Amb Emmanuel Mwamba writes:
They are selling everything…Is NAPSA broke after being forced to invest in Lusaka-Ndola Dual Carriageway and Maamba Collieries Power Station?
NAPSA BUILDING UP FOR GRABS; K16M PEGGED AS RESERVE PRICE.
Shared;
A month ago when news broke that Provident House in Chipata , fondly known as NAPSA Building was being sold, the colleagues i was with on that day argued that the move to sale is bad. It was said that at this point its wrog for government through NAPSA to start selling properties.
I had an independent look at it. I asked a question to say at this point do we know how much this Buildings makes in rentals? Do we know its operating cost? Do we know the market value of the asset? We didnt have the answers but what was evident is that rental rates at provident house were very low.
The answer to these 3 questions will tell you that NAPSA in not getting best value right now from this property. I jokingly said it could even make more money as a boarding house than how it is currently used.
Sometime before last year, I past through a friend office right there. I asked him “So pano rent ni Zingati? Ati about K550? I said wow really?
I may argue that K16m seats between fair and low, therefore the central government could have saved this sale. As the City grows there are alot of services which can be rendered here to make this property sustainable and profitable.
A week ago i received guests at The KWASU Apartments who came through because their sibling was unwell and they needed to urgently do a CT Scan, unfortunately they informed me that this could only be done in Mambwe because the service was not available at Central Hospital.
To me 16m seats nowhere near the Ministry of Health Budget. They can easily transform this into a Specialized Hospital servicing complex illness such as Cancer within the province.
It being closer to Central Hospital a school for Doctors like our friends in Kitwe and Ndola could have easily being brought here so that our City status is cemented.
On one end we are building Chipata Trades and we have struggled to finish —on another we are selling complete assets. In what ever way you look at it, NAPSA being independent with its own board, this still falls back on government to make rational decisions on behalf of its people and the community.
We have a situation where Ministry of Lands, RDA, Works and Supply are sitting in one space—the simple reason is obviously lack of space. So letting this into private hands is not something i would advocate for. There is more Boma can do with this building even if it was to go off NAPSAs hands so that it continues to work as a service vehicle to the residents of Chipata and the country at large.
By Jonathan Ngoma
Hakainde, awe sure. What is it with you and national asset stripping? You want to sell everything? So JJ was telling the truth about the NAPSA building being put up for sale?
Awe sure, this is too much. Do you remember the lies you told about PF selling Kafue and Luangwa national parks? The lies you told that PF were selling Kawambwa tea, ZAFFICO, Victoria Falls? Bushe bakupanga shani iwe Hakainde nobufi bobe?
Reject tribalism, corruption and oppression.
God bless Why Me and Captain Ibrahim Traore.
VOTE FOR CHANGE IN 2026.
Mwamba your aptitude is so low as you dont look for facts. Creating innuendo to further your bukachepa. Am means to an end to you.
These buildings are an investment. NAPSA holds in trust for the pension holders. The naivity you explemify is the same as the shallow attitude of your 2026 plan.
Try going back to school Mwamba it will do you well.
When an investment ceases to viable or profitable, its time to liquidate your losses otherwise it will be a “nickle and dime” on your balance sheet. Dead weight as they sometimes refer to it.
The folks at the helm of NAPSA are reputeable persons whose exprience you and qualifications you can NEVER attain. They equally arrive at decisions with the help of technocrats who are specialised at evaluating and analysing pin points issues that help in arriving at decisions.
Your father in law was an insurance person. He sought the advice of persons like Actuaries; a field that you may have never heard before. So stop trying to dumb down Zambians who are so much more competent than you will ever be by sharing how shallow you are.
Try for once in your life asking the question, “why” certain decisions are being made.
The world is not static. Even where you have run to, because you are living off hand outs.
You fail to appreciate that basic fact. Lying through life is not a sign of greatness. You can not run for the rest of your life. You look at how miserable the assylum Banda is? For years he has been living in South Africa. What has he attained? Try some introspect instead of lies.
Do you know that the Zambia Revenue Authority head office in Lusaka used to be a NAPSA property? It was sold over 15 years ago to ZRA. In a money economy, commercial assets hv a sale price and are sold every now and then.