The Zambezi Portland Cement factory has been one of the most prestigious factories in Ndola. However, with the battle for ownership, the factory has lost its position in the market and the production line stays suspended since December 2015. A request for liquidation which was put up in May 2015 has neither been considered by the Ventriglia family, nor has the judicial system acknowledged it.

On one hand, the Ventriglias are looking forward to loot as much as they can from the Zambezi Portland Cement and on the other hand, the judicial system of Zambia has remained unsure about the actual owner of the factory and hence, has refused to appoint an official liquidator of the factory. In the end, it has been observed that the minority shareholders are taking prime advantage of this situation by creating dummy companies and shifting the assets from Zambezi Portland Cement to other companies. The loss of resource and opportunity in the past one year has been mammoth. The existing trucks of the factory has been shifted to dummy companies, whereas the title deeds have been duplicated and fabricated for the purpose of leasing them out to Astrea Investment, which is again a company owned by the Ventriglia family.

The present situation in Ndola is such that the nation’s resource is constantly been depleted and people are being made fools. There is nothing that an ordinary man can do apart from watching the carnage which is being caused by the actions of Zambia Reports, the Ventriglia family and Sakwiba Sikota. A detailed report of this event can be view HERE.

Corruption in Zambia has reached such a level where few powerful people are constantly trying to loot the resources and derived personal gains. It is the poor people and the nation who have become sufferers.