Mopani Copper Mines Transaction Falls Outside Article 210 of Zambia’s Constitution
Attorney General Mulilo Kabesha clarified that the Mopani Copper Mines transaction falls outside the scope of Article 210 of the Zambian Constitution and thus doesn’t necessitate approval from the National Assembly.
In a statement issued recently, Mr. Kabesha emphasized that Article 210 pertains to transactions involving the sale, transfer, or disposal of significant state assets, including parastatals and government-held equity.
He highlighted that Mopani does not fall under either category as it is not a parastatal nor does the government hold equity in it. Mopani operates as a distinct legal entity under the Companies Act, with its transactions governed by the Act’s regulatory framework, particularly concerning issued shares.
SOURCE:zambiadailymail
