
President Rupiah Banda has said the partial sale of Zamtel to a Libyan company is irreversible because it has been done legally.
The president said United Party for National Development (UPND) president Hakainde Hichilema is exhibiting ignorance by saying the sale will be revoked.
Mr Banda said the sale of Zamtel to Lap Green Network was binding on the Zambian Government as it had been done within the law and there was no way of reversing the process.
He said Mr Hichilema was exhibiting lack of political and legal understanding by asserting that he would reverse the privatisation of Zamtel if he comes into power.
Lap GreenN, which had bought 75 per cent shares in Zamtel at US$257 million, would have long paid the money to Zambians and investment would have taken place, which would render the process irreversible.
On arrival from Mfuwe where he went for a three-day working holiday, President Banda wondered where the money to pay Lap GreenN of Libya would come from especially that everything had been done within the requirements of the law.
President Banda said Mr Hichilema was merely exposing his failure to understand politics and wondered where he was getting the muscle to condemn a process that had been widely accepted by the workers and stakeholders.
“Where will he get the money to pay those Libyans? He does not understand politics. Most of the privatisation in this country was done by Mr Hichilema and we have not reversed what he did,” President Banda told journalists in an interview.
Government at the weekend concluded the sale of Zamtel to Lap Green N of Libya. Finance Minister Situmbeko Muskotwane said Zamtel had become a drain on the treasury as it was making losses.
And Mr Banda dismissed sentiments by Mr Hichilema that the ruling party was shaken by the launch of the Patriotic Front and UPND (PF/UPND) Pact going by the huge support his Government continues to enjoy.
Mr Banda said huge crowds of people welcome him wherever he goes, citing Mfuwe where he was well received during his three-day working holiday.
“Do I look like I am shaken? Even last year they launched the pact and now we thought they would announce their leader. I don’t understand what they launched,” the president said.
The president was reacting to sentiment by Mr Hichilema on ‘Let the People Talk’ programme on Radio Phoenix on Tuesday that the MMD had been shaken by the launch of the pact last Saturday.
Meanwhile, Mr Banda has said The Post newspaper editor-in-chief, Fred M’membe should not kill himself to put the Government on a black spot in view of his continued attacks on the Government over his contempt case.
Mr Banda said Mr M’membe’s problems were with the courts that cited him for contempt and had nothing to do with the Government.
The life of Mr M’membe could not be said to be in danger on account of his court appearances over an offence committed in court.
The president said he was not a man-hunter and that Mr M’membe’s allegations were far from the truth.
Mr Banda also said he sympathised with Health Deputy Minister Solomon Musonda who shot and wounded a PF cadre identified as Jackson Musaka last month.
President Banda said the matter would be left in the hands of the police and the Director of Public Prosecutions (DPP) to resolve.
The president said he would not take any action against Dr Musonda to allow the law enforcement agencies to deal with the matter professionally.
“I feel sorry for him. He is a very professional man but I will leave the matter with the police and the DPP,” Mr Banda said.
The president also called for more investment in the vast game reserves, forests and national parks in the countryside.
Mr Banda said he was taken to areas in the Northern parts of Luangwa National Park and discovered that massive forests were under-invested which must be changed.
He said there was so much potential for huge investments in the valley areas around Luangwa National ?ark.
Vice-President George Kunda, Information Minister Ronnie Shikapwasha, Home Affairs Minister Mkhondo Lungu, State House Minister Ronald Mukuma, Agriculture Minister Peter Daka welcomed the president on arrival at City Airport.
[ Times of Zambia ]