Wednesday, January 25, 2012

(LUSAKATIMES) Investor confidence guaranteed observes Magande

Investor confidence guaranteed observes Magande
TIME PUBLISHED - Wednesday, January 25, 2012, 9:02 am

National Movement for Progress Party president Ng’andu Magande has lashed out at some sections of society stating that the reversal of the ZAMTEL sale will bring about economic uncertainty.

Mr. Magande says stakeholders should not be scared of a decision that can result in Zambia benefiting through transparent ways of doing business. He says if the decision to reverse the sale of ZAMTEL was done in good faith, then the action should be supported.

He notes that Zambia should not be desperate for investment even when transactions are fraudulent.

Mr. Magande tells QFM in an interview that he hopes the decision to reverse the sale of ZAMTEL has been made in national interest.

He has since advised the Zambian government to put in place a team that will carry the vision forward in as far as advanced technology is concerned.

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