Zambian Telegraph
No Result
View All Result
Sunday, May 22, 2022
  • Login
  • Home
  • Latest News
  • Politics
  • Business
  • Lifestyle
  • Education
  • Sport
Subscribe
Zambian Telegraph
  • Home
  • Latest News
  • Politics
  • Business
  • Lifestyle
  • Education
  • Sport
No Result
View All Result
Zambian Telegraph
No Result
View All Result
Home News

African Leaders Who Give Concessions To Investors Are Criminals – Kambwili

May 14, 2022
in News
263 6
A A
307
SHARES
3.8k
VIEWS
Share on FacebookShare on Twitter

By Staff Reporter

PF presidential aspirant Chishimba Kambwili says African leaders giving tax concessions to foreign investors are criminals, and that he smells a rat over the issues surrounding KCM

Speaking with Daily Revelation, Kambwili urged Zambians to resist anyone trying to give concessions to the mining companies.

“My words are just (Rwandan President Paul) Kagame’s words. Those who are giving tax concessions, African leaders giving tax concessions are criminals. I will not even beat about the bush. Africa will continue suffering,” he said.

Kambwili argued that the country privatized the mines in order to attract foreign direct investment so that the mines could up production in order for Zambia to maximise the benefits through taxation.

He said Zambia did not privatize the mines in order to continue giving them tax holidays so that they could exploit the resources without the country benefiting.

Kambwili said the only time the country meaningfully benefited from the mines after the privatisation process, was during a brief period when late president Levy Mwanawasa introduced the windfall tax, but the same minister of Finance today, Dr Situembeko Musokotwane, who served in the same capacity after Rupiah Banda succeeded Mwanawasa removed the windfall tax and gave further concessions to the mining companies, in the same manner it was happening now.

He demanded that Dr Musokotwane should tell the country what his benefit was in the concessions, describing plans to give tax holidays to the mines as a scandal.

“This is a dirty deal that Zambians must fight and fight through the last drop of our blood,” Kambwili said, adding that minerals were a diminishing asset, citing the example of mines in Luanshya which were shut down while the investors were still enjoying tax holidays.

“What have the people of Luanshya benefited from tax holidays?…Nchanga underground, the reserves are depleted. They were depleted when we had given the concessions. Nchanga Open Pit the reserves are depleted. What has the community in Chingola and the miners in Chingola benefited?” he asked.

Kambwili charged that the country could not allow a few people receiving kickbacks and giving concessions in return to the investors at the expense of the country.

He wondered why the government would even consider giving tax holidays to the mining companies if the coffers were truly empty as they claimed, urging Zambians to stand up and say no to mining concessions, and suggesting that instead of giving concessions, it would be better to nationalise the mines so that all the profits could remain in the country.

Kambwili wondered how many times Zambians would be promised that they should sacrifice for the mining investors in order for their to increase their production from which they would benefit, something he said the people have yet to see.

“This is a deal, some people are ea… https://dailyrevelationzambia.com/african-leaders-who-give-concessions-to-investors-are-criminals-kambwili-zambians-must-fight-against-concessions-to-the-last-drop-of-blood/

Related Posts

News

UPND WON’T LEARN PF ‘BAD HABITS’ – LISWANISO

May 22, 2022
News

If it wasn’t for God, I would have killed myself, sexually abused rapper reveals

May 22, 2022
News

ANECDOTAL HISTORY OF LUSAKA: Facts mixed with Myths

May 22, 2022
News

STOP BRUTALITY, POLICE TOLD

May 22, 2022
News

THROWBACK: Chishimba Kambwili’s Facebook post on May 4, 2019 after attending sendoff mass for the late NDC member Obed Kasongo

May 22, 2022
News

Stop abuse of criminal justice system – M’membe

May 22, 2022
  • Trending
  • Comments
  • Latest

Ex-President Lungu bows down before HH

March 19, 2022

Zambia Plastic Surgeon Dr Matolase Mtonga Dies

December 21, 2021

Former ZESCO Boss Victor Mundende Arrested

December 12, 2021

VIDEO: Tropical Storm Ana Jere flood Lusaka

January 30, 2022

VIDEO: President HH Didn’t Say “A Clique Of Thieves Have Been Running Zambia Since 1964”- Simon Mwewa Lane

I am not in a Hurry to Appoint Permanent Secretaries, I’m First Fixing the Economy – President Hichilema

Spuki Mulemwa’s Statement On The Need For Formidable Opposition In Zambia

VIDEO: This is what President HH said and not what PF and it’s Surrogates have distorted

UPND WON’T LEARN PF ‘BAD HABITS’ – LISWANISO

May 22, 2022

If it wasn’t for God, I would have killed myself, sexually abused rapper reveals

May 22, 2022

ANECDOTAL HISTORY OF LUSAKA: Facts mixed with Myths

May 22, 2022

STOP BRUTALITY, POLICE TOLD

May 22, 2022

Latest News

News

Just be ready to answer to the law, water development minister Mike Mposha tells Lusambo

May 22, 2022
News

Church has lost voice –  PF

May 22, 2022
News

Being methodical will cost HH- Judith Kabemba

May 22, 2022
News

If I send youths on Nakacinda, he won’t like it – Liswaniso warns

May 22, 2022
Sport

Understanding James Chamanga’s decline to honor the national team call up

May 22, 2022
News

GOVT URGED TO BUILD MORE OIL RESERVES

May 22, 2022

Newsletter

To stay on top of the ever-changing world of business, subscribe now to our newsletters.

*We hate spam as you do.

Categories

  • Business
  • Education
  • Lifestyle
  • News
  • Politics
  • Sport
  • Transportation

Topics

Africa Breaking News Covid-19 Football Local Opinion Reports Savenda Videos World

Recent News

UPND WON’T LEARN PF ‘BAD HABITS’ – LISWANISO

May 22, 2022
  • Home
  • Privacy Policy
  • Guest Post
  • Contact

© 2021 Copyrights Reserved - Zambian Telegraph

No Result
View All Result
  • Home
  • Latest News
  • Politics
  • Business
  • Lifestyle
  • Education
  • Sport

© 2021 Copyrights Reserved - Zambian Telegraph

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.