The truth about Zaffico

The truth about Zaffico

Letters to the Editor:

Zambians should read between the line there is no free Lunch .

Last monthy a Chinese mining company NFCA of chambeshi bought 612 ZAFFICO houses for sitting tenants from govt at $270,000 .The houses were handed over to ZAFFICO employees by Felix Mutati and hon kampamba MULENGA.

Few days later we saw an advert on Industrial Development Corporation ( IDC ) website for a tender for provision of transaction advisory services for listing of ZAFFICO on Lusaka stock exchange.

Could this be a coincidence for Chinese mining company buying ZAFFICO houses for $270,000 for free and listing of ZAFFICO at the Lusaka stock market ?

It does not make business sense for govt to justify that citizens will have an opportunity to buy shares in ZAFFICO, As an expert in natural resources management there are no profits in forests as compared to huge capital injection or investment.

Worldwide forests are mainly used for environmental conservation, as carbon sinks to fight against global warming not for proft Making. Surely which Zambian can invest into ZAFFICO when the returns are too minimal or nothing in a long run.Which capitalist or a Chinese would plant a tree today and wait for years to harvest?.

Let truth be told this is a business conspiracy, it is the Chinese who are interested in the forests land and not forests itself.
Under those ZAFFICO forests there is high grade of copper and other minerals.It does not make sense for a mining company to buy houses for forest empoyees when they own employees are homeless. LETS THINK OUTSIDE THE BOX.

Zambian lets wake up and protect our environment and our resources.
Vincent Chaile
President for Radical Revolutionary Party (RRP).

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COMMENTS

WORDPRESS: 6
  • comment-avatar

    Ok! Slowly catching up

  • comment-avatar

    @Kelvin Bwalya please shed some more light on the topic you have raised.

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    Civil War is looming created by PF 1 week ago

    PF is creating condition for internal civil strife. This is how the Rwanda war begun. Intolerance and lack of genuine dialogue and respect for opposition. Don’t get surprised when Zambia begins to burn

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    Jimmy shaba 1 week ago

    Sounds sensible

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    BaLazo 1 week ago

    Don’t be surprised to hear that they are eyeing diamonds or gold under those ZAFFICO forests. Somebody must have toped them.
    Is it true last monthy a Chinese mining company NFCA of chambeshi bought 612 ZAFFICO houses for sitting tenants from govt at $270,000 .The houses were handed over to ZAFFICO employees by Felix Mutati and hon kampamba MULENGA. Could this have triggered the firing of Mutati.

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    Kelvin bwalya 1 week ago

    Editor, the government in its drive to extract money through ZRA is about to put million of kwacha transfer pricing penalties on Professional Insurance

    . Amount worked out is K453,877,900 for occupation of 5th floor and penthouse of Finance House on Cairo Road by Mr. Mathani. The allegation is that he did not pay rent to Professional Insurance for 25 years.
    Transfer pricing penalty for 10 years is K240,000,000, bogus travel bills issued by Professional Travel to longest destination of Washington DC by Mr. Mathani, transfer of property and overcharging of rent by Finsbury.

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