Home Zambia News There is nothing wrong with government listing ZAFFICO

There is nothing wrong with government listing ZAFFICO

National Democratic Congress Consultant Chishimba Kambwili says there is nothing wrong with government listing ZAFFICO or any other company on the Lusaka Securities Exchange.

And Mr. Kambwili who said he is not aware that ZAFFICO has been sold says listing a company on the stock market is the only sure way of raising capital.

He says it will be wrong for anyone to reverse the listing of the company on the stock market describing such threats as retrogressive.

“That is absolutely retrogressive. there is nothing wrong with government listing any company on the stock market”, Mr. Kambwili said when he featured on the breakfast show on Hot FM.

Mr. Kambwili however said that government must ensure that the intererest of the local people is protected and not foreigners whether Chinese or South Africans when the Company is listed on the stock market.

And Mr. Kambwili said he is not clinging on to the PF but wants to prevent the creation of a by election which will be created once the seat is nullified.

“As long as the people of Roan Constituency do not ask me to leave, I will remain Member of Parliament and continue protecting the seat. No one can push me out of the PF as long as I don’t want to leave, actually I have already left”, He said.

Meanwhile, Mr. Kambwili said he has no reason to work with President Edgar Lungu due to the rampant corruption going on in his government.

“Even when am offered the position of Vice President I can’t go back to PF unless PF comes to the NDC, I can’t work with them”, He said.

source: lusakatimes

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