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COMMERCE BUSINESS DAILY ISSUE OF MARCH 31,1995 PSA#1315

The Chief Executive, Zambia Privatization Agency, Lusaka, Zambia

99 -- ZAMBIA: POC Tel (260-1) 222858/220177/227823. FAX (260-1) 225270 5201 processor of cotton and cotton seeds product data a detailed product description: producer of cotton fiber and seed from raw cotton B product specification/technical data: N/a C quantity: N/a D U.S. dollar value: N/a e purchase needed by: N/ a F other information: N/a response data a response language: English B best way to respond: by fax or express mail C from manufacturer only: N/a D information required from U.S. firms: see tender package e primary factor: N/a F other information: tender package May be obtained from: the Chief Executive, Zambia privatisation Agency, upon signing a confidentiality agreement and payment of U.S. dollar 100 or 80,000 zambian kwacha. The deadline for bid submission is May 15 1995 at 1700 hours local time. Post remarks the Zambia Privatization Agency (zpa), is offering for sale the firm, lintco, as part of an economic restructuring program began in 1992 the firm is Zambia's primary processor of raw cotton, selling mainly lint and cotton seeds operating units for sale are 1 the Lusaka unit, including two large ginneries, company offices, storage and distribution capabilities, the Lusaka/kabwe/mumbwa cotton Development divisions and solwezi/kasama/ mpika assets. 2 the gwembe unit which includes the ginnery and southern cotton Development division.' 3 the chipata unit - composed of the ginnery and eastern cotton Development division. The Zambia Privatization announcement notes Zambia is Africa's model country, one of the first to experience transition to plural politics and democracy, and a leader in the implementation of a Privatization program which will establish a market Economy led by the private sector apart from Privatization, Zambia has put in place sound policies which have, in a short period of time, reduced inflation and stabilized exchange rates the abolition of exchange control in January 1994, made the local currency, the kwacha, fully convertible Post contact/prepared by ekilimboyi, Commercial assistant Please send a copy of your response to: Commercial Section (TOP), American Embassy, Lusaka, Dept of State, Washington DC 20521 2310, Refer to T28.. (0088)

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