THE Ministry of Health (MoH) has terminated a contract for the construction and shipping of COVID-19 hospitals in Zambia by a South African company.
In a letter addressed to the chairman of TFM Holding (PTY) Limited, South Africa, MoH Permanent Secretary for Technical Services Professor Lackson Kasonka said the termination is in line with the general conditions of the contract.
“Be advised that on June 24,2022, the Ministry of Health issued to yourselves a notice for intention to terminate the contract,the letter of which your office through your lawyer acknowledged to have received.
Be further advised that the contract signed between yourself and the Ministry executed on May 4 for the construction and equipping of 7NO by 150 beds capacity COVID-19 hospitals in Zambia is herewith terminated with effect from June 24, 2022 which means that any dues for any action by your company are effective on the part of the Ministry for liability,” he said.
Professor Kasonka stated that the termination of the contract is in line with the general conditions of the contract in particular GCC 56.4 which states that the contact can be terminated for convenience.
Last, month, Minister of Health Sylvia Masebo demanded a retraction of a letter from the South African Company after she was accused of soliciting a bribe in the form of facilitation fees and motor vehicle.
(Mwebantu, Sunday, 27th November, 2022)
ACC nab senior accountant, businessman
A LUSAKA based senior accountant has been arrested by the Anti-Corruption Commission (ACC) alongside a business man for possession of property suspected to be proceeds of crime.
Kasemuka Chiteta, a senior accountant stationed at police headquarters has since been charged with one count of possession of property suspected of being proceeds of crime.
ACC head of corporate communications Timothy Moono said in a statement that Kasemuka Chiteta on dates unknown but between 7th April, 2023 and 12th February 2024 in Lusaka District, concealed possession of a motor vehicle namely Toyota Landcruiser BAD4360 registered under the ownership of Chimuka Chibawe a Lusaka based businessman.
“In a similar development, the ACC has arrested and charged a Lusaka based businessman, Chimuka Chibawe of plot No. 136 C Kalomo road Chilenje” Mr Moono said.
He said Mr Chibawe has been charged with one count of Possession of Property Suspected of Being Proceeds of Crime contrary to Section 71 (1) of the Forfeiture of Proceeds of Crime Act No. 19 of 2010.
“Details of the offence are that, Chimuka Chibawe on dates unknown but between 7th April, 2023 and 12thFebruary 2024 in Lusaka, concealed possession of a motor vehicle namely Toyota Landcruiser BAD4360 registered under his names when the beneficial owner is Mr. Kasemuka Chiteta a Senior Accountant at Police Service Headquarters,” he said.
The pair has since been released on bond pending court appearance.
(Mwebantu, Thursday, 29th February, 2024)
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Delta Mines acquires 51% stake in Mopani Copper Mines in $1.1 billion deal.
DELTA Mines Plc, has concluded the acquisition of 51% shareholding in Mopani Copper Mines (MCM) translating into a US$1.1 billion investment into the mine.
In a statement, ZCCM-IH Corporate Affairs Manager Loisa Mbatha said ZCCM-IH will retain 49% shares in Mopani, with 3 out of 9 board seats while Delta will have 5 and government one seat
She said the approval was made during a Shareholder’s Extraordinary General Meeting (EGM) held in Lusaka last week.
“ZCCM Investments Holdings Plc (ZCCM-IH) shareholders have unanimously approved the Mopani Copper Mines Plc (Mapani) transaction where Delta Mining Limited (Delta), a subsidiary of International Resource Holdings (IRH), has agreed to acquire a 51% shareholding in Mopani for a total investment of up to US$1.1 billion,”she said.
ZCCM-IH Board Chairperson Kakenenwa Muyangwa said the transaction is a landmark achievement that delivers significant value to ZCCM-H, Mopani, and the Zambian people.
“It’s pleasing to note that IRH has committed to retain Zambian workers, including the management team, who will be complimented by new skills and expertise from Delta to facilitate the expansion of MCM production to 200, 000 tonnes per annum”, said Mr Muyangwa.
ZCCM-IH Board Director Phillippe Taussac who represents minority shareholders said that “the extinguishing of the Mopani $1.5billion debt that ZCCM-IH had guaranteed, will certainly lead to significantly improved financial performance for all ZCCM-H’s shareholders.
(Mwebantu, Tuesday, 27th February, 2024)