132 Responses to BREAKING News: ZAMTEL Sale REVERSED

1. 

   Thoughts

   January 5, 2012 at 5:22 pm

   LAP Green should get a re-fund!
2. 

   Senseless

   January 5, 2012 at 5:27 pm

   This is a costly move that PF has made. I read the comments with such sadness in that many of you do not understand the full implication of this. You may have your opinions but resorting to insults to those that have a different opinion from yours will not help you or this nation go forward.
3. 

   stop and think

   January 5, 2012 at 5:27 pm

   Gr8 news… Zamtel will only grow bigger… Zambia put in more money than lap greeN… We can run it our selves…
4. 

   since

   January 5, 2012 at 5:33 pm

   I honestly do not see anything about a reversal in the article except in the headline. Tumfweko are you concluding before the president does? In the story its says ‘Mr. Sata directed Mr. Zulu to prepare a memorandum so that a full Cabinet meeting could consider the next course of action on the matter’. That course of action doesnt say reverse sale. Yes the findings are irregular i agree but lets not ‘mwinshida nshila nya’. I must however say congrats to PF govt on outcome of inquiry I dont think it has been comprised.
5. 

   DK

   January 5, 2012 at 5:37 pm

   CONGRATULATIONS! YOUR EXCELLENCY FOR THE BRILLIANT MOVE! LONG LIVE PF! ABASH MMD !
6. 

   Wanyafye FC 2 Liverfool 4 (pitch too wet!)

   January 5, 2012 at 5:39 pm

   @ Zambia – what do u mean no investor will want to come to Zambia? You shud say : NO THIEVING INVESTOR WILL EVER WNAT TO COME TO ZAMBIA and I will agree with u. Even TB Joshua can predict that for 2012 – NO THIEVING INVESTOR WILL GO TO ZAMBIA!
7. 

   Wanyafye Tiger 3 Soweto Big Satrs 3 (Bola yachinja sistele)

   January 5, 2012 at 5:44 pm

   And who says LAP Green or Pink are innocent buyers? Receiving stolen goods is a crime. Ignorance of a law is no defence. Whenever u buying something too cheaply expect more cost coming your way – Ask FNB on Finance Bank.
8. 

   Takataka

   January 5, 2012 at 5:46 pm

   Another right move. What next? Consider Zambians sacked. Unemployment is rife in Zambia
9. 

   Pamela

   January 5, 2012 at 5:47 pm

   nalimyebele, pantu tamumfwa nomba mwamona bena dora na mwana rb?! muleumfwa ba swaini!
10. 

    QUEST

    January 5, 2012 at 5:50 pm

    if lap green paid any bribe its a loss and the truth will come out because they will need their cash back, RP capital unya …
11. 

    Zambia

    January 5, 2012 at 5:53 pm

    @Wanyafye FC 2 Liverfool 4 (pitch too wet!) – my friend this will scare them off the Thieving Ones and the Honest Ones. Maybe we should get TB Joshua to pray for our Leaders because all we get is them cheating us and stealing from us
12. 

    Jay Jay

    January 5, 2012 at 5:54 pm

    “Tumfweko has been briefed and understands.????” please give us something concrete!!
13. 

    CBU moma

    January 5, 2012 at 6:05 pm

    @thoughts, I couldn’t agree with you more.
14. 

    CBU moma

    January 5, 2012 at 6:06 pm

    @thoughts, I couldn’t agree with you more. You are the only one making sense here.
15. 

    Charlie

    January 5, 2012 at 6:09 pm

    Shud we let the wrongs go and do da wrongs no no…there z a tym wen a right has to b done and its now,do u call ths going backward, then wats development? investors hv to b genuine ths cant scare any genuine investor…nabwela nemwine webala.
16. 

    Donch

    January 5, 2012 at 6:11 pm

    Wa mambala You are misleading the PUBLIC, no one has reversed… thats why i wonder were u did your jounalism!!!!!!!!!!!
17. 

    moses chisha

    January 5, 2012 at 6:17 pm

    BRING BACK THE HEAD OFFICE TO NDOLA IMMEDIATELY.
18. 

    Baffled!

    January 5, 2012 at 6:17 pm

    sorry to say but we have too many ignorant Zambians! blind followers! yes u wanted to see the PF out and the MMD(like any other leaders) did a couple of things wrong but the question that should be asked before you get too excited is “how much will this “reversal” cost us??? You can’t just “reverse” a commercial transaction without consequences. Lap green had invested a lot in zamtel and its worth so much more now than it was when it was sold so you my friends (tax payers) are the ones who will be paying for that! Not forgetting the effect/impression on investors!?! First FNB now Zamtel! You honestly expect the kwacha to appreciate and the economy to improve! ur in for a rude shock my fellow countrymen! God help us all!
19. 

    Donch

    January 5, 2012 at 6:19 pm

    Kanshi mumfya fye rumor mongaz!!! You Understand not that it has to be tabbled, that dosnt mean its reversed there many courses of action eg. Pay back Lapgreen, Increase shares for Zambian Govnment, Re-negotiate the deal ati Reversed…….. YOU DONT KNOW WHAT YOU ARE TALKING ABOUT!!!!
20. 

    oNe.

    January 5, 2012 at 6:19 pm

    Guys we can sell it at the right price pay back their money and remain with some change you cowards,it is a right move ninshi kanshi?
21. 

    Donch

    January 5, 2012 at 6:21 pm

    BREAKING NEWS! KWACHA IS 6,600 per 1$, muzanya manzi!!!
22. 

    Shadreck Wilima

    January 5, 2012 at 6:30 pm

    investors will be very afraid to invest under P.F Government
23. 

    Zedian_Karl Marx

    January 5, 2012 at 6:40 pm

    Im very dissapointed with this move.Yes we all know that the sell of zamtell raised alot of questions but look at the bright side,zamtel is now better run and more viable as a buisness.Now that its going back to Gov control its just going to be a shitty network.Im now beginning to see that my vote was wasted in september……This is utter Rubbish from the PF…..Rubbish Indeed.
24. 

    Janet C

    January 5, 2012 at 7:04 pm

    This is great news . A couple of lessons:

    1. Foreign investors should not think they can just bribe their way into our countries by paying govt officials peanuts (compared to the profits they project to make)

    2. Govt officials should not sell themselves cheaply to foreign companies

    3. A dodgy company like Lapgreen funded by the fallen Gadaffi empire makes no difference to zamtel now – so zambians have won either way – bravo ba Sata and PF. Dora, the Bandas and now Muhabi Lung u (ZDA) were really having a laugh, I wonder what drug they were on when doing this deal!!!
25. 

    chachil

    January 5, 2012 at 7:17 pm

    Why are some people worried about the cost of reversal? Were where you bakoswe imwe when it was sold & why didn’t you worry / make noise about the cost of selling an important company at a give away price?
    Where did MMD took the money they sold the company coz that the same money we shall give lap green period! No one has told the nation were they spent the money they sold ZAMTEL.
26. 

    Daniel

    January 5, 2012 at 7:43 pm

    To all intents and purposes, the reverse of the sale is an impressive move which I would dub, ” putting the house in order”. Doesn’t make any economic sense to sale an asset below it’s book value!
27. 

    Dimitri

    January 5, 2012 at 7:47 pm

    Have they reversed sale or reduced share holding? Clearly the Zambian Govt does not have the resources to refund the Libyans. As usual they will sale it to a company of their preference and get a cut. The next Govt will also reverse the deal. Wat does this do to investor confidence? I see our economy stagnating after good promise. God help us
28. 

    Woviziba

    January 5, 2012 at 8:15 pm

    Koma ine sininaonepo reversal ya sale apa. Kapena ba Tumfweko you have other information you are hiding from us
29. 

    ba kontolole

    January 5, 2012 at 8:35 pm

    People of zambia, dont b misled, tababweseshe the sale of zamtel. Muletekanya.
30. 

    Woviziba

    January 5, 2012 at 9:04 pm

    Mwaona boza yanu imwe ba Tumfweko. Muvi Tv is reporting that there is no such reversal! Ati kupusa imwe
31. 

    tindeti

    January 5, 2012 at 10:06 pm

    Muletekanya ba Tumfweko,fyawufi. Soon in court
32. 

    Loketo

    January 5, 2012 at 10:08 pm

    alert(‘Have you guys at Tumfenko got your facts correct? It looks like you are liars!’);
33. 

    Voltron

    January 5, 2012 at 11:09 pm

    bafikala bonse mwebaletina pafyampiya
34. 

    Eli

    January 5, 2012 at 11:31 pm

    Lie!!wit u get the facts.
35. 

    kapuli wa ng'ongo

    January 5, 2012 at 11:39 pm

    Simple…..just ask Lapgreen to pay the difference. If not, re-nationalise Zamtel and invite an equity partner. Meantime, since sale was fraudulent arraign the culprits forthwith, thats what justice demands.
36. 

    bishop mambwe

    January 6, 2012 at 12:00 am

    Gud job PF and cabinet next please review kagem mines they it was sold at USD 1.5million to gupta and hagura who sold it to current operators for usd51million and government did not value the emerald reserves in the 42sq kilometers mine. Gemfields have continued to smuggle stones and auction them outside zambia for 100s of millions of dollars and only declare 15percent value back to zambia. How can we export stones without any value in zambia and only declare after sales outside zambia. What happend to the gemstone exchange government set up in ndola please mr president ask dr Kaunda how he ordered all emeralsd to be cut and polished in zambia at zeil in ndola. Ndola has more than 300 trained gemstone cutters who are in the streets and we voted for u Mr President please reppossess kagem or review the frudulent sale of kagem and get back the 55percent GRZ shares and return and subject this portion of the stones to be cutt and polished at Ndola Zeil as before.
    God help us
    Bishop
37. 

    ponya ntole

    January 6, 2012 at 12:04 am

    @kapuli wa ng’ongo….I agree with yiur intelligent and analytical thought. Uli cha mano sana
38. 

    Brig Mishec Collins

    January 6, 2012 at 3:21 am

    Zamtel had more Engineers ,Managers ,Accountants Technicians and others tradesmen who managed one of the best telecommunications company in Africa 10yrs ago ,please re-employ some of these people,.Thanks Mr President.Now what happens to Dora siliya? The ***** goes Free?
39. 

    vya kulola vye

    January 6, 2012 at 6:16 am

    this is a case of watoloka imisu wanyanta amafi!!
40. 

    Rest Thedead

    January 6, 2012 at 6:42 am

    Wrong move, they should have put windfall tax on them until the value they belive is right, is recovered.
41. 

    mr L L

    January 6, 2012 at 7:07 am

    Ithot thats what it means to clean up the mess that was left by that reckless,uncaring, irresponsible,thieving RB
42. 

    mr L L

    January 6, 2012 at 7:08 am

    get all the culprits errrested
43. 

    perry

    January 6, 2012 at 7:50 am

    ba eve banda, ba amon jere,ba polsen, ukutumpa kubi, nganaci mituka, mwashuka
44. 

    MEN MECK

    January 6, 2012 at 7:55 am

    Iwe BAFFLED, your comment shows that you are ignorant one. It must stick to your mind that when assets are sold in the manner thats not right then it can not benefit you as poor Zambian. You also have to understand that it’s better to reverse sale and slowly rebuld the company than loosing money held in the assets. you are simply no strong man and are scared to face challenges and make head way. your thinking is like a man that sort to killes an Adulterous preginant wife at the expence of the child in the womb.
45. 

    Muke

    January 6, 2012 at 7:59 am

    I also dont see the reverse in the story except the headline. However, the decision may corrode investor confidence. If it happens, government should not resale otherwise it will seem that they just want to sell it to the prefered ‘buyers’ which will give bad image on the economic outlook.
46. 

    messi

    January 6, 2012 at 8:16 am

    Ine mwebena zambia mulapapusha!!!! Do u knw why zamtel faild to compete on da market? Its bcoz pipo on top had personal interestwat ever was proposed was turned down by mgt. Reversing da sale does not really mean thy hav to gv thm back thr mani. So is it ok 4 da country to be ruled by investors? A true investor can neva be scared n foolish investor come to zambia to make thy pockets full thn dump our country.appreciate whr its due.
47. 

    Jomie

    January 6, 2012 at 8:29 am

    Congrats for once Mr sata. I think this is the first move that makes sense that the PF has made since coming to power if at all it is true. Fighting corruption is expensive but I just hope it wont be resold to other so called qualifying buyers for the PF cadres to make their own commissions. So we may pay twice for this. Dora and Rupiah should return the millions of dollars they got by undervalueing our assets. In addition they should be convicted and jailed for many years so that we can learn and not repeat their mistake.
48. 

    I.T Security

    January 6, 2012 at 8:30 am

    That is a great move indeed. We should be proud as Zambians to hold certain assets and not place them in the hands of foreigner especially a company like zamtel which controls our gateway to international communication ‘mwembeshi satellite’ its also in the interest of national security. Bravo Mr president!
49. 

    GRZ Official

    January 6, 2012 at 8:39 am

    We need to clear these issues quickly so that we can start working on creating jobs for the youth.

    ….or should we wait till all MMD ministers are locked up?

    I’m quite rich. I can wait mwe. Yup. On with the hunt!!!!

    Yipee!!!
50. 

    Jomie

    January 6, 2012 at 8:40 am

    There is nothing like eroding investor confidence here. Lap Green did their research before pumping millions of dollars into this deal and they knew very well that the deal was rotten, corrupt and only meant to benefit Dora and RB at the expense of the masses. Even other prospective investors knew about this rotten deal. We think that investors are dull and ******. They conduct proper research before investing. They knew how civil society, opposition parties, media institutions and the masses in general objected and protested against this deal but they went ahead. I can assure you that this move will have zero negative impact on investor confidence. The potential investors that will complain will do so because they will be complaining about the PF government denying them corrupt and cheap access to our assets and resources. Investors have continued to use the elite leaders in Africa to buy assets and resources cheaply through corruption and that is what they will be complaining about in the name of genuine investor confidence.