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UNIP, Zambia’s first post-independence ruling party, is in full support of the Patriotic Front Government’s plans to establish the Industrial Development Corporation (INDECO).
Party president Tilyenji Kaunda said this in an interview in Lusaka yesterday during the launch of UNIP membership renewal for 2014.
During UNIP’s 27-year reign (1964-1991), the Government established INDECO, a consortium of industries established to enhance development and create jobs.
“We are in full support of the government’s plans to re-introduce INDECO because that is the only way Zambians can take part in improving their economy. As UNIP, we are saying that that is a good thing and it is a welcome move,” Mr Kaunda said.
Mr Kaunda was accompanied by senior party officials to the event at which the party discussed its involvement in commemorating Zambia’s Golden Jubilee on 24th October, 2014.
He said INDECO flourished during the UNIP era but it went under when the MMD government came to power.
“In 1990 the International Monetary Fund report showed that our economy grew by more than 4 percent. We had a bumper harvest and mealie- meal was cheap. But in 1991 the MMD government got away what we had created, people lost their jobs and life was never the same,” he said.
