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Zambia: EU to Give Zambia K3 Billion


Monday, 27 January 2014

Zambia: EU to Give Zambia K3 Billion

The European Union (EU) will give Zambia 484 million Euros (about K3.63 billion) support for the period between 2014 and 2020 for development projects and governance issues.
This follows talks held between the Zambian Government and the EU on future Strategic Partnership at which the 11th European Development Fund Programme was subsequently negotiated.
The discussions and negotiations were held on the sidelines of the East, Southern Africa and Indian Ocean Region - European Development Fund (EDF) Programming Seminar held recently in Brussels Belgium.
Outgoing Deputy Minister of Finance Keith Mukata headed the Zambian delegation while the EU was represented by Commissioner, Andris Piebalgs and EU Ambassador to Zambia Gilles Hervio.
According to a statement released in Lusaka yesterday by Ministry of Finance public relations officer, Chileshe Kandeta, the cooperation will focus on energy, agriculture and governance.
In the energy sector the proposed support is expected to compliment the resource requirements for rehabilitation of the Kariba Dam, and the promotion of technology transfer through solar power projects, as an alternative household energy source aimed to replacing charcoal and firewood.

Source: AllAfrica.com