News

Zesco, ERB, Indeni boards appointed

David Mabumba

CATHERINE MUMBA, Lusaka
GOVERNMENT has constituted new boards of directors for Zesco Limited, Indeni Oil Refinery and the Energy Regulation Board (ERB).

Minister of Energy David Mabumba told a press briefing in Lusaka yesterday that the Zesco and Indeni boards have been constituted through the Industrial Development Corporation (IDC) board, a shareholder in a number of parastatal institutions.
IDC group chief executive officer Mateyo Kaluba said the Zesco Limited board comprises Ministry of Energy permanent secretary Brigadier General Emeldah Chola, Pythias Mulenga from the Anti-Corruption Commission (ACC), Chibwe Mwelwa, Kavwumbu Hakachima, Mbita Chitala, and George Kanja.
The Indeni board consists of Brig Gen Chola, Mbololwa Walusiku, Sitenta Mobwa, Mapiwa Nyoka, Mwali Mutaba and Yamfwa Mukanga.
Mr Kaluba said for the Zesco and Indeni boards, the articles of association require that the directors elect their own chairpersons who will be appointed at the first meeting.
The ERB board consists Booker Kapapula, Fred Zama, Israel Phiri, Dean Mumba, Tembi Vibetti, Ngande Mwananjiti and Raymond Mpundu.
Meanwhile, Mr Mabumba has clarified that the Zambia Revenue Authority (ZRA) only impounded 12 tankers from Lake Petroleum Oils which were being used to smuggle oil into the country, and not the 100 as earlier reported in the media.
“As a consequence of their smuggling of fuel, Lake Petroleum has paid K4.6 million to ZRA. Furthermore, the Customs and Excise Act also requires the commissioner of ZRA to impound the vessel that was used to smuggle the goods,” he said.
Mr Mabumba said the 12 tankers will be forfeited to the State.
“So for me, Lake Petroleum having paid the K4.6 million and the 12 trucks being forfeited is enough penalty for their offence,” he said.
Mr Mabumba said the only thing ZRA did after accessing the Value Added Tax (VAT) provided in the Act was to give back the fuel to Lake Petroleum Oils.

Facebook Feed

Ad1