The chief executive of ZPA, Valentine Chitalu, he was also a Director of ZCCM. Mr. Willa Mung’omba, a member of the ZCCM Privatisation Negotiating Team, was also Director of ZCCM
Francis Kaunda,the chairman of the ZCCM negotiating team who was appointed over the heads of the ZPA Members, was also former chairman and chief executive of ZCCM.
Mr Abel Mukandawire was chairman ZPA.
Mr Luke Mwananshiku
Mr Edward Shamutete
Mr Kaunda Lembalemba – Minister of Mines
Mr Enoch Kavindele – Minister of Commerce
Mr R Penza – Minister of Finance
Mr Lewis Preston – Former president of World Bank
Mr Bwalya Ngandu ZIC 1998 Budget Speech on privatization (this is to show Zambian people that it was not only HH who bought shares) I quote Mr. Speaker, Sir, it is encouraging to note that by now there are approximately 6,000 Zambians who have invested in our stock market. This goes to show how well the public is responding to Government’s liberalisation and investment policies, and with how much foresight the Government had moved to establish the Lusaka Stock Exchange. [Ronald Penza, Minister for Finance, Budget Speech 1998]
The only few MPs who were brave enough to criticize the might mafias of the MMD govt was Mr Bob Sichinga Isoka east independent MP and Mr Akashambatwa Mbikusita-Lewanika Agenda for Change president, Mr Sebastian Zulu Veep in UNIP.
WHAT ABOUT THOSE ZAMBIANS IN PRIVILEGED POSITIONS LIKE ZPA, GOVT AND AGENTS
Any member of the ZPA, or consultant to the ZPA, and their immediate families and professional partners are required to disclose any conflict of interest. However, this disclosure is not made publicly but to the Director of the ZPA who has total discretion in deciding what action (if any) is appropriate in each case.
Those responsible for the implementation of the Privatisation Programme may not participate in the programme except through public share offerings.Political leaders and public officers are required to publicly disclose their intention to bid for shares in a State owned enterprise, except in the case of public flotation.
The ZCCM privatisation – by far the most important of Zambia’s parastatals – is one notable exception.Negotiations over the sale were being led by the international merchant bank, N.M. Rothschild until, at the end of March 1997, Mr. Francis Kaunda was appointed by the President, rather than by the ZPA board, to head the ZCCM Privatisation Negotiating Team. This directly breached the act. I have researched and researched l can’t find the name HH mentioned any where for doing any wrong. l am appealing from those falsely accusing him to kindly share the evidence to the contrary.
The Auditor General of Zambia also audited the privatisation process and the reports are available for public consumption. The only mention you will get in those reports of any linkage to HH is the FACT that the firm of consultants he was WORKING for was engaged to value the companies and recommend to government.
The most irritating observation by these reports is that the government in most cases ignored the professional advice and sold the companies for a fraction of what the valuers recommended. Even a company like UBZ which was financially sound, was liquidated against the recommendation not to sale it as it had more assets than liabilities!