Thursday, November 14, 2024

Zambia,World bank ink $50 million loan deal

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Minister of Finance and National Planning Alexander Chikwanda
Minister of Finance and National Planning Alexander Chikwanda

Government has signed a 50 million United States Dollars loan agreement with the World Bank for the livestock development and animal health project.

Finance Minister Alexander Chikwanda signed on behalf of the Zambian government while World Bank country Director Kadiresan Kundhavi signed on behalf of the global Bank.

Speaking at a signing ceremony in Lusaka today, Mr. Chikwanda acknowledged the livestock sub sector as an important component of agriculture which must assign urgent priority.

The Minister attributed the low productivity in the livestock sector to under-investment stating that investment is needed to boost animal husbandry and vigorous disease control.

Mr. Chikwanda said the loan will go a long way in containing livestock diseases and ultimately improve the livestock sector in the country.

And World Bank Country Director Kadiresan Kundhavi said the loan signals a turning point in the Bank’s support to the Agriculture sector in Zambia.

Ms. Kundhavi explained that the project supports government’s aspirations to diversify both the economy and agriculture by improving productivity of key livestock production systems for smallholder producers in Eastern, Southern and Western provinces of Zambia.

The project will also cover disease free zones comprising Central, Lusaka and parts of the Copperbelt provinces.

Over 70 percent of the country’s population is dependent of agriculture and livestock and this project has targeted 390 thousand female and male smallholder producers in selected areas to improve Cattle, Goats, Pigs, and Sheep as well as poultry production systems.

QFM

76 COMMENTS

  1. tHOSE ARE THE LOANS WE WANT. BOTSWANA A DESSERT CAN’T BE PRODUCING FAT CATTLE AND ZAMBIA WITH ABUNDANT HAY THIN ANIMALS.

  2. No Government anywhere in the third world has ever been able to develop into a developed country by playing ball with the World Bank/IMF. The MMD was on course to getting rid of reliance on World bank/IMF. Looks like we are going back to the World bank/IMF with guns blazing.

    Even countries with strong economies in Africa like South Africa do not do business with IMF/World bank for obvious reasons and they have vowed never to go to those guys no matter what. The European countries tried hard to fight tooth and nail  to keep World Bank/IMF out of the Greek Crisis. Why? Astute leaders should have learnt one or two things. These guys at the World bank/IMF are bad news, you deal with them at your own peril.

    I leave the rest to others

  3. This is what MMD was trying to avoid – loans from these institutions that have never developed any country to date. Just wait and see how much debt we will accumulate in the absence of sound economic policies and then we will be back to square one – all copper revenue will be going back to bail out Europe.

  4. Pf government no brains the world bank is not a good intitutionj to deal with. these institution do not bring any development at all……..useless chikwanda

  5. PLS MY BELOVED COUNTRY ZAMBIA,WOLD BANK IIS NT THE INSTITUTION TO DEAL WITH,FIND OTHER MEANS PLSE,U IL PAY MILLION TIMES THAN WHAT U GOT.

  6. But sata just donated maize worth 45 million to zimbabwe and today they ask for a loan of 50 million .some thing does not add to me.

  7. Zambia is going back into a debt trap….  this out dated economist was part of the Zambians in government who made Zambia borrow US$7bn with nothing to show for.

    The sooner you get rid of him the better otherwise you are doomed for ever…  That why some of us left that country

  8. Very soon we will be called HIPC( highly indebted poor country) although I will be careful to condemn the PF at this point because they are operating on the MMD budget. You cannot make such deals in six months. Whatever projects going on at the moment are not PF and the PF have done good not to halt are projects eg road, schools etc

  9. When shall we ever learn?From history ,we should by now have been wiser enough to know that long lasting solution to development should come from within with no or little outside aid.Epecially financial aid which seems to be the easier way out.How many still recall the SAP during the second republic?History should be a stepin stone to a better future and forgetting history a spell of self damnation.

  10. Why not stick to China since we have strengthened our economic relationship with them instead of prostituting with World Bank/IMF again?

  11. Ma rubbish!ds satanic institution wil mek u poorer than u were!they r dangerous pipo to deal wd!May de real man of action,Jesus move on the scene n deal wd these moden swindlers b4 we loose out agen ds tym!

  12. The Zed govt doing it’s best job of incurring more debts while letting mining company tax slip away. Why can’t Zambia stay away from acquiring more debts? For sure, 90 percent of that money won’t be used on the said project but will instead go into some people’s pockets to fulfill their slogan of more money in the pockets.

  13. @ MMD Chief Bootlicker I have agreed with you about five times the first quarter of this year. Thus it shall shock many on this forumn my even further saying, SATA president that is should have hired Mangande as finance minister. This I say because Mangande was actually a good minister of finance in Mwanawasa’s government. RB and his hiding in Boston self is another matter. Could the government not borrow $20 million from Zambian millionaires like Kavindele, Mtines’ and a hold of others? Rich Zambians leave much to be desired.

  14. President SATA heed our advice, employ Dambisa Moyo as a national financial advisor; then when we add 4 of the proposed 37 or so Amendments to our constitution. Then appoint her either deputy or minister of Finance.

  15. mathematically it is not good at all these are thieves even though i’ve got no economical experience mathematics is my thing zambia might just pay back $250 m lets be reasonfull pliz i m not saying the project is bad.

  16. Are you telling me we can’t raise a paltry $50m ourselves from other sources instead of going to the devil…don’t we have a livestock development and animal health policy in place…this is the unnecessary dead aid Ms. Dambiso Moyo alluded to…
    I wonder what the terms are for these loans…they improve your rating then offer you ridiculously high interest loans for our grand children to pay… 

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    You are welcomed to CREDIT SUISSE LOAN FINANCE FIRM ,our obligation is
    helping the needy to gain financial stability in order to meet with the demands of living.
    And helping those who are in financial crises.

    We give out loans from the range of $1,000 to $90,000,000.Our loans
    are well insured and maximum security is our priority,at an interest
    of 1.2% rate.

    THANKS
    MR MARK MADRID

  53. ST MARY OF THE ANGELS LOAN SERVICES
    HEAD OFFICE—Richmond Road,Worthing, West Sussex,BN11 4BJ, United Kingdom
    EMAIL—[[email protected]]
    ———————————————————————
    ST MARY OF THE ANGELS LOAN SERVICES is a christian loan firm,we believe in the love and forgiveness of God
    and we spread that Good News and help those those we meet with financially.

    We give out loans from the range of $1,000 to $90,000,000.Our loans
    are well insured and maximum security is our priority,at an interest
    of 1.2% rate.

    We Offer LOANS ranging from $ 3000.00 min to $ 850,000.000 Max at 1.1% interest rate .
    Our loans are well insured, for maximum security is our priority.

    REV ROBERT CHAPMAN
    EMAIL–[stmaryoftheangelsloans@gmail…

  54. T MAXENTIUS CHURCH LOAN FIRM
    HEAD OFFICE;Bolton Road, Bradshaw, Greater Manchester, BL2 3EU UNITED KINGDOM
    EMAIL;[[email protected]]

    ******************************************************************************.
    You are welcomed to ST MAXENTIUS CHURCH LOAN FIRM ,our obligation is
    helping the needy to gain financial stability in order to meet with
    the demands of living.This loan firm is out to help all the christians all over
    the world

    We give out loans from the range of $1,000 to $90,000,000 USD,at 2.0%
    interest rate Our loans are well insured and maximum security is our
    priority,ST MAXENTIUS CHURCH LOAN FIRM is a legitimate and well known
    British approved loan lending company based in London, England.

    BEST REGARDS
    REV.MATTHEW…

  55. CATHEDRAL CHURCH OF ST NICHOLAS LOAN FIRM
    ADDRESS–St. Nicholas Square, Newcastle upon Tyne. NE1 1PF UNITED KINGDOM
    EMAIL–[email protected]

    Welcome to England’s most northerly Cathedral loan firm ,This is a christian roman catholic church
    loan firm in Newcastle upon Tyne england in united kingdom formed to help those who are in
    financial crises and help them achieve their goals in life.

    We give out loans from the range of $1,000 to $90,000,000.Our loans
    are well insured and maximum security is our priority,at an interest
    of 1.2% rate.

    BISHOP THOMAS BANKS
    EMAIL–[[email protected]]

  56. CATHEDRAL CHURCH OF ST NICHOLAS LOAN FIRM
    ADDRESS–St. Nicholas Square, Newcastle upon Tyne. NE1 1PF UNITED KINGDOM
    EMAIL–[email protected]
    REGISTRATION NUMBER—-N159304
    =============================================================================
    Welcome to England’s most northerly Cathedral loan firm ,This is a christian roman catholic church
    loan firm in Newcastle upon Tyne england in united kingdom formed to help those who are in
    financial crises and help them achieve their goals in life.

    We give out loans from the range of $1,000 to $90,000,000.Our loans
    are well insured and maximum security is our priority,at an interest
    of 1.2% rate.

    BISHOP THOMAS BANKS
    EMAIL–[[email protected]]
    ADDRESS–St. Nicholas Square, Newcastle…

  57. FAIR LOAN RATE FINANCE FIRM.
    EMAIL—[email protected]
    ************************************************************
    I am the DR ARNOLD SMITH C.E.O of FAIR LOAN RATE FINANCE FIRM from
    the government authorized agency
    and well known British approved loan lending company based in London,
    united kingdom.

    This is a christian international loan firm and Lenders that has offered
    Loans to various individual and firms in Europe, Asia, Africa and
    other parts of the world.
    We give out loans from the range of ,00usd to ,000,000 USD
    Our loans are well insured and maximum security is our priority,at an
    interest of 2% rate,
    We give out our Loan in USD($) and GBP(£) and any currency of your choice

    Sincere Regards
    ARNOLD SMITH [C.E.O]
    fairloanrateonlinefirm@gmail…

  58. OUR LADY OF GRACE LOAN FINANCE CENTER
    EMAIL ADDRESS—[email protected]
    HEAD OFFICE—–2201 West Market Street Greensboro, NC 27403,UNITED KINGDOM
    ===========================================================================
    OUR LADY OF GRACE LOAN FINANCE CENTER is a loan center for Christians
    and a charitable loan Organization formed to help people
    in need of help and such as financial help

    We give out loans from the range of $1,000 to $90,000,000.Our loans
    are well insured and maximum security is our priority,at an interest
    of 1.2% rate.

    BE BLESS,
    REV COREY GILIBERTUS [C.E.O]
    EMAIL ADDRESS—[[email protected]]
    OUR LADY OF GRACE LOAN FINANCE CENTER

  59. CREDIT SUISSE LOAN FINANCE FIRM
    HEAD OFFICE——–35 Portman Square W1H 6LR,UNITED KINGDOM
    EMAIL ADDRESS——[email protected]
    -*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-
    You are welcomed to CREDIT SUISSE LOAN FINANCE FIRM .
    We give out loans from the range of $1,000 to $90,000,000.,at an interest
    of 1.2% rate.
    THANKS
    MR MARK MADRID
    EMAIL ADDRESS——[[email protected]]

  60. CATHEDRAL CHURCH OF ST NICHOLAS LOAN FIRM
    ADDRESS–St. Nicholas Square, Newcastle upon Tyne. NE1 1PF UNITED KINGDOM
    EMAIL–[email protected]
    =============================================================================
    Welcome to England’s most northerly Cathedral loan firm ,This is a christian roman catholic church
    loan firm in Newcastle upon Tyne england in united kingdom formed to help those who are in
    financial crises and help them achieve their goals in life.

    We give out loans from the range of $1,000 to $90,000,000.Our loans
    are well insured and maximum security is our priority,at an interest
    of 1.2% rate.

    BISHOP THOMAS BANKS
    EMAIL–[[email protected]]
    CATHEDRAL CHURCH OF ST NICHOLAS LOAN FIRM

  61. ST MARK LOAN FIRM
    Head office==912 Coeur D Alene Avenue venice, CA 90291.united kingdom
    EMAIL:[email protected]
    ========================
    This is a Christian and a charitable loan Organization formed to help
    people in need of help and such as financial help.
    So are you are going through financial difficulty ?
    Or you are in any financial mess?
    =======================
    We give out loans from the range of $1,000 to $90,000,000 USD,at 2.0%
    interest rate Our loans are well insured and maximum security is our
    priority,ST MARK LOAN FIRM is a legitimate and well known
    British approved loan lending company.
    ======================
    LOAN APPLICATION FORM
    PREFIX {MR.,MRS.,MiSS.,DR.,etc.}
    1)YOUR NAME
    2)YOUR COUNTRY
    3)YOUR OCCUPATION
    4)YOUR MARITAL STATUS
    5)PHONE…

  62. We are direct provider for BG/SBLC specifically for lease, at leasing price of (5.0 +2)% of face value, Issuance by HSBC Bank London , Barclays Bank London , Deutsche Bank, BNP Paribas, & AAA Rated Banks in Europe, Middle East or USA.

    Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding

    All relevant business information will be provided upon request.
    If Interested kindly contact me via Email:~
    Mr. Bernard butty
    Email: [email protected]

    Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work…

  63. CREDIT SUISSE LOAN FINANCE FIRM
    HEAD OFFICE——–35 Portman Square W1H 6LR,UNITED KINGDOM
    EMAIL ADDRESS——[[email protected]]
    -*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-**-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-**
    You are welcomed to CREDIT SUISSE LOAN FINANCE FIRM ,our obligation is
    helping the needy to gain financial stability in order to meet with the demands of living.
    And helping those who are in financial crises.

    We give out loans from the range of $1,000 to $90,000,000.Our loans
    are well insured and maximum security is our priority,at an interest
    of 1.2% rate.

    We give out our Loan in USD($) and GBP(£) and any currency of your choice.

    THANKS
    MR MARK MADRID
    EMAIL ADDRESS——[[email protected]]
    CREDIT SUISSE LOAN…

  64. Are you a business man or woman? Are you in any financial mess or do
    You need funds to start up your own business? Do you need loan to?
    Settle your debt or pay off your bills or start a nice business? Here
    Is the Solution Guaranty Trust Loans Email;
    [email protected]

    a) Personal Loan and Business Expansion,
    b) Business Start-up, Education,
    c) Debt Consolidation,
    d) Hard Money Loans

    Loan Requirements:
    1. Full Names:
    2. Mobile Number:
    3. Country:
    4. Loan Amount Needed:
    5. Loan Duration:

    Get back to us with the Amount needed and the Duration of the Loan!
    Any interested Applicants should get back to me via email:
    [email protected]

  65. Do you need a Loan to start up a business or to pay up your bills ? We give out Loan at 3% Interest Rate ,if Interested Kindly send us your,Name,Amount Needed,Duration,Phone Number,Address,Country and Monthly Income Via Email to [email protected]

  66. Hello everybody, I am Mr Barry ,currently living in canada,I am a married man at the moment with two kids and i was stuck in a financial situation by august 2012 and i needed to refinance and pay my bills for my son medication. I tried seeking loans from various loan firms both private and corporate but never with success,and most banks declined my credit. But as God would have it, i was introduced to a Man of God a private loan lender by a friend named Mr. James and i got a loan sum of $10,000USD and today am a business owner and my kids are doing well at the moment. So dear,if you must contact any firm with reference to securing a loan with low interest rate of 2% and better repayment plans and schedule,please contact Mr. Stanley Kings he doesn’t know that am doing this but am so happy

  67. SECURE TRUST LOAN FIRM
    HEAD OFFICE–One Arleston Way, Solihull, B90 4LH UNITED KINGDOM
    EMAIL ADDRESS—-[[email protected]]
    ————————————————————————–
    Here comes a brighter opportunity for all those who needs financial help ,
    and who are in financial crises,
    I am the BARRY GLENN C.E.O of SECURE TRUST LOAN FIRM from
    the government authorized agency and well known British approved loan
    lending company based in London, united kingdom.

    We give out loans from the range of $9,00usd to $90,000,000 USD
    Our loans are well insured and maximum security is our priority,at an
    interest of 2% rate,
    We give out our Loan in USD($) and GBP(£) and any currency of your choice.

    Available Loans we offer are,
    * Personal…

  68. NORTHERN ROCK LOAN FINANCE FIRM
    HEAD OFFICE –Northern RockLOAN FIRM One Arleston Way, Solihull, B90 4LH UNITED KINGDOM
    EMAIL ADDRESS—[[email protected] ]
    ————————————————————————
    This is a charitable Organization formed to help people in need of
    help, such as financial help. So if you are going through financial
    difficulty or you are in any financial mess, and you need funds to
    start up your own
    business, or you need loan to settle your debt or pay off your bills,
    start a nice business,or you are finding it hard to obtain capital
    loan from local banks.

    We offer the following kinds of loans to our clients————

    *Investors Loans
    *Debt Consolidation
    *Second Mortgage
    *Business Loans
    *Personal…

  69. Am so happy, My name is SOPHIA JACKSON , and i can,t stop thanking MRS ALICIA ROGER , C.E.O OF

    NATION WIDE LOAN FINANCE SERVICES, Who help me with my loan amount amount of $75
    000 , i have applied for a loan amount from different loan firms in the past, and i ended up
    been scammed of my hard earn money.

    Till my husband sister directed me to MRS ALICIA ROGER , C.E.O OF NATION WIDE LOAN FINANCE SERVICES,and to my own surprises my loan was granted and approved with no delay , and now am so happy ,MRS ALICIA ROGER made my dreams come true, and also please every one out there should help me thank MRS ALICIA ROGER, she is a woman of her words .

    i will advise all those people in need of a loan to please contact NATION WIDE LOAN FINANCE SERVICES they are the best loan firm .here is…

  70. Hello,
    Are you tired of Seeking Loans and Mortgages, have you been turned down constantly By your banks and other Financial Institutions or micro finance scheme. This is to let you

    know with 100% guarantee that we Offer loans ranging from $ 2,000 to $ 500,000,000 at 3% interest rate per Month. We give out LOANS for developing business a competitive

    edge/business expansion. Be rest assure that We are certified, trustworthy, reliable, efficient, Fast and dynamic. and a co-operate financier for real estate and any
    kinds of business financing, we give out long term loan for 6 Month to 30 years maximum and all interest rate and calculate and allow to be pay annually .
    We offer the following kinds of loans and many more; We offer the following loans to individuals-…

  71. This is to notify the general public that CHARITY LOAN COMPANIES has opened an opportunity to every one in need loan. We are giving out loan to individuals, firms and companies under a clear and understandable terms and condition at the rate of 3% interest. Kindly fill the application form below and send it to us via Email: ([email protected])

    you are required to fill the loan application form below.

    Borrower’s Full Name:
    Country:
    State:
    City:
    Contact Address:
    Contact Cell Phone Number:
    Age:
    Sex:
    Occupation:
    Amount Needed As Loan:
    Duration For the Loan:
    Monthly Income:
    Purpose Of The Loan:

    I await your urgent and kind reply soonest to enable us proceed further.

    Mr. John Harman
    Loan department.

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