MMD youth advises Haabazoka on his call to nationalise the mines

By Staff Reporter

Opposition Movement for Multiparty Democracy youth leader Prince Ndoyi says the call by Economic Association of Zambia president Lubinda Haabazoka (EAZ) to nationalise the mines without compensation is perplexing

Ndoyi said it was also mind boggling that such statement was coming from a convener of the forth coming National Economic Summit on Economic Diplomacy.

Ndoyi noted that the ratings of the EAZ president are in contradiction with what he hopes to achieve at the Summit which begins today in tourist capital, Livingstone in Southern Province.

He wondered how Haabazoka would attract investment to the country when in the same breath he was advocating for the nationalisation of mines.

Ndoyi  has advised Haabazoka to avoid what he termed as careless attention seeking with misleading statements but instead issue objective statements reflecting the neutrality of the economic body.

“Careless attention seeking statements are not welcome at this point, hence the need for the EAZ to remain objective and a neutral player in safeguarding the economy from further deteriorating,” he said.

He urged Habazoka to avoid dramatic statements so as to ensure the success of the summit as well as improve the investment profile of the country and attract the much needed investment.

“A good initiative such as this one to hold a Summit to headline as a platform for Economic Diplomacy will unfortunately be crowded by dramatic statements and incoherent assumptions being made by the president of EAZ, which is unfortunate. Commodity prices have skyrocketed and the daily needs food basket has been negatively affected thereby increasing hardship among our people. Load shedding and increased prices for mealie-meal, sugar and cooking oil. We have a drought and the agriculture sector needs a miracle, so let’s stay sober minded,” he said.

And Ndoyi accused the EAZ president of behaving like a political cadre saying an economic expert with his full senses cannot be advocating for nationalisation of mines in a free market era.

He added that Haabazoka like many Zambians are fully aware of the abuse that goes on in parastatals.

He said the professional advise Habaazoka should be giving as a representative of an association of professionals on the economy, is one centered on what sort of an investor the country would want to take over KCM bearing in mind the economic history and experiences the country has had with investors in the mining sector.

“What we are looking for in an investor, is an investor who will be ready to comply with paying fair taxes. An investor who will pay cost reflective electricity tariffs without subsidisation. Currently they are buying from the independent power producers at 12cents and selling at 6cents. An investor who will pay good salaries to workers. An investor who is going to award contractual and supply jobs to Zambians. Just to mention few.”


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