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HH in trouble, gvt hints on nationalising Sun International Hotels

Filed under: Breaking News,Business,Politics |
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The government says it has received with great indignation reports that the former chairman for the Zambia Privatisation Agency (ZPA) negotiating team, Hakainde Hichilema, was one of the key perpetrators of extensive abuse of the privatisation process.

Government Chief Spokesperson Dora Siliya said the state is disturbed by the revelations made by Edith Nawakwi, a former Minister of Finance in the government that implemented the privatisation of State-owned enterprises allegedly exposing corrupt conduct by HH.

The revealations are to the effect that Hichilema, as chairman of the Privatisation Negotiation Team for the sale of Musi-o-Tunya Intercontinental Hotel, Rainbow Lodge and National Heritage Park, literally sold the entity to himself.

Nawakwi, through her various media engagements, has categorically stated that Hichilema failed to declare interest while presiding on the sale of public assets in which he had personal interest.

“Government finds Hichilema’s conduct, if true, to be a clear case of corrupt practices, bordering on non-declaration of interest, in winning a bid.

“Government is, therefore, studying the matter and is following closely the reaction by the citizens who are the true owners of the property in question,” said Siliya.

She added that the nation will be informed of the steps that the government will take should it become necessary to act on behalf of the citizens of Zambia.

Meanwhile, indications are that the government could be weighing in options to grab the Sun International Hotels among other companies Hichilema was involved in evaluation during privatisation.

Following Nawakwi revelations, the government hinted it may repossess the companies.

In an article published on the official PF Facebook page, lack of disclosure of interest by HH amounts to corruption according to the article will attract nationalisation.

Nawakwi cited the example of the sale of Musio-O-Tunya Intercontinental Hotel, Rainbow Lodge and National Heritage Park as one such example.

She disclosed that Hichilema literally sold the entity to himself using the cover of Sun International Hotels.

From her revelations Sun International risk being nationalized on the clear case of corrupt practices in winning the bid, as well as non-declaration of interest by the Privatisation Negotiation Team Chairman, Hichilema.

Zambia’s privatization programme was done under the IMF/ World Bank regulations whose stringent guidelines forbade such acts of corruption as allegedly perpetrated by Hichilema.

Nawakwi also said Hichilema was the consultant of Anglo America in the sale of the Mines and today his political party had linked funding by the same entity.

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