outburst regarding the arrest warrant issued against Henry.
The former President on Wednesday described police action to issue an arrest warrant for Henry as “silly.” The fugitive was recently spotted in Kenya.
The former President said he would address all matters relating to his sons during a press briefing planned for next week.

But the question about the whereabouts of Henry, who the police are pursuing and have issued an international arrest warrant over alleged criminal activities, prompted Mr Banda to respond, saying it was “silly” for the investigative wings to embark on such a move.

“He is silly whoever issued it. He (Dr Malama) the head of police, is supposed to be protecting Zambians instead of inciting people,” Mr Banda said.

Mr Banda earlier said he was saddened by people who were trying to create an impression that Henry was a criminal.

On Tuesday, Dr Malama appealed for cooperation from 190 Interpol member states to help in tracking Henry down.

Dr Malama said the police had notified Interpol about allegations against Henry.

[Zambia Daily Mail]

Zambia Is Happiest AFCON Team-Katongo

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This is the happiest team at the Africa Cup, said Christopher Katongo after Zambia beat Sudan 3-0 to reach the semifinals.

Katongo said the team was excited to have ended Zambia’s 17 year old semifinal draught but that there was still a lot of work to do.

“We are the happiest players but the work has just started and the need to solider on we have to work to reach the final from the semifinals,”  Katongo said.

Katongo added that the team was moved by the post-match victory parties that are hitting the streets back home but urged the fans to celebrate them safely.

Last week two fans died celebrating Zambia’s quarterfinal qualification.

Zambia secured their semifinal passage thanks to goals from Stopilla Sunzu, Katongo and James Chamanga in the 14th, 66th and 87th minutes respectively against 10-man Sudan.

Sudan were reduced to 10-men in the 66th minute after Eldin Ali brought down Rainford Kalaba in the box before Katongo stepped up to convert the penalty on the rebound after Salim Aram had parried the initial spot-kick.

Zambia await to know their semifinal opponent on Sunday when Tunisia and Ghana clash in Franceville, Gabon in the last quarterfinals of the Africa Cup.

Zambia-Sudan Line-ups and Live Streaming (Final Score: Zambia 3 : 0 Sudan)

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Here are the lineups for the Zambia-Sudan Africa Cup quaterfinal match to be played at Estadio de Bata today.

 

ZAMBIA: 16-Kennedy Mweene, 4-Joseph Musonda, 5-Hichani Himoonde, 6-Davies Nkausu, 3-Chisamba Lungu, 13- Stoppila Sunzu, 19-Nathan Sinkala, 8-Isaac Chansa, 17-Rainford Kalaba, 11-Christopher Katongo (Capt), 20-Emmanuel Mayuka

Subs: 1-Kalililo Kakonje , 22-Joshua Titima ,2-Francis Kasonde, 10-Felix Katongo,14-Noah Chivuta, 15-Kampamba Chintu, 18-Evans Kangwa, 23-Nyambe Mulenga, 21-Jonas Sakuwaha,9-Collins Mbesuma, 12-James Chamanga

Absent: 7-Clifford Mulenga

SUDAN: 21-Salim Akram , 23-Hamid Nazar,19-Mohamed Ahmed,  17-Mudather Eltaib, 15-Khalifa Ahmed, 10-Mohamed Tahir, 9-Eldin Ali Idris, 8-Hitham Mostfas (Capt), 6-Musaab Omer, 4-Eldin Yousif 3-Muawia Bashir

Subs: 1-Mohamed Eldin , 16-Almoiz Mahgoub , 4-Eldin Abdalla,7-Ramada Agab, 11-Fasial Musa, 13-Amir Kamal, 14-Balla
Gabir, 20-Mohamed Musa, 22-Abdelrahman Ishag, 12-Eldin Aldod, 2-Mohamed Shaikh

Referee : Bakary Gassama (Gambia)

Sata delegates Kambwili to represent him at AFCON, promises to facilitate fans trip if Zambia reaches the final

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President Michael Sata

President Michael Sata has delegated Youth and Sports minister Chishimba Kambwili to represent him at the closing ceremony of the Africa Cup of Nations in Gabon.

President Sata was invited by his Gabonese counterpart to attend the closing ceremony and final of the Africa Cup of Nations, which will take place in Libreville on February 12, 2012.

“Since I will not be availbale for this engagement, I have instructed the Honourable Minister for Youth and Sports to represent me at this important event,” President Sata said.

And the Head of State has sent his best wishes and luck to the Zambia National Soccer Team in this evening’s quarter-final match with Sudan in Bata in mainlaind Equatorial Guinea.

“So far so good and as President of the Republic of Zambia as well as Patron of the Football Association of Zambia (FAZ), I wish to encourage the nation to rally behind our Chipolopolo boys even as they aim to lift the 2012 Orange Africa Cup of Nations (AFCON) trophy,” the President says.

“Our boys have worked very hard to reach this stage and we can only wish them luck and victory. If our team reaches the finals, I pledge to fully support and facilitate the entry of the Zambian soccer fans into Libreville.”

Magande describes commissions of inquiries as a waste of time, calls on Sata to focus on developing Zambia

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FORMER Minister of Finance and National Planning Ng’andu Magande
FORMER Minister of Finance and National Planning Ng’andu Magande

Former finance and national planning minister Ng’andu Magande has charged that the number of commissions of inquiry is slowing down the pace of development for country.

Mr. Magande has described the commissions of inquiry as a waste of time for senior government officials who are suppose to attend to pressing national issues.

He says the time wasted on the commissions of inquiry could well be channeled to addressing the many challenges facing the majority Zambians.

Mr. Magande in an interview on the side lines of the ZANACO commission of inquiry has however stated that he is available for any explanation that might require his questioning on issues to with his time in government.

He says he has nothing to hide during the time he served as finance minister in late president Levy Mwanawasa’s government.

Mr. Magande has since pleaded with republican President Michael Sata to concentrate on developing the country.

And yesterday told the Sebastian Zulu led tribunal on the sale of Zanaco to Rabo Bank that he does not know how the US$8.25 million raised from the sale of the bank was used.

Mr Magande said he was not sure whether the amount raised from the sale of the bank was deposited into the national treasury.

Mr Magande denied ever interfering in the process of privatising the Zambian bank, saying all the proceeds from the sale went to the Zambia Privatisation Agency (ZPA).

“The money was paid by Rabo Bank but I am not sure if it went to the treasury or an account was opened elsewhere.

“It was not my responsibility as minister of Finance to privatise any companies. That was the duty of the ZPA and I followed the regulations of the duties of the minister of Finance,” he said.

Mr Magande said the responsibility of the minister of Finance in the transaction was only to sign away assets held by the state that had already been sold.

Mr Magande said he was not aware how the valuations of the assets were conducted as he signed the sale and purchase documents on an understanding that the technocrats who conducted the valuation were competent enough.

“The ministry of Finance had no role in privatising Zanaco and it was convinced that ZPA negotiators would come up with a good price and I never got into details on how they arrived at $8.25 million.

“I had a lot of things to attend to and I could not have looked at Zanaco, I was not concerned with its privatisation,” he said.

[Times of Zambia/QFM]

HH will not be coerced to condemn ‘Tonga Fundamentalists’

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United Party for National Development, UPND president Hakainde Hichilema
United Party for National Development, UPND president Hakainde Hichilema

The United Party for National Development says its leader Hakainde Hichilema will not be coerced to condemn any group of people that feel aggrieved by Southern province Minister Miles Sampa’s alleged tribal statements that insulted the Tonga people of Southern Province by suggesting that they can only ascend to the presidency if they marry Bemba women.

The UPND has since condemned what it describes as the hooligan behavior of the Patriotic Front cadres who trespassed and protested at Mr Hichilema’s residence yesterday.

Party Deputy Chairperson for Finance and Economics Kachusa Simusamba says PF and its government should understand that Mr. Hichilema does not act under instructions and ultimatums especially from such uncivilized behavior by the PF cadres.

Mr Simusamba says the PF and Mr Sampa should instead apologize for their alleged tribal insults to the people of Southern Province.

He says the party is further disappointed with police’s failure to act on the unruly PF cadres as this shows that they had blessings from the PF government and the police.

QFM