By ADRIAN MWANZAGOVERNMENT’S move to recoup and takeover the mines will have a positive impact on the country’s dollar reserve and the economy.Patriotic Front (PF) member Chishimba Kambwili said the move by Government to get the mines back would ensure that the profits being made were brought back in the country.Mr Kambwili said the government was looking for a partner who would get about 51 percent while it would get 49 percent.He said this when he appeared on a call-in interview on Radio Icengelo on Saturday.“Zambians should not be cheated because what this means is that unlike in the past when all the profits accrued were taken abroad, a huge chunk will be sent back to Zambia and pumped in the economy hence increasing our dollar reserve,” he said.Mr Kambwili said that what was happening was that most investors were getting the profits and only sending salaries for employees and part of it to the […]
TAKEOVER OF MINES WILL IMPROVE DOLLAR RESERVE – KAMBWILI
