North-western Province Rainbow Party acting chairperson Newton Malwa has resigned from his position.
In a letter to Rainbow Party secretary general Wynter Kabimba made available to Daily Nation newspaper, Mr. Malwa cited personal reasons for his resignation.
Mr. Malwa said he had also withdrawn his application to contest as Solwezi Central member of Parliament.
He said his decision has been necessitated by his desire to concentrate on his new milling company project.
“My decision is personal and has not been influenced by any political party because I want to concentrate on my new milling project,” Mr Malwa said.
He however noted that he would remain an ordinary member and supporter of the Rainbow Party.
“I will not defect to another party but will remain an ordinary member because I believe in the socialist ideological system for Zambia,” Mr Malwa said.
He said he was a believer in the good leadership of Mr Kabimba and wished the party luck during the 2016 general elections.
Earlier, Mr Malwa emphasized the need to change the mine ownership policy in the country.
The former party chairperson said the fundamental principle of socialism was for the owners of land to own the mining industry if the sector was to develop.
He said Zambians who should own the mines were left suffering because most shares were sold to foreign nationals.