set to resume business in Zambia
By Times ReporterDEMOCRATIC Republic of Congo (DRC) Katanga province governor, Moses Katumbi, plans to resume his business operations in Zambia following the resolution of pending court cases and investigations against him.
And the Task Force on Corruption
yesterday announced that it had handed back K5.5 billion worth of property to Mr Katumbi
following the amicable settlement.Mr Katumbi
said in Kitwe at a media briefing that he
was grateful to the Zambian Government and people for facilitating the entire process.He
was in the country to get back his
property, which the State had confiscated on corruption suspicion."I want to thank the Zambian people.They are truly our brothers and sisters.I am here to get back my property so that I can start my business," he
said people would now see him more often coming into the country because of the impending resumption of his
business.Task Force chairman, Maxwell Nkole, said they were in Kitwe to meet Zambia National Commercial Bank (ZNCB) officials in order to finalise an agreement that was entered into between Mr Katumbi and Zambian authorities.
Mr Nkole said the agreement was made last June in order to resolve issues in the courts of law, as well as Task Force on Corruption investigations against Mr Katumbi
Mr Nkole said this had now led to the surrender of properties that were seized back to Mr Katumbi
which amounted to K5.5 billion.
has put up certain conditions before the release of the emerald trunk, which Mr Katumbi's
lawyers are handling and we have lifted restrictions on the two bank accounts," he
Earlier in Ndola, Mr Katumbi
invited Zambians to invest in Katanga province and pledged to act as a bridge in improving the relationship between the two countries.Mr Katumbi
thanked President Levy Mwanawasa for showing willingness to improve the existing relationship between Zambia and the DRC.He
said the Katanga province administration had started working on an enabling environment, which would attract investors from Zambia who were now free to open their businesses in the DRC.
, yesterday morning arrived in Ndola on board his private jet, accompanied by his lawyer, William Nyirenda, and held a closed-door meeting with senior Government officials led by Mr Mbulakulima, Mr Nkole and Task Force lawyers led by Mr Sebastian Zulu at the provincial administration offices.