The National Pension Scheme Authority – NAPSA Director General – DG Muyangwa Muyangwa says the authority has enough capital to Finance various viable projects across the Country.
Responding to a Zambian Business Times – ZBT, query during the press briefing on the $200 million Maamba Collieries Transaction and whether the Authority is not overstretching its finances since Napsa also funded the Lusaka-Ndola dual carriageway construction to the tune of $300 million which brings the combined figure to $500 million, Muyangwa said, the authority is more than capable to carry out its various investments.
He said the National Pensions Scheme Authority has all the financial muscle and capability to ensure the viability of all its investment projects like the Lusaka – Ndola dual carriageway as well as the current Maamba collieries phase 2 project which is said to cost about 400 Million dollars.
“You can only overstretch your finances if you have reached your input, I think we have a very serious growing concern maybe it’s the fact that we have never played the role we are playing now and we must ensure that we reconcile the NAPSA which has always been there and what has happened,” He stated.
Muyangwa further stated that NAPSA has managed to pay out about 9.9 billion in less than a year as well as the current road projects investments which they are still carrying out.
“You have never heard developers of the road come back and say, that NAPSA promised to pay us on any given day and that they have failed to pay us, it’s fake.” He said.
Muyangwa further disclosed that NAPSA has done its calculation and that they fully understand where their money, as well as investment revenue, are coming in as well as how they plan on financing these projects.
He further stated that Napsa is more than able to finance its various investment projects as it is capable in terms of finances.
Asked if NAPSA is considering investing in Nuclear power generation since Zambia has some Uranium deposits in the Southern Province, Muyangwa confirmed that, “NAPSA also plans on investing in other alternative sources of energy like Solar energy in order to cushion the current power deficit in the country adding that going forward NAPSA is open to finance any viable projects like Nuclear energy as long as it’s permissible in their investment guidelines as well accepted by the country’s perspective of it being a legal investment then NAPSA will always participate.”
