Bloomberg News

Zambia’s Sata Orders Probe of FirstRand Purchase of Finance Bank

September 30, 2011

Sept. 30 (Bloomberg) -- Zambian President Michael Sata ordered a probe into the sale of Finance Bank Zambia to Johannesburg-based FirstRand Ltd.

The government will also investigate Libya’s LAP Green Networks’ acquisition of Zambia Telecommunications Corp., Sata said in a speech today in Lusaka after swearing in Cabinet ministers.

To contact the reporter on this story: Anthony Mukwita at amukwita1@bloomberg.net

To contact the editor responsible for this story: Nasreen Seria at nseria@bloomberg.net


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