The European Investment Bank has lifted restrictions on its activities in Zambia.
This is in-recognition of the strong stance against corruption taken by the PF Government under the leadership of President Michael Sata.
Meanwhile, government and the European Investment Bank have signed an 80 million Euro’s financing contract for the rehabilitation of the Great East Road.
European Investment Bank President, Philippe Maystadt says a third public sector operation, involving a 64 million united states loan for the Itezyi-tezyi power project, is under preparation for submission to the banks governing board, within this month.
According to the letter to Zambia’s Finance Minister, Mr. Maystadt says the bank will soon submit a proposal for a 30 million United states dollars loan for the Kafue -Livingstone power transmission line.
He says this is also in recognition to the substantial efforts made by government to strengthen public service governance.
The estimated cost of the Kafue -Livingstone power transmission line currently stands at 103 million United States dollars.
The project aims at addressing power supply challenges in Livingstone and to facilitate transmission of thermal power from Maamba into the National grid.
And Finance Minister Alexander Chikwanda says government is hopeful that other prospective co-financiers of the project namely, the World bank and the African Development Bank , will move expeditiously to ensure that the Kafue -Livingstone power transmission line project progressed smoothly.
Mr. Chikwanda has told Representatives of the Bank in Lusaka, that the Zambian government is irrevocably committed to the principles of good governance and strict fiscal compliance in the utilization of both local and external mobilized resources.
This is according to a statement released to ZNBC News by Ministry of Finance and National Planning Public Relations Officer Chileshe Kandeta.
[ZNBC]
Keep up the good work, people that matter will recognise the good work!!
Good News hope the projects materialise not just mear Rhetoric….
loan?what are the conditions?tell us.it is a gud thing but we need to be extra careful with these guys there motives are what brings fear in my life.
PF doing what the former corrupt Govt couldn’t. Donchi Kubeba in action…
IF FOREIGNERS CAN APPRECIATE THE EFFORTS, HOW ABOUT ZAMBIANS. BA PF LET US CONTINUE WORKING AND SHOW TU MMD INCITO YA CINE AND LET THEM SEE THE FURTHER ZAMBIA CAN GET. TU UPND STAND IDOL AND WATCH, U DON’T NEED A TICKET, VIEWING IS FREE.
Wait en see Zambia s soon 2 b lik Zimbabwe kani yo ika un educated ppl ds ar de results u wl die
You are a stupid haterÂ
is your Id and Ego ok?go to sch
@3, you guys are always crying how your beautiful “Christian” country will morally decay when you are tolerant to gay rights, yet rewind to the “Born & Bred Awards” were the youth were having intimate relations right in a public Car Park on a whole scale a week after World Aids Day. That sort of thing can never happen in a gay tolerant Europe or a gay party as the culprits would put in Police Vans and would be appearing in front of a judge Monday morning.Â
THIS IS WHAT WE WANT TO HEAR…NOT THREATENING CHIEFS!!!!!
AND THIS WHAT WE GOT FROM RB, GOOD TO SEE SATA TAKING A PAGE FROM THE MMD BOOK
Lets give PF time to perform and pass on our jugements later.
please…this is a good move but dont overborrow!!!!!!
the corruption must be renouced: it involved top GRZ officials (working with european culprits of multinationals)  siphoning millions of projects money to offshore accounts for a long period of years. RB (naba ba george kaunda) did not want to do anything when asked him to provide evidence. Time to start arrests: ba erb, zesco, ministry of finance etc. PF must be given credit on this issue.
jst wanderin wy thez guyz ar nt so hesistant @lendin Zambia such huge amounts
at least a breath of fresh air. not those mobile hospital loans we were subjected to. work, work and work very hard pf.
Does the EU realise that tribalism in appointments of public office bearers is in itself a form of Moral Corruption?Look at this:
Comparative Ministerial positions between Sata and RB
President: Sata(Bemba) RB( Chewa/Ngoni)
V/President: Guy(White) George(Lala)
Defence: GBM(Bemba) Mwansa(Bemba)
Finance: Alexander(Bemba) Situmbeko(Lozi)
Home Affairs: Sakeni(Bemba) Lungu(Tumbuka)
Foreign: Kambwili(Bemba) Pande(Kaonde)
Local Gvt: Luo(Bemba) Brian(Lala/Lenje)
Good work. Keep following the thieves and get our money back. Dont mind their outbursts. The guilty are always afraid.
Some people are just so quick to spot out tribalism. Could it be that they themselves are tribalists? What harm does it do to appoint seven people of the same tribe who are more capable than the 15 remaining from a gamma of tribes? Be supportive… dont just destroy