Thu, 28 Sep 2017 13:00:24 +0000 By NATION REPORTER AN UPROAR has arisen among Zambian accounting firms following a decision by the Industrial Development Corporation (IDC) to award assets and property valuation of important state companies to a select team of international accounting companies through a selective tender. The Zambian firms feel that the valuation of important national assets should have been subjected to an open tender. Among the major companies being valued include the Zambia Railways Limited, Zamtel, Indeni Oil Refinery, and Zambia-China Mulungushi Textiles, among others. Zambian companies have questioned IDC’s decision to secretly tender for the valuation exercise instead of advertising it to make it more transparent and afford indigenous companies a chance to participate. “The listed companies ar State-owned enterprises and as such, they should have made a public tender invitation process so that every firm could have a chance to participate. Unfortunately, they have chosen to do it secretly so […]
