Katele says inquiry on privatization waste of money

Katele says inquiry on privatization waste of money

Former Minister of Finance Katele Kalumba has cautioned against opening up any inquiry into the privatization of Zambian assets.
Dr. Kalumba said that it is not in the best interest of the nation to start opening up issues it has limited information about.
In an interview with QTV News by telephone Dr. Kalumba has advised Zambians to let, what he has termed as the sleeping dogs, lie.
Dr. Kalumba, who was Cabinet Minister during the Frederick Chiluba MMD led government , said that whether it was an individual or a group of Zambians that benefited from the privatization exercise, this was not right to start opening issues.
Dr. Kalumba, however said that if Zambians, still want to open an inquiry into the privatization of national assets, they must also open up all information relating to the transfer of control of national enterprises.
Dr. Kalumba said that if people calling for this inquiry are doing so in national interest, they must equally ask themselves whether this national interest is strategic or vital.
Dr. Kalumba, said that he was of the view that if Zambians ask themselves these questions, they will then understand whether opening an inquiry into the privatization of Zambia’s assets is something they want to do or not.
The Former Minister of Finance has advised Zambians to realize that privatization in Zambia involved various governments and was linked to the Heavily Indebted Poor Country (HIPC) completion point, adding that this was why he is counseling people in Zambia to let the sleeping dogs lie.

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