By AARON CHIYANZOHAKAINDE Hichilema did not declare interest when he advised government to pick the lowest bidder, in which company he and Senior Chief Mukuni had interest but told government to accept $5 million when there were offers of up to $25 million , former Finance Minister, Edith Nawakwi has revealed.The privatisation documents for Intercontinental Hotel indicate that Sun International of South Africa, with a bid of US$5.65 million for the hotel was the lowest bidder even if it was offered the deal.The transaction document states that Victoria Falls Travel Bureau, a private company incorporated in Zambia bid US$20 million but was sidelined. Ms Nawakwi, said as Finance minister at the time, she called the UPND president, Mr Hichilema who was the negotiating chairman in the privatisation of the hotel aside and asked him why he was advocating for the lowest bid when there were higher bids.She said during the Sunday Interview programme on ZNBC that Mr Hichilema convinced her and other […]
HH promised US$50m investment – Nawakwi
