Edgar Lungu participated in privatisation process?

Filed under: Breaking News,Politics |

Documents have emerged indicating that President Edgar Lungu played a notable role during the unpopular privatization process of the 90s and 2000s.

The yet to be authenticated documents doing the rounds on social media show that President Lungu led a team of negotiators in the sale of Zambia Cold Storage Corporation Limited’s Lusaka Plant to Kembe Estates Limited in September 1995.

President Lungu and his surrogates have over the years used the involvement in the sale of state-owned enterprises as a potent political weapon against his main rival Hakainde Hichilema, even going as far as claiming that the latter sold the mines when the records say otherwise.

The documents further show that Hichilema participated in the sales of Intercontinental Hotel (Lusaka and Livingstone), Dairy Produce Board and Mpulungu Harbour, as negotiating Chairman.

Other prominent figures appearing in the records as having played prominent roles during the privatization process include former central bank governor Dr Caleb Fundanga, NAREP Leader Elias Chipimo and Former Minister of Commerce Emmanuel Chenda.



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Start: 2019-07-01 End: 2019-07-31