Word: zambians
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...host of history's third summit conference of nonaligned nations, Zambian President Kenneth Kaunda was determined to turn his capital of Lusaka into a place fit not only for a king, but also for an emperor, three princes, an archbishop, 14 presidents, eight prime ministers and other assorted representatives from a grand total of 54 states. In little more than four months, the leader of the copper-mining country of 4,000,000 did just that. At a cost of $10.4 million, Kaunda erected a sprawling village complete with broad boulevards, 62 villas (each with swimming pool...
...force of 400 Zambian chauffeurs-in-training tooled around Lusaka in a fleet of 120 VIP cars, each equipped with a radiotelephone. The opening of the university's fall semester was delayed so that overflow guests could be housed in the dormitories...
Earlier in the week, Rogers' talks with Zambian President Kenneth Kaunda, Republic of the Congo President Joseph Mobutu and Cameroun President...
However, you are unfair to the Zambian government when you state that "the final payoff could be delayed for decades" because, you state, the compensation proposed by the Zambians could not possibly exceed $5,000,000 a year from the two groups' sales of copper...
After royalty and tax payments to the Zambian government that last year to taled $144 million from Roan Selection Trust alone, net income for the recent fiscal year was $69 million. For the first nine months of that year the dividends were $21 million or 46% of net income. Therefore a very considerable capacity exists for payment of dividends to both old and new owners, even after Zambia's very heavy taxation...