Zambian FM quits amid cash allegations from Chinese businessman

Stanley Kakubo, the Foreign Minister of Zambia, has resigned from his position following allegations of being captured on video receiving a substantial sum of money from a Chinese businessman. The incident sparked controversy and prompted Kakubo’s resignation to prevent distracting the government from its duties, despite not refuting his presence in the video.

The video, depicting two individuals counting cash, comprising both US dollars and Zambian kwacha, raised speculation on social media. While the faces were not identifiable, speculation grew that one of the men was Stanley Kakubo alongside a Chinese businessman. Concerns arose regarding the absence of a bank transfer in the transaction and queries emerged about potential tax implications.

Further unverified evidence in the form of handwritten notes surfaced on social media, suggesting the exchange of $100,000 between a Zambian and a Chinese mining company, as well as documentation mentioning a total sum of $200,000 dated July 8, 2022.

In his resignation statement, Kakubo did not contest the authenticity of the video or the notes but claimed victimization over a business transaction between his private family business and their business partner. He resigned to ensure that the government’s focus remained undisturbed in its commitment to improving the lives of Zambians, while confirming his intention to retain his position as a Member of Parliament.

“In due course, we will provide the accurate context surrounding the recent developments,” the Lusaka Times news site quoted Mr Kakubo as saying.

President Hakainde Hichilema accepted Kakubo’s resignation, recognizing his past contributions to governance and leadership within the country.

This is not the first time Kakubo has faced controversy. Previously, he was accused of receiving a bribe after being seen leaving the office of a Chinese-owned cement company carrying a briefcase. Kakubo refuted any wrongdoing, with the president defending him, asserting that the items received were a calendar and a diary.

Zambia has experienced substantial investment from Chinese companies, with the Chinese embassy stating that over 600 Chinese businesses have invested more than $3 billion in the country.

This resignation marks the first dismissal of a minister since President Hakainde Hichilema took office in August 2021. Hichilema had pledged to combat corruption, although opposition members accuse him of unfairly targeting their ranks, a claim he refutes.

In response to Kakubo’s resignation, former President Edgar Lungu suggested an investigation into alleged corruption. Lungu emphasized that he wasn’t presuming Kakubo’s guilt but stressed the need for an impartial probe if Hichilema’s anti-corruption efforts were to be consistent.

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