Musokotwane is nation’s worst Finance Minister – Mwamba
PF Information and Publicity Chairperson, Emmanuel Mwamba has described Dr Situmbeko Musokotwane as the worst Finance Minister the country has ever had because of his propensity to continue borrowing.
Mr. Mwamba said when Dr. Musokotwane took over from Ngandu Magande in 2008, he found a foreign debt of US$500, 000 as Zambia had just had a debt write-off of its US$7 billion foreign debt.
He said Dr. Musokotwane also found earnings of up to US$600 million from the mining sector due to the windfall tax policy on copper.
Without convincing justification, he also sold ZAMTEL, a giant telecommunications and communication service provider.
“Zamtel is now a shell of itself when competing private sector entities have grown and made billions of dollars in the last 10 years .