By ANDREW MUKOMATHE controversial sale of Intercontinental Hotel at US$ 6.5 million instead of US$ 25 million it was valued was yesterday subject of a demonstration by former workers who claim to have suffered personal irreparable losses.They supported setting up of Commission of Inquiry into the privatisation of state assets in which UPND president Hakainde Hichilema was involved as consultant.They have wondered how a property such as the Intercontinental Hotel which was on the prime land overlooking the Victoria Falls could be sold at a give-away price of US$ 6.5 million and to the lowest bidder.Speaking on behalf of former employees of Eagle Travel, Felix Daka, said that the sale of the Mosi-oa-tunya Intercontinental Hotel and other assets in the tourist capital was not worth the value of the properties.Mr Daka said the affected former employees would stand firm and supports calls for the establishment of an inquiry into privatization.“We want to know how that […]
How was a hotel worth $25m sold for $6.5m?
