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ZNBC Intact, Chinese Have Not Bought National Broadcaster, says Chanda

State House has dismissed media reports claiming that Zambia’s public broadcaster- Zambia National Broadcasting Corporation ( ZNBC) had been sold.

In an exclusive interview with Special Assistant for Press and Public Relations Mr Amos Chanda, he revealed that Zambia National Broadcasting Corporation (ZNBC) and Star Times have created a Special Purpose Vehicle (SPV) called Topstar Limited, a joint venture company through which Zambia as a country is implementing the digital migration process”.

” We wish to state that there is no sale that has taken place at all!”

“Even if it were to be a sale as some misinformed circles have alleged, a sale of that nature would require not just a Cabinet Resolution but an amendment of four laws: the Constitution itself, the ZNBC Act, the IBA Act, ZICTA Act and the Broadcasting Act!” Mr. Chanda said.

In clarifying the matters further, Mr. Chanda appealed to the general public not to fall prey to machinations and distortions by enemies of progress: “Members of the general public may wish to know that selling a body corporate requires a sale agreement and passing of consideration, in which case Zambia would receive money for passage of the asset to the buyer”.

In this case the Zambian government has guaranteed a loan of $273 million (that is to say Govt pays if Topstar defaults on the Exim bank loan).”

*The seller does not pay he receives consideration from the buyer!*

Futher, Mr. Chanda stated that: “What has happened at ZNBC is akin to the ZNBC-Multichoice arrangement where the two companies have a 51-49 percent shareholding in the Multichoice Zambia joint venture.”

” Members of the Public are therefore called upon to ignore the lie The Mast peddled a lie that ZNBC had been sold! That is not a decision anyone, including Government, can make quietly! Cabinet approved the guaranteeing of the loan which will be repaid by Topstar and not a dollar of State coffers will be spent on this project!”

Mr. Chanda added that: “For changes at ZNBC the venture entails a lot of things such as building new studios, equipment upgrade and build provincial television stations. This process will create 1000 jobs and revolutionarise television as we know it. Content and signal quality will improve as well and digital television costs will come down significantly!”

Answering a question on digital migration, Mr. Chanda stated that: ” Digital Migration is a matter that requires a Sovereign decision of State party to international protocols that which only a Sovereign government can do.”

“Government does not have the money nor the capacity on its own, to carry out digital migration and so it is guaranteeing not just a Chinese loan but partially a ZNBC Loan to a tune of 40 percent because ZNBC is the approved signal carrier.” Mr. Chanda said.

” *And this tells you that no sale has taken place.*The Government guarantee comes in because by extension it owns ZNBC!

Contrary to the lies by The Mast Newspaper, we should be thanking the Chinese company for taking the risk of procuring a loan of that magnitude on behalf of ZNBC! ”

Asked about Multi-Choice’s misgivings, Mr Chanda had the following to say: “Multi- Choice is using a public platform and making huge profits out of it. On the other hand, Star Times is upgrading and building new and the next generation network. Fear of of the unknown cannot hold us back. It is a bit odd that some journalists at ZNBC would not know this!!!”

Source: PF MEDIA

11 Comments

  1. Chichi

    With my little knowledge I have, the one with majority share has a controlling power.

    Reply
  2. dwinka

    Icushi tacifuma pankuni apabula umulilo so ba mbuli namushitisha

    Reply
  3. muna ki tau

    I dont know why Zambians we dont learn
    Mr Chanda of today ask Richard Sakala what these kind of details did to him

    Reply
  4. Makungu Paul

    Not sold but borrowed

    Reply
  5. kbs

    When you are in partnership it means that business is not owned by one individual or institution. In this case ZNBC is in partnership meaning ZNBC is not owned by ZNBC alone. It is owner by ZNBC and the other partner. Both partners have a say on the day-to-day running of znbc. The percentage of ownership is critical. What does the constitution say about partnership of any public institution? What does the Znbc act say about partnership? What does IBA say about about partnership? What does Zicta act say about partnership? And what does Broadcasting act say about partnership? People will not stop speculating if the truth is not known. GRZ has said znbc has not been sold. Let’s hear from IBA, Zicta etc.

    Reply
  6. vincent

    Comment.Wat happen with malawi maize scandal?gvt was shielding the truth ,in the same case with znbc.it could be true.

    Reply
  7. Katete Kakoma

    Thank you kbs. I hope someone, be it Amos Chanda, will have the courage to explain to Zambians the conditions relating to this partnership.
    Mr Chanda points out, among other things, “Cabinet approved the guaranteeing of the loan which will be repaid by Topstar and not a dollar of State coffers will be spent on this project!”
    Star Times paying the bank loan without being reimbursed by Zambia means that Star Times has bought shares in ZNBC. Or bought ZNBC if that is what the corporation is worth.
    Is ZNBC going to repay Star Times? Repaying Star Times is the only way this company can be said not to have bought into ZNBC.
    Mr Chanda’s explanation does not clear the air at all. On the contrary, it leads to speculation and wonder that The Mast may be close to the truth.

    Reply
  8. RANDY TEACHER

    BREAKING NEWS!A HEADTEACHER AT MUKUNTA PRIMARY SCHOOL HAS ALSO IMPREGNATED A SCHOOL GIRL OF PONDWA SECONDARY SCHOOL IN CHIENGE .IF YOU ALL RECALL I SAID WE ARE MANY INVOLVED IN SEXUALLY ABUSING SCHOOL GIRLS AND BOYS IN LUAPULA .YET TO SEE WHAT THE TSC WILL DO OVER THIS SEX MANIAC WIZARD HEADTEACHER.

    Reply
  9. 3M

    Just cut off his penis,then wasting tym Ku court .

    Reply
  10. commando

    Sooner or later nothing will be left.

    Reply
  11. p_p

    Zambia is on sale, bit by bit, chiluba reviewed the tunnel today Znbc in private hands. Now the secrets of the nation are shared.

    Reply

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