{"id":24284,"date":"2022-06-17T20:42:02","date_gmt":"2022-06-17T20:42:02","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/fqm-calls-upon-tiz-to-retract-its-statement-and-apologise-to-prof-oliver-saasa"},"modified":"2022-06-17T21:50:29","modified_gmt":"2022-06-17T21:50:29","slug":"fqm-calls-upon-tiz-to-retract-its-statement-and-apologise-to-prof-oliver-saasa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/fqm-calls-upon-tiz-to-retract-its-statement-and-apologise-to-prof-oliver-saasa","title":{"rendered":"FQM calls upon TIZ to retract its statement and Apologise to Prof. Oliver Saasa."},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>First Quantum Minerals (FQM) has said that it is surprised and dismayed by a statement issued by Transparency International Zambia (TIZ) attempting to discredit the renowned economist Prof. Oliver Saasa.<\/p>\n

In a statement made available to the media in reaction to TIZ statement questioning Prof Saasa\u2019s non-disclosure of conflict of interest, FQM called upon TIZ to retract its statement and apologise unreservedly to Prof. Saasa.<\/p>\n

The firm said that Prof. Saasa\u2019s company Premier Consult was commissioned by First Quantum Minerals to evaluate and explain the impact of the company\u2019s US$1.35 billion expansion plans on the Zambian economy.<\/p>\n

FQM further added that the Premier Consult team was given full independence to conduct their research impartially and with integrity to ensure a credible professional view of the investment, and to ensure transparency, First Quantum\u2019s engagement of the consultancy was clearly stated in the report.<\/p>\n

\u201cProfessor Saasa is one of Zambia\u2019s most experienced and learned economists. To question his integrity and suggest he and his company would work with anything less than the utmost integrity and transparency is an insult to his professional standing and to that of any other senior government adviser who will inevitably have long-standing experience and associations with various organisations. Indeed, it is that experience that enables them to provide invaluable insight for the benefit of the nation,\u201d said FQM Country Manager General Kingsley Chinkuli.<\/p>\n

\u201cFirst Quantum calls upon Transparency International Zambia to retract its statement and apologise unreservedly to Prof. Saasa, \u201d concluded the statement<\/p>\n

Yesterday, TIZ issued a statement noting with concern the conflict of interest in the awarding of the First Quantum Minerals (FQM) Ltd.\u2019s US$1.3 billion expansion investment evaluation consultancy to Prof. Oliver Saasa through his consultancy firm, Premier Consult.<\/p>\n

TIZ Chapter President Sampa Kalungu said that his organization\u2019s concern stems from the fact that Prof. Saasa is the chairperson of the Economic Advisory Council, having been appointed by President Hakainde Hichilema, and in that position, he provides advice to the President on economic matters.<\/p>\n

Mr Kalunga said that the recommendations from the evaluation of FQM are crucial in informing the government on its next actions with regard to the country\u2019s mining sector and overall economic development.<\/p>\n

\u201cIt is therefore of grave concern that an individual who is meant to guide the President on the economic decisions pertaining to the country, is on the other end, evaluating the country\u2019s largest taxpayer on its investment in the country. As TI-Z, we have serious concerns bordering on how sure the government can be that the recommendations given about FQM will be based on an independent and unbiased assessment, given the clear ties Premier Consult has as an evaluator of FQM,\u201d he said.<\/p>\n

\u201cAdditionally, questions can arise on whether the awarding of the consultancy itself was impartial given Prof. Saasa\u2019s position as chair of the President\u2019s Economic Advisory Council, and his potential interest to advise the President in a particular direction. It is our considered view that Prof. Saasa ought to have declared interest in this consultancy project, or altogether detached himself from it given the existing and clear interest.\u201d<\/p>\n

He stated that his organization\u2019s concern is not about the capacity of Premium Consult to do the work in terms of their qualifications and experience, but rather about the broader principles of accountability and transparency in this matter.<\/p>\n

\u201cWe, therefore, urge government officials and advisors to the President to be as transparent as possible in their dealings so as to allay any concerns and speculation related to their personal interests, which may potentially lead to doubts about their credibility and impartiality.<\/p>\n

We further urge State House to provide clarity and assurance on Premier Consult\u2019s involvement in the FQM evaluation, in relation to the conflict of interest involving the chair of the President\u2019s Economic Advisory Council,\u201d he added.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. First Quantum Minerals (FQM) has said that it is surprised and dismayed by a statement issued by Transparency International Zambia (TIZ) attempting to discredit the renowned economist Prof. Oliver Saasa. In a statement made available to the media in reaction to TIZ statement questioning Prof Saasa\u2019s non-disclosure of conflict of interest, FQM […]<\/p>\n","protected":false},"author":84,"featured_media":24282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,235,233],"class_list":["post-24284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nFQM calls upon TIZ to retract its statement and Apologise to Prof. Oliver Saasa. - Zambia<\/title>\n<meta name=\"description\" content=\"First Quantum Minerals (FQM) has said that it is surprised and dismayed by a statement issued by Transparency Internatio ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/fqm-calls-upon-tiz-to-retract-its-statement-and-apologise-to-prof-oliver-saasa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FQM calls upon TIZ to retract its statement and Apologise to Prof. Oliver Saasa.\" \/>\n<meta property=\"og:description\" content=\"First Quantum Minerals (FQM) has said that it is surprised and dismayed by a statement issued by Transparency Internatio ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/fqm-calls-upon-tiz-to-retract-its-statement-and-apologise-to-prof-oliver-saasa\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-17T20:42:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-17T21:50:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/06\/img-62acf70633713.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"585\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/fqm-calls-upon-tiz-to-retract-its-statement-and-apologise-to-prof-oliver-saasa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/fqm-calls-upon-tiz-to-retract-its-statement-and-apologise-to-prof-oliver-saasa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FQM calls upon TIZ to retract its statement and Apologise to Prof. Oliver Saasa.\",\"datePublished\":\"2022-06-17T20:42:02+00:00\",\"dateModified\":\"2022-06-17T21:50:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/fqm-calls-upon-tiz-to-retract-its-statement-and-apologise-to-prof-oliver-saasa\"},\"wordCount\":668,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/fqm-calls-upon-tiz-to-retract-its-statement-and-apologise-to-prof-oliver-saasa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/06\/img-62acf70633713.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/fqm-calls-upon-tiz-to-retract-its-statement-and-apologise-to-prof-oliver-saasa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/fqm-calls-upon-tiz-to-retract-its-statement-and-apologise-to-prof-oliver-saasa\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/fqm-calls-upon-tiz-to-retract-its-statement-and-apologise-to-prof-oliver-saasa\",\"name\":\"FQM calls upon TIZ to retract its statement and Apologise to Prof. Oliver Saasa. - 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