State House forced ethical Banda to resign as ZCCM-IH Chair

With a compromised person at the helm of government, Zambia risks being colonised again, that’s if not already too late.

Lusaka, May 9 – Ms. Dolika Banda has had challenges to operate as ZCCM-IH Board Chairperson because individuals at State House have been working with Mr. Greg Mills of The Brenhurst Foundation to identify new investors for Mopani and KCM.

The Brenthurst Foundation represents the interests of the racist Oppenheimer family of South Africa,

Ms. Banda has been of the view that anything to do with the restructuring of Mopani and KCM should be spearheaded by the ZCCM-IH Board and not State House because her role should not be reduced to rubber stamping decisions made by State House aides and the Brenthurst Foundation.

Also Read: Botswana threatens break-up with De Beers.

She has had on several occassions tried to have a one to one meeting with the President but she has been blocked. The Aides have been identified as Mr. Christopher Mundia the Legal Advisor to the President and Mr. Jito Kayumba the Investments Advisor.

Also Read: Hichilema fails to face the truth, fires IG. The article explains how Mr. Christopher Mundia got the IG fired to hide corruption.

Let’s take you back to the recent announcement of the suspension of trading of shares for ZCCM-IH at the London Stock Exchange.

The firm that made the announcement mainly deals with issues of ethics so it is likely that the resignation letter raises the issue of ethics.

Before Ms. Banda accepted to chair the ZCCM-IH Board, she had warned that she would not compromise on ethics because she has a reputation to keep that took her a long time to earn.

Also Read: A look at Kateka’s article: Zambia in a crisis.

But a topic of great interest is why President Hichilema has given so much power to the racist Oppenheimer family through the Brenthurst Foundation. Is Zambia back to its colonial days as predicted by the late Simon Mwansa Kapwepwe?

“If we don’t handle our independence very well, colonizers will come back in form of investors.”

And PF presidential candidate, Mutotwe Kafwaya, has observed that the ZCCM-IH saga is reflective of how corporate governance has deteriorated under the new dawn government.

He says in a country where leadership is serious about values and economic progress, this should be at the centre of every conversation.

“When we said there was something grossly wrong with the government’s intention to dispose off its shareholding in FQM, some people argued against our position. We knew that there was bad interference from powers that be,” he recalled.

“Then we wake up to a resignation of the former Board Chairperson of ZCCM-IH, citing interference from State House. This should spell sadness in everyone’s mind. Especially in those people’s minds who are concerned about creating an enabling economic and social environment,” he continued.

“ZCCM-IH has since been suspended on the London Stock Exchange. This is sadly the first time in our history. This suspension is terrible for the image of our governance,” MCC Mutotwe Kafwaya lamented.

Mr. Kafwaya went on to list what bad interference in corporate affairs under the new dawn government has already produced:

▪️ Because of bad interference from State House, ZCCM-IH proposed to dispose off ordinary shares held in FQM against national interest and against Constitutional provisions.

▪️ Because of bad interference from State House, an ethical Board Chairperson for ZCCM-IH resigned from her position paving way for the creation of bad perception and, God forbid, bad reality.

▪️ Because of bad interference from State House, ZCCM-IH has been suspended from the London Stock Exchange.

▪️ Because of bad interference from State House, the country’s perception in so far as corporate governance is concerned is now low; from both the domestic and global perspectives.

Also Read: Suspected corruption quarantines essential drugs.

Credits: Some pieces of information were taken from the Zambian Whistleblower.

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