zambia privatisation status report 2010 - zda

8/7/2019 Zambia Privatisation Status Report 2010 - ZDA

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Zambia DevelopmentAgency

PRIVATISATION STATUS REPORT

As at

30th November, 2010

NOVEMBER2010

Privatisation HouseNasser Road, P.O. Box 30819, Lusaka, ZambiaTelephone: +260-211-220177, 223859, 222858

Fax: 225270, 225390Email: [email protected]: http://www.zda.org.zm


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PRIVATISED CURRENT STATUS November 2010

Volunteer redundancies 0Employees retained 10

Anros Industries Limited

Non-operating company dissolved by ZIMCO

Liquidator.

Document signed 03 March 1992

Privatisation complete

Labour force level 0Forced redundancies 0Volunteer redundancies 0Employees retained 0

Auto Care Limited

Autocare was sold on competitive tender basis to AstroHolding Limited of Lusaka for the total purchaseconsideration of K178.2 million.

Document signed 07 June 1993



BP Zambia Zamlube Re-refiners

Zamlube, a 100% owned subsidiary of BP (Zambia)was privatised upon the privatisation of BP (Zambia).

Document signed 09 August 1996



BP Zambia Limited

25% shares plus one share were sold to BP Africaunder rights of pre-emption for $3.3 million. Theremaining 25% shares will be offered on publicflotation. The final share holding will be BP Africa 75%, Public 25%.




Bangweulu GMA Shoebill Camp

Shoebill is leased by the Ministry of Tourism to G.WSafaris Limited on a right of first refusal basis.

Document signed 06 July 1997


Labour force level 0

Forced redundancies 0Volunteer redundancies 0Employees retained 0

Blue Lagoon Park Nakeenda Lodge Document signed 06 July 1996


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judgement order by the high court. The shareholding ofthe privatised company is as follows:

CDC 50.1%

ZAMIC 12.6%

Public 37.3%

Chimba Crocodile Farm

Chimba Crocodile Farm was handed back to originalowners due to government decision.




Choma Milling Company

Choma milling was sold on competitive tender toNshima Ltd of Lusaka for K1 billion plus liabilities ofK200 million.

Document signed 19 April 1996



Cleanwell Dry Cleaners

Cleanwell Dry cleaners was sold on competitive tenderto Swan Dry Cleaners for a total package of K89million.

Document signed 23 September 1996



Consolidated Tyre Services

CTS was sold on competitive tender basis to JaneChibulu Penza & Amon Kambole Sikazwe for K760million cash.




Coolwell systems Ltd.

Coolwell systems Limited was sold on competitivetender basis to Professor F.D Yamba of Lusaka for theKwacha equivalent of US$ 74 000 for shares deferred

over 20 quarters with interest @ 10% and the principalto be repaid in three equal annual instalmentsbeginning with the end of the third year.





Crested Crane Hotel Document signed 20 December 2000


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Duncan, Gilbey and Matheson (Z) Limited

40.7% of the companys shares were sold on right ofpre-emption to Douglas Morgan Limited, a privatecompany incorporated in the Bahamas for US$ 77,000cash.



Labour force level 56Forced redundancies 0Volunteer redundancies 0

Employees retained 56

Dunlop (Zambia) Limited

24% GRZ Shares in Dunlop (Zambia) Limited weresold for US$51,375.21 on right of pre-emption basis toDunlop Africa investments Limited.




Eagle travel Limited

Eagle travel Limited was sold on a competitive tenderbasis to Quantum investments Limited of Lusaka for atotal price of K157, 135,900.




ENGINEERING SERVICES CORPORATION

(ESCO)51 properties and units were sold.

All employees were retained as this was a sale of assets only

and not the company.

ESCO LUSAKA

National Pension Scheme Authority purchased the

Lusaka property for k 13,000,500,000.00 in October

2008

NAPSA had awarded a contract to G5 Group of

South Africa and a consortium of Zambian

companies to construct a multi purpose business

Complex Known as Levy Junction Business Park

Document signed 10th November 2008

The whole premises that accommodated ESCO was sold.

This did no lead to any job losses as it only involved the sale

of assets..


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Elephants Head Hotel

Elephants Head Hotel was sold on competitive tenderbasis to Chainama Hotel Ltd for K410 million cash.




FDS Kabwe

Forest Department Sawmill Assets of Kabwe were soldon competitive to Kabwe Press for the purchase priceof

K18, 050,000 cash.



Labour force level 0Forced redundancies 0


FDS Solowezi

Forest Department Sawmill Assets of Solowezi weresold to Pittsburg Engineering Limited for the purchaseprice of K11.5 million cash.




General Pharmaceuticals Limited

General Pharmaceuticals was sold on competitivetender basis to Mutashi Limited of Lusaka for the totalprice of K250 million.

Document signed 22 February 1994



Indeco Milling Kasama Mill

Indeco Milling - Kasama Mill was sold on competitive

tender basis to GBM Trucking Zambia Limited for K1,281,958,000 cash plus all liabilities.





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Indeco Milling Luangwa Mill

Indeco Milling - Luangwa Mill was sold oncompetitive tender basis to Goodward Mulubwa forK90 million cash.




Indeco Milling Mansa Mill

Indeco Milling - Mansa Mill was sold on right of firstrefusal to MBO for K150 million payable K15 millioncash and balance deferred.




Indeco Milling Mukushi Mill

Indeco Milling - Mukushi Mill was sold on right offirst refusal to MBO for K115 million payable K25million cash and balance deferred.




Indeco Milling Mongu Mill

Indeco Milling - Mongu Mill was sold on competitivetender basis to APG Motors Ltd of Lusaka for K450million cash plus all liabilities.





Indeco Milling Ndola Mill

Indeco Milling - Ndola Mill was sold on competitivetender basis to Dr R.L Mahtani of Ndola for US$1million cash plus take over of K3.2 billion Liabilities.




Indeni Petroleum Refinery Company Limited

5% Shares of GRZs 50% shares in Indeni PetroleumRefinery were offered to the Zambia privatisationTrust Fund (ZPTF) for future floatation in the ZambiaPublic. The ZPTF accepted the offer in August 2003.

Document signed 07 March 1997Document Signed 27 August 2003




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Intercontinental Hotel Livingstone

Intercontinental Hotel Livingstone was sold on

competitive tender to Sun international of South Africafor the purchase price of US$6.5 Million. The purchaseincluded leasehold rights to Rainbow Lodge.

Document Signed 04 March 1998



Intercontinental Hotel Lusaka

Intercontinental Hotel Lusaka was sold oncompetitive tender to Marasa holdings of Uganda forthe purchase price of US$8.8 million.




KM Katai

KM Katai was handed back to the Administrator of theEstate of KM Katai, Talwakalumo Enterprises due toGovernment decision.




Kabwe Industrial fabrics Limited

Kabwe Industrial fabrics Limited was sold oncompetitive tender to Namibstar (Pty) Ltd andKnightsbridge Industrial Investment for the purchaseconsideration of US$ 300,000 cash plus liabilities.

Document Signed 19 April 1996



Kabwe Tannery Limited Document Signed 31st January 2009



Forced Redundancies 24

Volunteer redundancies 0


Kacholola Hotel Document Signed 27 November 1995


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Kacholola Hotel was sold on right of first refusal toMBO and equity partner, Dr Moses Banda for K28million payable K21 million cash and the balancedeferred over 1 year.



Kafironda Limited

34% Shares in Kafironda Limited was sold on rightpre-emption to ICE Explosives (Africa) Limited for apurchase consideration of US$ 783,902 cash.

Document Signed 06 January 1997



Kafue National Park Kafwala Camp

Kafwala Camp is leased by the Ministry of tourism toBusanga Trails Limited on a right of first refusal basis.

Document Signed 04 October 1996



Kafue National Park Lufupa Camp

Lufupa Camp is leased by the Ministry of tourism toBusanga Trails Limited on a right of first refusal basis.

Document Signed 04 October 1996



Kafue National Park Moshi Camp

Moshi Camp is leased by the Ministry of Tourismon

competitive tender to Star of Africa (Pvt) Limitedjointly

owned by Callow Ventures (Pty) limited registeredin British

Virgin Islands and the Zimbabwe Sun Limited.




Kafue National park Muyukuyuku Picnic Spot

Mayukwayukwa Picnic Spot has been leased by theMinistry of Tourism to Pro Africa Safaris for 15 years.

Document signed 21 October 2003




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Kafue National Park Ntemwa Lodge

Ntemwa Lodge is leased by the Ministry of Tourism oncompetitive tender to Chilongozi Safaris, formerly

Tongabezi River Safaris.





Kafue national Park Nanzhila Park

Nanzhila is leased by the Ministry of Tourism toChundukwa Adventures on a competitive tender basis.




Kafue National Park Treetops Camp

Treetops Camp is leased by Ministry of Tourism toTreetops Management Committee on a competitivebasis.




Kagem Minerals Limited

42% GRZ shares in Kagem Mining Limited were soldto the minority shareholder Hagura Mining Limited ata purchase price of US$1.8million. The remaining 13%GRZ shares will be held by Government in trust forZambians.

Document signed 18 May 2001

Complete formalities in progress


Kapiri Glass Products limited

89% shares in Kapiri Glass products were sold of pre-emption to Floco of Hamburg for US$1.4million plusliabilities and investment commitment of US$7 million

bringing their shareholding to 98%. The remaining 2%shares are held by Zambia National Provident Fund.





Kawambwa Tea Company Document signed 11 December 1996


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Lint Company of Zambia Lusaka Unit

Lintco Lusaka was sold on competitive tender basisto Lonrho Zambia for US$4 million cash.

Document signed 09 January 1996




Lochinvar Camping Site

Lochinvar Camping Site together with Lochinvar Park Community Camp Site were not available for leasingand were handed over to the community. These campsare on one site and being run by the communitythemselves.




Lochinvar Park community Camp Site

Lochinvar Park Community Camp Site together withLochinvar Camping Site were not available for leasingand were handed over to the community. These campsare on one site and being run by the communitythemselves.




Lower Zambezi Park A1 Chiawa Site

Chiawa Site is leased by the Ministry of Tourism to G& G Safari on a competitive tender basis.





Lower Zambezi Park A2 Chifungulu Site

A2 Chifungulu Camp is leased by the Ministry ofTourism to Hartobezi Safari on a competitive tenderbasis.




Lower Zambezi Park A3 Mwambashi Site

Mwambashi Site is leased by the Ministry of Tourism




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to Zambezi River Safaris on a competitive tender basis. Labour force level 0Forced redundancies 0Volunteer redundancies 0Employees retained 0

Lower Zambezi Park B1 Nkalange Site

Nkalange Site is leased by the Ministry of Tourism toRiver Horse Safaris on a competitive tender basis.




Lower Zambezi Park B2 Chifungulu Island Site

B2 Chifungulu Camp is leased by the Ministry ofTourism to Tongabezi Safaris on a competitive tenderbasis.




Lower Zambezi Park B3 Musanga Camp

B3 Site is leased by the Ministry of Tourism to KiambiSafaris on a competitive tender basis.

Document Signed 05 July 1996

Privatisation complete.


Forced redundancies 0


Employee retained 0

Lower Zambezi Park Munsensenshi Site

Munsenseshi Site has been leased by the Ministry ofTourism to Wilco Limited on a competitive tenderbasis.

Document Signed 01 July 1996

Privatisation complete.


Forced redundancies 0


Employee retained 0

Lower Zambezi Park Mushika Site

Mushika Site has been leased by the Ministry ofTourism to Safaris Expeditions (Z0 Limited on a





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competitive tender basis. Forced redundancies 0Volunteer redundancies 0Employees retained 0

Luangwa Industries

Luangwa Industries Limited was sold on a competitivetender basis to TATA (Z) Limited for the purchaseconsideration of US$379,876.20.




Lublend Limited

48.9% additional GRZ shares in Lublend (Zambia)Limited were sold for US$104,157 Mobil, Agip andTotal on right of pre-emption basis. However, Caltexdid not take up the offered shares which will be re-offered to the three oil companies on the basis of theircurrent holding.

Document signed 31 December 2000



Lukanga Investment and Development Company

Limited

Lukanga Investments and Development Company wassold under creditors receivership.




Lundazi Castle Hotel

Lundazi Castle Hotel has been leased to Mr. ChifumuBanda and Rodgers Kunika for a period of 25 years.




Lusaka Engineering Company Limited

60% ZIMCO shares in Lusaka Engineering were soldon competitive tender to Amanita Zambiana for a totalpackage of K1.8 billion.

Document signed 29 November 1996




Lyambai Hotel

Lyambai Hotel was sold on competitive tender basis toJosiah Situmbeko Songongo et al of Lusaka for K55.2




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million payable K27.6 million cash and balancedeferred over 1 year.


Maamba Collieries Limited

Nava Bharat Ventures (Pte) of Singapore paid US$26.07 million for 65% shares in MCL. However, theactual purchase consideration paid was nil since afterthe completion accounts were prepared the liabilities ofMaamba were about US$92.6 million which wassignificant higher than the value of the coal mine net ofliabilities at US$40.12 million. ZCCM IH retained35% shares in Maamba.



Labour force level 120Forced redundancies 120Voluntary redundancies 0Employees retained

MEMACO Farm Four Farms (One Lot)

Memaco Farms 1088, 1824, 1872 and 1873 were soldon competitive tender basis to Amedeaus Internationalof Lusaka for US$232,000 cash.




MIL Construction Limited

MIL Construction was sold on right of first refusal toMBO for K120 million payable K12 million cash andbalance deferred.





MIL Engineering & Tooling

MIL Engineering & Tooling was on right of firstrefusal to MBO for K220 million payable K88 millioncash and balance deferred.




MIL Sawmilling & Joinery Limited

The 100% GRZ shares in MIL Sawmilling and Joinerywere sold to Integrated Management Services Limited(IMSL) for a purchase price of K140 million. This wasafter the Government, Mulungushi Investment Ltd(inliquidation) and SGM Associates Ltd entered into a





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Novation Agreement with IMSL relating to theAgreement for the Sale and Purchase of Shares of thecompany.


Mansa Hotel

Mansa Hotel was sold on right of first refusal to MBOfor K225 million payable K22.5 million cash and thebalance deferred.





Metal Fabricators of Zambia Limited

33% shares in ZAMEFA were sold on right of pre-emption to Phelps Dodge for US$3.2 million bringingtheir shareholding to 82%. The remaining 18% shareswere transferred to the Zambia Privatisation TrustFund.




Mindeco Small Mines Limited

Mindeco Small Minies was sold on competitive tenderbasis to MBO and Technical Partner for K183 million.




Mosi oa Tunya Makumbi Launch Site

Launch Site has been leased by the Ministry ofTourism to Eagle Travel Limited on a competitivetender basis.




Mosi oa Tunya Park Fairyland Camp

Fairyland Camp is leased by the Ministry of Tourismon competitive tender to Star of Africa(Pvt) Limitedjointly owned by Callow Ventures (Pty) Limited

registered in British Virgin Islands and the ZimbabweSun Limited.





Mpelembe Drilling Limited Document signed 31 October 1997


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Mpelembe Drilling Limited was sold on competitivetender to the MBO Team for the purchaseconsideration of K335 million.



Mpende Fisheries

Mpende Fisheries was handed back to owner due toGovernment decision.





Mwaiseni Stores Limited

Holding Company dissolved after privaising operatingunits.




NDC Property Chililabonbwe (Ref: 210 CB)

NDC Property Chililabombwe (Ref: 210 CB) was soldon competitive tender basis to Zambezi Snack Bar for thetotal purchase consideration of K35 million.




NDC Property Kabwe (Ref: 206 KB)

NDC Property Kabwe was sold on competitive tenderbasis to sigma Investments for the total purchaseconsideration of K33 million.




NDC Property Livingstone (Ref: 207 LS)

NDC Property Livingstone (Ref: 206 LS) was sold on




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competitive tender basis to Lukoma Holdings for thetotal Purchase consideration of K35 million. Labour force level 4


NDC Property Mazabuka (Ref: 209 MB)

NDC Property Mazabuka (Ref:209 MB) was sold oncompetitive tender basis to Mrs Anne Mungomba for thetotal purchase consideration of K67 million.

Document signed 24 August 1995Privatisation complete


NDC Property - Monze (Ref: 208 MZ)

NDC Property Monze (Ref: 208 MZ) was sold on

competitive basis to Mandes Supermarket for the totalpurchase consideration of K31 million.





NDC Property Mufulira (Ref: 204 MF)

NDC Property Mufulira (Ref: 204 MF) was sold oncompetitive tender basis to Sunbird Drug Stoare for thetotal purchase consideration of K25 million.




NDC Property Ndola (Ref: 203 ND)

NDC Property Ndola) was sold on competitive tenderbasis to Chemopharm Limited for the total purchaseconsideration of K250 million.




NDC Property Parklands Kitwe (Ref: 202 KW)

NDC Property Parklands Kitwe (Ref: 202 KW) wassold on competitive tender basis to Jin Feng Limited forthe total purchase consideration of K48 million.





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NHDC Chichele Lodge

Chichele Lodge is leased by the Ministry of Tourism onCompetitive tender to Star of Africa (Pty) Limited jointlyowned by Callow Ventures (Pty) Limited registered in

Britain Virgin Islands and The Zimbabwe Sun Limited





NHDC Kasaba Bay Lodge

Kasaba Bay Lodge is leased to Eco-Tourism by theMinistry of Tourism.




NHDC Lochinvar Lodge

Lochinvar Lodge is leased by the Ministry of Tourism oncompetitive tender to Star of Africa (Pty) Limited jointlyowned by Callow Ventures (Pty) registered in BritainVirgin Islands and the Zimbabwe Sun Limited.

Document signed 30 May 1999Privatisation complete


NHDC Mfuwe Lodge

Mfuwe Lodge has been leased by the Ministry ofTourism to Mfuwe Trails (Z) Limited on a competitivetender basis.

Document signed 01 July 1996Privatisation complete



NHDC Mufulira Hotel

Non-operating hotel closed by Directorate of StateEnterprises.

Document signed 30 May 1995Privatisation complete


NHDC Nkamba Bay Lodge

Nkamba Bay Lodge has been leased by the Ministry ofTourism to Game Trackers Safari Limited on acompetitive tender basis.





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NHDC Pamodzi Hotel

70% shares in Pamodzi Hotel were sole don competitivetender to TATA Zambia Ltd for the purchase

consideration of US $2,536,000.00 plus all liabilities.The remaining shares will be offered on Public flotation.




NHDC Rainbow Lodge

The sale of Intercontinental Hotel Livingstone oncompetitive tender to Sun International of South Africafor the purchase price of US $6.5 million included theleasehold rights to Rainbow Lodge.




NHS Property Cairo Road (Ref: 301 LK)

NHS Property Cairo Road (Ref: 301 LK) was sold oncompetitive tender basis to Shoprite for the total purchaseconsideration of SA Rand 1,136,000.




NHS Property Kabwata, Lusaka (Ref: 302 LK)

NHS Property Kabwata, Lusaka (Ref: 302 LK) was

sold on competitive tender basis to Valachi Enterprise forthe total purchase consideration of K155 million.




NHS Property Kitwe Matuka Ave (Ref: 303 KW)

NHS Property Kitwe Mastuka Ave. (Ref: 303 KW) wassold on competitive tender basis to Shoprite for the totalpurchase consideration of SA Rand 856,000.





NHS Property Livingstone (Ref: 307 LS) Document signed 19 May 1995



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NHS Property Livingstone (Ref: 307 LS) was sold oncompetitive tender basis to Shoprite for the total purchaseconsideration of SA Rand 112,000



NHS Property Mufulira (Ref: 304 MF)

NHS Property Mufulira (Ref: 304 MF) was sold oncompetitive tender basis to Pep Stores Ltd for the totalpurchase consideration of US $110,000 cash.




NHS Property Ndola (Ref: 306 ND)

NHS Ndola was sold on competitive tender basis to

Pepkor of South Africa as part of a package deal withZCBC Cairo, Lusaka and ZCBC Kitwe for the totalpurchase consideration of SA Ran 7.5 million.




NIEC Agencies Limited

Holding company dissolved after privatising operatingunits.




NIECO Farms

NIEC Farms was sold on competitive tender to EBMChambers for K125 million

Document signed 19 May 199526June 1996Privatisation complete


NIEC Overseas Services Zambia Limited

NIECOS was sold on competitive tender to the MBOTeam for the total purchase consideration of K175million payable K50 million cash and the balancedeferred over 3 years.





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Nanga Farms Limited

Nanga Farms was effectively privatised through signingof shareholders agreements with CommonwealthDevelopment Corporation in January, 1993.





National Breweries Limited

21% shares in National Breweries were sold on right ofpre-emption to Henricks Syndicate for US $1,785,000brining their shareholding to 70%. The remaining 30%shares were offered to the public through the ZambiaPrivatisation Trust Fund.




National Drug Company Limited

National Drug Company Ltd was sold on competitivetender to Nachera Holdings Ltd and Patrick Chiumya, allof Lusaka for K900 million payable K700 million cashand K200 million deferred.




National Milling Company

51% shares in National Milling were sold on right of pre-

emption to Erabus BV and Namib Mills for US $400,000bringing their total shareholding to 100%.




Nchanga Farms Mbala Farm

Mbala Farm was sold on competitive tender to RDSInvestments for the purchase consideration ofK510,000,000 cash.




Nchanga Farms Mukumpu Ipumbu Farm

Mukumpu Ipumbu Farm & Mukumpu Kampemba Ranchwere both sold on competitive tender to Commonwealth




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Development Corporation for the purchase US $7.2million cash.


Nchanga Farms Munkumpu Kampemba Ranch wereboth sold on competitive tender to CommonwealthDevelopment Corporation for the purchase US $7.2million cash.



Labour force level 62Forced redundancies 0Volunteer redundancies 11Employees 51

Ndole Bay

Ndole Bay was handed back to original owners due toGovernment decision.





New Savoy Hotel

100% GRZ shares in New Savoy Hotel Limited weresold to Integrated Hospitality Solutions Limited for atotal package of K3.150 billion.




Nkwazi Manufacturing Company Limited

86% shares in Nkwazi were sold on right of pre-emptionto M K Patel for K100 million cash.




Norgroup Plastics Limited

Norgroup Plastics was sold on Competitive tender toSimba Chemicals Industries of Ndola for the purchaseconsideration of K300 million cash plus liabilities.





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Northern Breweries (1995) PLC

Northern Breweries was sold on competitive tender toLonrho Limited for US $9 million.




Ntingila Fisheries

Ntingila Fisheries was handed back to previous ownerdue to Government decision. Consideration paid toMinistry of Lands.




Nyika National Park Nyika Camp

Nyika Camp has been leased by the Ministry of Tourismto Robin Pope Safaris Limited on a right of first refusal.





PC Sichivula

P C Sichivula was handed back to previous owner due toGovernment decision.




Poultry Processing Company Limited

Poultry Processing Co Ltd was sold on right of pre-emption to Hybrid Poultry Farm (Zambia) Ltd for thepurchase consideration of K143.82 million cash.





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Prime Marble Products Limited

Prime Marble was sold on competitive tender to MarbleArch Ltd of Lusaka for the purchase consideration of US$300,000 cash.





ROP Limited

ROP Ltd was sold on competitive tender to Unilever Plcfor the purchase consideration of US $3.5 million subjectto working capital adjustments.




Redirection Placement Limited

Non-operational company dissolved under theCompanies Act of 1994.




Roan Air

Mines Air Services Ltd (Roan Air) was sold oncompetitive tender to the management buy out team for atotal purchase consideration of US $3.0 million includingUS $2.5 million cash and US $0.5 million deferred overfive years.





Rothmans Zambia Ltd

18% Government shares in Rothmans were transferredand floated by the Zambia Privatisation Trust Fund inJune 1996.




Rycus Heavy Haulage

50,260 GRZ shares in Rycus Heavy Haulage which werenot paid for by some members of the MBO team werewithdrawn and offered to the non-defaulting members ofthe MBO team for a purchase consideration ofK125,650,000 on the right of first refusal basis.





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Scaw Limited

Scaw Limited was sold on competitive tender to BeekayEngineering of India for US2 million cash plus allliabilities.





South Luangwa Camp Nsolo Camp

Nsolo Camp has been leased by the Ministry of Tourismto Kapani Safaris Limited on a right of first refusal basis.




South Luangwa Park Big Lagoon

Big Lagoon Camp has been leased by the Ministry ofTourism to Eco-Tourism Limited on a competitive tenderbasis.




South Luangwa Park Chamilandu Camp

Chamilandu Camp has been leased by the Ministry ofTourism to Chinzombo Safaris Limited on a right of rightrefusal basis.





South Luangwa Park Kakuli Camp

Kakuli Camp has been leased by the Ministry of Tourismto Savanna Trails Limited on a right of first refusal basis.




South Luangwa Park Kapamba Camp

Kapamba Camp has been leased by the Ministry ofTourism to Kapamba Trails Limited on a right of firstrefusal basis.





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South Luangwa Park Luambe Camp

Leased by the Ministry of Tourism to ZAMCAN Luangwa wilderness on a 25 year lease.





South Luangwa Park Luanfwa Camp

Luamfwa Camp has been leased by the Ministry ofTourism to Transact Limited on a right of first refusalbasis.




South Luangwa Park Luwi Camp

Luwi Camp is leased by the Ministry of Tourism toKapani Safaris Limited on a right of first refusal basis.




South Luangwa Park Manzi Camp

Manzi Camp is leased by the Ministry of Tourism toChinzombo Safaris Limited on a right of first refusalbasis.




South Luangwa Park Muchenja Camp

Muchenja Camp is leased by the Ministry of Tourism toSavannah Trails Limited on a right of first refusal basis.





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South Luangwa Park Nsefu Camp

Nsefu Camp is leased by the Ministry of Tourism towilderness Trails Limited on a right of first refusal basis.





South Luangwa Park Old Lion Camp

Old Lion Camp is leased by the Ministry of Tourism toEco Tourism Limited on a competitive tender basis.




South Luangwa Park Tena Tena Camp

Tena Tena Camp is leased by the Ministry of Tourism toRobin Pope Safaris Limited on a right of first refusalbasis.




South Luangwa Park zebra Pan

Zebra Pan Camp is leased by the Ministry of Tourism toRobin Pope Safaris Limited on a right of first refusalbasis.





South Luangwa Park Zebra Plain Camp

Zebra Plain Camp is leased by the Ministry of Tourismto Tundwe Safaris Limited on a right of first refusalbasis.





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Supa Baking Company Kitwe Bakery

Supa Baking company kitwe bakery was sold oncompetitive tender to mr. Reniie of kitwe for K380million





Tobacco Leaf Limited (National Tobacco Company)

National Tobacco Company - Natco was sold on right off irst refusal to the Tobacco Association of Zambia forthe Total consideration of US$ 500,000.




ZADL Farms Chainda Dairy Farm

Chainda Dairy Farm was sold on competitive tenderbasis to HS Limited of Lusaka for the total purchaseconsideration of K96.8 million cash.




ZADL Farms Chilongolo Farm

Chilogolo Farm was sold on competitive tender basis toZamdaell Farms Limited of Lusaka for the total purchaseconsideration of K330 million cash.





ZADL Farms Chipata Dairy Farm

Chipata dairy Farm was sold on competitive tender basisto Eastern Dairies Limited for the total purchaseconsideration of K95 million cash.





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ZADL Farms Hartley Farm

Hartley Farm was sold on competitive tender basis toHon Gilbert Mululu for the total purchase considerationof K85.5 million cash.





ZADL Farms Holding Farm

Holding Farm was sold on competitive tender basis toEvergreen Farm Limited for the total purchaseconsideration of K30.8 million cash.




ZADL Farms Kafubu Dairy Farm, Ndola

Kafubu Dairy Farm was sold on competitive tender basisto Ernest Mutamboh of Lusaka for the total purchaseconsideration of US$ 320, 000.




ZADL Farms Kapilyomba Dairy Farm

Kapilyomba Dairy Farm was sold on competitive tenderbasis to Parkside Trust Limited for the total purchaseconsideration of K185, 999, 000 cash.





ZADL Farms Kasama Dairy Farm

Kasama Dairy Farm was sold on competitive tender basisto Bwikashi Properties Limited for the total purchaseconsideration of K50.2 million cash.





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ZADL Farms Katito Crop Farm

Katito Crop Farm was sold on competitive tender basis toG Sikasote of Lusaka for the total purchase considerationof K150 million cash.





ZADL Farms Mansa Dairy Farm

Mansa Dairy Farm was sold on competitive tender basisto Mr P M. Chipulu for the total purchase considerationof K50 million cash.




ZADL Farms Minisini Crop Farm

Minisini Crop Farm was sold on competitive tender basisto Golden Valley agriculture Research Trust for the totalpurchase consideration of K100 million cash.




ZADL Farms Mongu Dairy Farm

Mongu Dairy Farm was sold on competitive tender basisto APG Motors Limited for the total purchaseconsideration of K20 million cash.




ZADL Farms Nkumba Piggery & Feedlot, Lusaka

Nkumba Piggery & feedlot was sold on competitivetender basis to RP Investments Limited for the totalpurchase consideration of K81 million cash.





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ZADL Farms Simmenthal Stud Farm

Simmenthal Farm was sold on competitive tender basisto Mr Choongo for the total purchase consideration ofK81 million cash.





ZADL Farms Solwezi Dairy Farm

Solwezi Dairy Farm was sold on competitive tender basisto Kansanshi dynamics Limited for the total purchaseconsideration of K111.5 million cash.




ZAFFICO Dola Hill Sawmill

ZAFFICO Dola Hill Sawmill was sold on competitivetender basis to Wood Processing Limited for the totalpurchase consideration of US$ 500,000 for the portion ofstanding plantation volume and US$ 65, 000 f or thesawmill assets.




ZAFFICO Kafubu Sawmill

ZAFFICO Kafubu Sawmill was sold on competitivetender basis to the MBO Team led consortium calledCopperbelt Forestry company for the total purchaseconsideration of US$ 1, 150, 000 cash plus all third party

liabilities as at the take over.





ZAFFICO Kalibu Sawmill

ZAFFICO Kalibu Sawmill was sold on competitivetender basis to MBO Team led consortium calledCopperbelt Forestry company for the total purchaseconsideration of US$ 100, 000 cash for the plantation andK620, 000, 000 cash for the Sawmill assets.





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ZAL Elevators

ZAL Elevators was sold on right of first refusal to MBOTeam and their joint venture partners for K85 million.





Zambia Telecommunication Company

LAP GreenN of Libya paid US$ 257 millionconsideration for 75 per cent shares in ZAMTEL. GRZretained 25% shares in the company. Allemployees were declared redundant. LAP GreenNemployed new employees on fresh conditions and termsof employment.




Zambia National Commercial Bank plc

In April 2007, Zambia National Commercial Bank PLC(Zanaco) was partially privatized with the Governmentof the Republic of Zambia (GRZ) selling a 49% stake inZanaco to Rabobank GroupThe final stage of the privatization was completed inNovember 2008 by the offer for sale of 25.8% of theshares held by Zambia Privatisation Trust Fund (ZPTF)(on behalf of GRZ) to the PublicZanaco simultaneously raised new capital through anOffer for Subscription.

Document signed 3rd April 2007


Labour force level 1370Forced redundancies 0Voluntary redundancies 121Employees retained 1249

ZCBC Property Cairo Road (Ref: 601 LK)

ZCBC Property Cairo Road (Ref: 601 LK) was sold oncompetitive tender basis to Pepkor of South Africa aspart of a package deal with NHS Ndola and ZCBC Kitwe for the total purchase consideration of SA Rand7.5 million.




ZCBC Property Chililabombwe (Ref: 4526)

ZCBC Property Chililabombwe (Ref: 4526) was sold

on competitive tender basis to Shoprite of South Africafor the total purchase consideration of US$ 30,000.

Document signed 02 February 1996Privatisation complete



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ZCBC Property Chingola (Ref: 604 CG)

ZCBC Property Chililabombwe (Ref: 604 CG) wassold on competitive tender basis to Shoprite of SouthAfrica for the total purchase consideration of SA Rand127, 000 cash.





ZCBC Property Kabwe (Ref: 608 KB)

ZCBC Property Kabwe (Ref: 608 KB) was sold oncompetitive tender basis to Shoprite of South Africa forthe total purchase consideration of SA Rand 127, 000cash.




ZCBC Property Kasama (Ref: 609 KS)

ZCBC Property Kasama (Ref: 609 KS) was sold oncompetitive tender basis to Daksha stores for the totalpurchase consideration of K111 million cash.




ZCBC Property Kitwe (Ref: 602 KW)

ZCBC Property Kitwe (Ref: 602 KW) was sold oncompetitive tender basis to Pep Stores Limited as part ofthe package deal for the total purchase consideration ofSA Rand 7.5 million.




ZCBC Property Luanshya (Ref: 609 LH)

ZCBC Property Luanshya (Ref: 306 LH) was sold oncompetitive tender basis to Pepkor Stores Limited for thetotal purchase consideration of US$ 50, 000.





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ZCBC Property Mufulira (Ref: 605 MF)

ZCBC Property Mufulira (Ref: 605 MF) was sold oncompetitive tender basis to Daksha stores for the totalpurchase consideration of SA Rand 93, 000.





ZCBC Property Petauke (Ref: 6326)

ZCBC Property Petauke (Ref: 6326) was sold oncompetitive tender basis to Pep Stores Limited for thetotal purchase consideration of US$ 30, 000.




ZCBC Property River side Kitwe (Ref:606KW)

ZCBC Property Kitwe (Ref: 606 KW) was sold oncompetitive tender basis to Vin-Mas Ltd for the totalpurchase consideration of K133 million cash.




ZCBC Property Solowezi Ref: 2426)

ZCBC Property Solowezi Ref: 2426) was sold oncompetitive tender basis to Pep Stores Ltd for the totalpurchase consideration of US$ 50, 000.





ZCCM (B) Luanshya Division

ZCCM (B) Luanshya Division/ Baluba mining andmetallurgical complex (the BCo Package) excludingthe precious Metals plant was sold on competitive tenderbasis to Binani Industries an International companyregistered in both the United kingdom and India.

The negotiated purchase consideration comprising cashat close of US$ 35 million and ZCCM retained interest of15%.





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ZCCM (H) Ndola precious Metals Plant

At bid closing on 28 February 1997, no serious offerswere received for this package. Following a re-tender, thepackage has been sold to Binani Group. Completion wasarchived in November 1998.

The negotiated purchase consideration comprised cash atclose of US$ 350, 000 and Future performance relatedparticipation/ Sharing.





ZCCM (J) Power Division

The ZCCM Power division (excluding the bulk transport,its assets and fleet vehicles) was sold on competitivetender basis to the Copperbelt Energy Consortiumcomprising National grid company and Midland PowerInternational both of the United kingdom, together with ateam of some ZCCM managers.

The negotiated purchase consideration comprised cash atclose of US$ 50 million ZCCM retained Interest of 20%and Unconditional debt assumption of US$ 73 millionand Conditional debt assumption of US$ 61 million.




ZCCM (L) Chingola Refractory Ores Dumps

ZCCM (L) Chingola Refractory Ores Dumps (CROs)which is part of the package of assets comprisingNchanga Division, Konkola Division including KonkolaDeep Mining Project (KDMP) and Nampundwe PyriteMine was sold on competitive tender basis to a

consortium comprising Zambia Copper Investment(ZCI), International Finance company (IFC) and thecommonwealth Development corporation (CDC) .

The negotiated purchase consideration comprised cash atthe close of US$ 30 million, conditional/ deferred cash ofUS$ 60 million (depends on the results of the feasibilitystudies) and ZCCM retained interest of 20% plus futurecopper and cobalt price participation of US$ 125 million.

Document signed 30 March 2000November 1997





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ZCCM Bulk Transport

The ZCCM Bulk Transport assets were sold to the BulkTransport Limited (BTL) on a competitive tender basis ata purchase consideration of US$ 180, 000 extinguishedas a debt-swap with Dar Farms and ZCCM.

BTL was formed by Certain employees of ZCCMconstituting a Management Buy Out (MBO) Team and astrategic partner (Dar Farms).





ZCCM Chibuluma Mine

TheZCCM Chibuluma Mine assets were sold on acompetitive tender basis limited and Miranda MineLimited both of South Africa Junior mining companies;Crew Development Corporation, a Canadiandevelopment company and Genbel Limited (FormerlyRandex Limited), a mining finance company of Australia.

The negotiated purchase consideration comprised cash atclose of US$ 17.5 million, ZCCM retained Interest of15% and Future Copper and Cobalt price participationSchemes.




Monarch Sale Agreement Signed.


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ZCCM Konkola Division

ZCCM Konkola Division which is part of the package ofassets comprising Nampundwe Pyrite Mine, NchangaDivision including Chingola Refractory Ore Dumps andKonkola Deep Mining Project (KDMP) and was sold oncompetitive tender basis to a consortium comprising

Zambia Copper Investment (ZCI), International Financecompany (IFC) and the commonwealth Developmentcorporation (CDC) .

The negotiated purchase consideration comprised cash atthe close of US$ 30 million, conditional/ deferred cash ofUS$ 60 million (depends on the results of the feasibilitystudies) and ZCCM retained interest of 20% plus futurecopper and cobalt price participation of US$ 125 million.





ZCCM Nchanga Division

Nchanga Division including the Chingola Refractory Ore

dumps (CROs) which is part of the package of assetscomprising, Konkola division including the KonkolaDeep Mining project (KDMP) and Nampundwe PyriteMine was sold on competitive tender basis to aconsortium comprising Zambia copper investment (ZCI), International Finance company (IFC) and theCommonwealth Development Corporation (CDC).

The negotiated purchase consideration comprised cash atclose of US$ 60 million (depends on the results of thefeasibility studies) and ZCCM retained interest of 20%future copper and cobalt future price participation of US$125 million.




ZCCA Nkana Mine

ZCCA Nkana Mine, Concentrator and cobalt planttogether with Mufulira Division was sold on acompetitive tender basis to First Quantum mineralsLimited and Glencore International AG.

The negotiated purchase consideration of US$ 43 millioncomprised cash at close of US$ 20 and US$ 23 milliondeferred.

ZCCM retained Interest of 10%.





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ZCCM Techpro Zambia Limited

ZCCM Techpro Zambia Limited was sold to aManagement Buy Out (MBO) Team for the cashconsideration ofUS$ 200, 000.





ZCCM Kabwe Water & Sewerage Plants

ZCCM Kabwe Water & Sewerage Plants were sold to theKabwe Municipal Council for a total purchaseconsideration of K241 million.




ZCCM Lusemfwa & Mulungushi Power Station

The assets in ZCCM Lusenfwa & Mulungushi PowerStations were sold to Lusemfwa Hydro Power CompanyLimited forUS$ 250, 000.




ZNPWS Chakwenga Lodge

ZNPWS Chakwenga Lodge is leased by the Ministry of

tourism to Hartobezi.




ZNPWS Munda Wanga & Botanical Gardens

ZNPWS Munda Wanga & Botanical Gardens is leased

by the ministry of tourism to Munda Wanga Limitedowned by Progressive life Zambia and Kalimba FarmsLimited.





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ZNWMC Property Chipata (Ref: 702 CP)

ZNWMC Property Chipata (Ref: 702 CP) was sold oncompetitive tender basis to Mr and Mrs Patrick Ngulubefor the Total purchase consideration of K85 million cash.





ZNWMC Property Choma (Ref: 709 CM)

ZNWMC Property Choma (Ref: 709 CM) was sold oncompetitive tender basis to Betrich Marketing for theTotal purchase consideration of K28 million cash.




ZNWMC Head Office (Ref: 710 LK)

ZNWMC Head office was sold on competitive tender toPrintpak Zambia Limited for the purchase considerationof k250 million cash.




ZNWMC Property Kasama (Ref: 709 KS)

The Kasama Property was sold to House of Kasama oncompetitive tender for the purchase consideration of K25million cash.




ZNWMC Property Katete (Ref: 6287)

ZNWMC Katete was sold on competitive tender basis toPep Storees Limited for the total purchase considerationof

US$ 20,000.





ZNWMC Property Longolongo Road (Ref: 705 LK)

ZNWMC Property (ref: 705 LK) was sold oncompetitive tender basis to Dr Joseph Kasonde for the





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total purchase consideration of K315 million cash. Forced redundancies 9Volunteer redundancies 0Employees retained 0

ZNWMC Property Mongu (Ref: 708 MG)

ZNWMC Property (Ref: 708 MG) was sold on

competitive tender basis to Agribim Limited for the totalpurchase consideration of K30 million.




ZSBS Kalambo Rd, Lusaka

Kalambo unit was sold on competitive tender to ZambiaRevenue Authority for K320 million cash




ZSBS Kitwe Manufacturing Unit

Kitwe Manufacturing unit was sold to Wood processingCompany Limited for US $385,500.




ZSBS Kitwe Sales Outlet

Kitwe Sales outlet was sold on competitive tender toSpectra Oil for K81 million.




ZSBS Lusaka Door Manufacturing Unit

Lusaka Door factory was sold on competitive tender to SC Kopulande for $250,000 payable US $25,000 cash andbalance deferred.





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ZSBS Sales Outlet, Buyantanshi Rd, Lusaka

Buyantanshi unit was sold on competitive tender toPhillips Electrical and M. Sirajuddin, both of Lusaka forthe total consideration of K521 million.

Document signed 09 March 1996Privatisation complete


ZSIC Zambia State Insurance Medical Trust Ltd

Insurance Medical trust was franchised to staff andworkers on basis of mutual benefit.




ZSIC Zambia State Property Development

Company

Non-operational company closed down and wound up byZambia State Insurance Corporaiton.




ZSIC Zambia State Security Limited

Non-operational company closed down and wound up byZambia State Insurance Corporation





Zamcargo

Zamcarco was sold on competitive tender basis to MBOteam & Intertrek for US $522,000 cash including allliabilities save employee liabilities




Zambia Breweries Limited (Lusaka)

The company was split into two divisions to be soldseparately. The minority shareholders, ZamangloIndustrial Corporation Limited (ZAMIC), exercised theirpre-emptive rights to purchase the Central division andagreed to waive their pre-emtpive rights over theNorthern division





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ZAMIC purchased 90 per cent of the Central DivisionBrewery at an agred price of US $13, 815,000 togetherwith the Central division residential properties at anagreed price of US $1,956,004. Following the netting offof their 25 per cent ownership in the company, a total ofUS $6,677,250 represents full payment for 90% of theCentral division


Zambia Cashew Company

87.5 per cent shares in Zambia Cashew Company weresold on competitive tender basis to Western CashewIndustries Limited for the purchase consideration ofK100 million. The remaining 12.5 per cent is held byCommonwealth Development Corporation.




Zambia Ceramics Limited

Zambia Ceramics was sold on competitive tender to theMBO Team and their equity partner Pheonix Capital Ltdof Lusaka for US $220,000 cash plus all liabilities.




Zambia Clay Housing

Mortgages have been executed with most of the sittingtenants.


Privatised. Completion formalities in progress



Zambia Coffee Company Ltd

Zambia Coffee was sold on competitive tender to AfricanPlantations Corporation LCD for US$115,694 plus allliabilities.




Zambia Cold Storage - Chipata Plant

Chipata unit was sold on competitive tender to MosaliAgro Food Processors for K124.5 million





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Zambia Cold Storage Kabwe Retail Outlet

Kabwe Retail Outlet was sold on competitive tenderbasis to Raymond G Lewis of Kabwe for K37.5 millioncash





Zambia Cold Storage Kasama Plant

Kasama unit was sold on competitive tender to NorthernProvince Cooperative Union for a price of K61 million.




Zambia Cold Storage Livingstone Plant

Livingstone unit was sold on competitive tender to APGMotors for K180 million cash.




Zambia Cold Storage Lusaka Plant

Zambia Cold Storage Lusaka Plant was sold oncompetitive tender to Kembe Estates Ltd of Lusaka for

K850 million cash plus liabilities of K200 million.


Completion formalities in progress


Zambia Cold Storage Mongu Plant

Mongu unit was sold on competitive tender to MonguMeat Corporation plc for K150 million cash.




Zambia Cold Storage Corp Fountain Farm

Zambia Cold Storage Fountain Farm was sold oncompetitive tender to Moses K. Nawa for the purchase





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consideration of K31,150,000.00 Forced redundancies 0Volunteer redundancies 0Employees retained 0

Zambia Concrete Limited

Zambia Concrete was sold on competitive tender to FraseFyfe and Poseidon Construction for the purchaseconsideration of K125 million




Zambia Detonators

70% shares in Zambia Detonators were sold to theminority shareholders, Nitro Nobel on pre-emptive rights

for the purchase consideration of US $1,260,000. Thesale resulted in the company being 100% owned by NitroNobel.





Zambia Engineering & Contracting Company

Limited

ZECCO was sold on right of pre-emption to EnergoProjekt for K415.8 million cash plus all liabilities.

Document signed 31 Ocotber 1995



Zambia Horticultural Products Ltd

Zamhort Lusaka was sold on competitive tender toFoodcorp Limited for a total package of US $3.565million of which US $1.1 million was a cashconsideration.




Zambia Housing Development Fund Ltd

Non-operational company dissolved under the

Companies Act of 1994.





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Zambia Maltings Ltd

Zambia Maltings Limited was sold to Sable Transport forthe total price of K120 million cash.




Zambia National Insurance Brokers Ltd

Zambia National Insurance Brokers was sold oncompetitive tender to the management buy out team forK150 million cash.




ZambiaNational Shipping Line

Non-operational company dissolved under the BritishCompanies Act 1985




Zambia Oxygen Limited

70% majority shareholding was sold on competitive

tender to African Oxygen Limited of South Africa for US$4.6 million.




Zambia Pork Products

Zambia Pork Products was sold on competitive tender toWebster C Musukwa of Lusaka for K300 million plusK200 million employee liabilities




Zambia Railways Limited

The concession agreement was signed withNLPI/Spoornet on 14th February 2003. The commercial




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terms are as follows; Fixed concession fee of US$253,500,844 spread over 20 years plus a variable fee of5% on turnover and an investment pledge of US$64,300,000.


Zambia Seed Company Limited

Some changes at shareholding level took place in March1999 whereby GRZ shareholding in the company wasreduced from 40% to 37.5 %. ZCF and ZSPA combinedshareholding was also reduced from 40% to 10%. As aresult of this Svalof Weibull AB shareholding increasedfrom 10% to 27.5 % while Swedfund International ABshareholding increased from 10% to 25%.




Zambia State Financing Company Limited

Zambia State Financing was sold on competitive tenderto the MBO Team and their equity partner, GeshomMumba for the purchase consideration of K70 million.




Zambia Sugar Company Limited

Tate & Lyle paid US $20.8million for 40% of shares price offset by $6 million for surrender of rights. CDCpaid equivalent US $16 million for 30% of shares andwill provide US $15 million in new financing. Joint Newinvestment commitment US $69 million. Followingflotations 30% of shares will be in hands of Zambian

public. Flotation of initial 7% took place in August1996.





Zuva Zambia Ltd

Zuva Zambia Limited was sold to L & C Wapamesa ofLusaka for the Kwacha equivalent of US $27,690 cash.




NEGOTIATIONS COMPLETE CURRENT STATUS December 2004


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COMPANIES UNDER PREPARATION CURRENT STATUS November 2010

Contract Haulage Awaiting Cabinet approval for mode of privatisation

Kafue National Park Ngoma LodgeLodge will be re-advertised in the near future.

Kariba Minerals Limited Offer h

zambia privatisation status report 2010 - zda

Documents