ZAMTEL and others Can’t be sold without Parliament Approval
By Amb. Emmanuel Mwamba
Disposal of State Assets Now Requires Approval of the National Assembly( Article 210)
For those plotting and planning to sale state-owned enterprises and assets including ZAMTEL, the Constitution no. 2 of 2016, Article 210 now provides that Parliament approval signified by two-thirds majority vote should be sought.
State major asset in this context include parastatals, state-owned eneterprise or Government’s equity in an entity.