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ZAFFICO listing okay – Kambwili

KAMBWILI

MONICA KAYOMBO, Lusaka
ROAN Member of Parliament (MP) Chishimba Kambwili says there is nothing wrong with listing the Zambia Forestry and Forest Industry Corporation (ZAFFICO) on Lusaka Securities Exchange.
Mr Kambwili, however, said he wants to see a situation where foreigners are not allowed to own majority of shares on the local bourse.
He said this yesterday when he featured on Hot FM’s Red Hot breakfast show.
“There is absolutely nothing wrong with it [listing on the stock market]. I am shocked that one of the aspiring presidents is saying when you list ZAFFICO, he will come and reverse it. There is nothing wrong with listing ZAFFICO or any other company on the stock market,” he said.http://epaper.daily-mail.co.zm/

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