By NATION REPORTERFINANCE and National Planning Minister Situmbeko Musokotwane has accused the Patriotic Front (PF) administration of being the brainchild of the now scandalously infamous and controversial royalty transaction with Kansanshi Mines which has seen government dubiously surrender 20 percent shares of the ZCCM-IH to First Quantum Minerals (FQM).The transfer of the ZCCM-IH 20 percent shares to FQM by government has sparked outrage among Zambians as they feel the deal between government and Kansanshi mine is not in the interest of the country but politicians in the UPND government.Dr Musokotwane says the transaction was mooted by the PF while in government and that the UPND administration had only inherited the royalty transaction and has since adopted it as is own.Dr Musokotwane dispelled assertions that Government had sold its shares in Kansanshi Mines and claimed the shares were still intact.“Government will continue collecting other taxes and that negotiations that culminated into the latest changes started about […]
IT’S PF TRANSACTION, SAYS MUSOKOTWANE
