About Zambia Privatisation Agency
The Zambia Privatisation Agency is an autonomous agency of the Government
of the Republic of Zambia, established in 1992 through the Privatisation
Act No.21 (1992). Its function is to plan, implement and control the privatisation
of state owned enterprises in Zambia, in cooperation with the government,
by selling them off to those who are more competent to run them and who
have the required capital to do so.
The method used for offering shares depends on the type of
company for sale. For example, smaller companies to be sold as a single
entity will go under public tender, while larger complex organisations
may be publicly floated. Other options include the Management Buy Out system
(MBO), which gives option of sale to management staff who may or may not
work with other partners to secure ownership. The establishment of the
Privatisation Trust Fund, has also opened the doors to ordinary Zambians
to own shares and invest in state owned enterprises being privatised through
the buying of shares on the stock exchange.
ZPA Mission Statement
To privatise identified state owned enterprises in a transparent, efficient
and effective manner, thus contributing to the :
-
stimulation of economic growth
-
acceleration of development
-
facilitation of transformation of the economy with broad participation
-
generation of capital for the government and longterm potential for
employment
We will provide a stimulating and learning experience for our staff,
thus equipping them for a future role in the business community whilst
rewarding them with attractive renumeration.
We will be perceived as a forward looking organisation dedicated
to the economic success of the country.
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