ILLEGAL SALE OF MOPANI SHARES- A RECKLESS UPND VIOLATION OF CONSTITUTIONAL PROVISIONS
27th March, 2024
In a disturbing display of impunity, President Hakainde Hichilema and his UPND regime have violated the law by selling 51% of Mopani shares to a 2022 registered entity without following the mandatory process.
As stipulated by Article 210 of the Zambian Republican Constitution, any such sale must be tabled before parliament for a vote, requiring a two-thirds majority in favor.
This blatant disregard for the Constitutional protocols on National assets disposal raises serious concerns about Mr. Hichilema and his government’s commitment to upholding the rule of law.
Additionally, It is clear that this investor will not bring in any ‘new’ external funding but will be paying for this asset using cash-flows from Mopani operations as it was in the case of KCM’s Vedanta.
We believe, as the United Kwacha Alliance, UKA that there was no need to sell 51% percent in Mopani to a company with no traceable mining history. The whole Mopani deal smacks of white collar organized plunder of National assets.
UKA would like to warn President Hichilema that the law is not to be circumvented or flouted for personal or political gain, as this sets a dangerous precedent that undermines the very fabric of our democracy.
There’s no doubt that in future, this irregularly acquired National asset, Mopani Copper Mines shall be repossessed without recompense and both President Hichilema and the investor will be prosecuted.
We urge our citizens, to demand for accountability from the new dawn administration. President Hichilema must take responsibility for his Governments actions on Mopani and rectify this flagrant violation.
UKA is resolved to uphold the tenets of democracy; accountability, transparency and respect for the rule of law. And in our quest to doing so we shall speak on all national issues without fear or favor and ask our people to hold us to the same standard.
Jackson Silavwe
Chairperson Communications
United Kwacha Alliance
(UKA)
He has to give the pound of flesh to his LGBT masters.
Pray for your children and grand children.
Vote wisely in 2026.
PF & UKWA , just find something else to do and be assured that in 2026, 2031, 2036 we will still vote wisely for UPND. If you want to test the waters come with your UKWA to the Copperbelt and try to condem the partnership. Today, Construction of Cibuluma Rd in Kitwe has started. Chililabombwe -chingola Rd is done! You and your PF conived with Glencore and created a debt of $1.5billion which you wanted to share, in the same way you did with the Eurobonds money. No more ” tantameni”. Your fake pride will mot take you anywhere! Your Silavwe doesn’t know anything about law; he is just an empty tin like most of your PF thugs who survived on stolen and borrowed money.
So why dont you sue Jackson if you have grounds?
Making noise doesnt prove your case or cause.
Otherwise like Mmembe or any person wanting to suggest that its illegal you are now making noise. You have no solution to the issue but make noise day in and out writing articles to prove to who about your case?
Shut up and sit down; if you can prove that the sale was illegal.
And today Indigo has woken up to parot like Zambia belongs to his father and PF is right. If they are so why is Lungu stating that he has no plan or solution on the debt that he and his cohorts accured? Why does he even want to aspire for public office?
HaaMulenga,
The problem with having a cow brain like you is that you think that anyone that criticises the conman is PF.
Mad cow disease is affecting you praise singers.
Indigo Gunner has responded to your vain attempt to insult me below, just to show your that you thrive on being disruptive, all for what? Ego?
Keep trying as it will demonstrate what a low aptitude you have. I have always said to you. My name is Mulenga. From Kasama. Chief Munkonge. Tribal insults wont work cause if you are even Bemba and trying to be a tribalist. Why insult a kins man? To you, am tonga because I support what is right for the greater good of Zambia and Zambian?
What a shallow fellow, who parots anything just to be fed, instead of being productive to feed himself. How do you bear to look at yourself every morning in the mirror.
I had no clue people are so dull in Zambia…..
I had no idea how very stupid Silavwe was until when he became a useful idiot for UKWA!
These are the young politicians we thought would make a difference on the political scene but alas, they have allowed themselves to be infected by Negativity!
UKWA has already lost the Kopala vote for opposing something that brings hope to Kopala!
In fact, ba Kopala have already said they don’t want to see anyone from UKWA going to Kopala to campaign!
So ba opposition, prepare for a President Dr HH landslide win 2026!
Lekeni aba Mano bateke!
Dogs are different from hyenas, at least when hyena makes noise, there is somewhere he is leaning, but a dog just barks in order to get crumbs of leftovers. This fits this idiot in the UKWA bag. STUPID IDIOT.
Unless UKA is able to overturn a time-honoured legal principle, the argument that sale of 51% shares in Mopani Copper Mines to private interests is a violation of the Constitution of the Republic of Zambia falls flat because there are no state-owned shares in the company. There are only ZCCM-IH shares in MCM and ZCCM-IH is not equivalent to the Zambian state because it’s a corporation registered under the Companies Act. Not easy for the uninitiated to grasp but that is the position at law.
Well said sir!