Dear Editor,BEFORE we consider unbundling Zesco into separate units such as generation, transmission, distribution and retail, let us pause.Zesco Ltd is an $11billion company and one of the biggest utility companies in Africa.Before anyone casts negative narrative to show that it is loss-making, highly indebted and requires immediate privatisation (or those high sounding words like “equity partner”), pause and let’s have sound debate driven by national interests.ZCCM-IH is a $1 billion company and owns minority shareholding in most mines except the new ones (a corrupt reason is behind that).ZCCM-IH can run those mines if given leverage and capacity.It is regrettable that ZCCM-IH is made to stand by and watch economic activities in a sector they should dominate.Succeeding governments have made plans about the mining sector excluding ZCCM-IH to the plans.Let us remove invasive government control and allow our professionals led by boards and competent professionals to run these companies. Privatising them may not be the […]
PLANS TO RESTRUCTURE ZESCO
