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President Lungu has right tools for economic recovery - Mutati

http://zebru.org/images/zambian%20delegation%20led%20by%20finance%20minister%20felix%20mutati%20meeting%20eib%20officials%20at%20eib%20headquarters%20in%20luxembourg.jpgBRUSSELS, FRIDAY, 20TH JANUARY, 2017 – Zambia’s minister of Finance Felix Mutati says, in President Edgar Lungu, Zambia has a practical leader with credentials necessary for the country to realise socio-economic stability; attain economic recovery; and reach greater heights in job-creation, prosperity, and sustainable development.
The Minister said this in Luxembourg today during a meeting with the European Investment Bank [EIB]. Mr Mutati said the EIB was doing a great job on financing in sub-Saharan Africa.
He said to achieve the necessary and much needed economic recovery, Zambia has taken tough but strategic policy measures aimed at driving the country forward.
“I am glad that our European partners have recognized the tough decisions we have taken to secure the country through economic recovery through removal of subsidies and implementation of measures which facilitate strong public institutions, policy consistence, and fiscal discipline,” Mr. Mutati said. “We have a President who is a practical leader with a blend of credentials required to maintain socio-economic stability and implement measures which will ensure that we achieve economic recovery”.
And Mr Patrick Walsh, EIB Deputy Director General and Director for the Global Partners Division, revealed that out of EURO 407 million, Zambia has received the largest assistance in the Africa Caribbean Pacific [ACP] Region from 2011 to date.
“Of the total amount given from 2011 to date, EURO 80 million went towards rehabilitation of the Great East Road, EURO 22 million for the Kafue-Livingstone Transmission Line, EURO 50 million for the Itezhi-Tezhi Hydro Power Transmission Line, EURO 75 million for the Zambia Water and Sanitation Project, EURO 78 million for the Lusaka Power Transmission and Distribution Network, and EURO 120 million for the Lusaka Sanitation Project”, Mr Walsh said. “Next month, we will send a team of experts to Zambia to engage with the private sector on capacity sharing on project preparation, resource mobilisation, and competitiveness”.
Mr. Mutati was accompanied to the EIB Headquarters by Ministry of Finance Permanent Secretary for Economic Management and Finance, Mr Mukuli Chikuba, Zambia’s Ambassador to the Benelux and the EU Mrs Grace M. Mutale Kabwe, and officials from the ministry and Embassy respectively.


                                                                                                                                                                                                                                                                                                                                                                                  Issued by:                                                                              

Lambwe Kachali [Mr]
First Secretary (Press & Public Relations)

Tel: +32 (0)2 343 56 49; Fax: +32 (0)2 347 43 33; Mobile +32 (0) 486 731 267
Email: This email address is being protected from spambots. You need JavaScript enabled to view it. ; This email address is being protected from spambots. You need JavaScript enabled to view it. ; Website: www.zebru.org

 

Last Updated on Thursday, 02 March 2017 17:41

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EU gives Zambia 65 million Euros to boost power transmission

http://zebru.org/images/zambian%20finance%20minister%20felix%20mutati%20with%20eu%20commissioner%20for%20international%20development%20neven%20minica%20in%20brussels.jpgBRUSSELS, THURSDAY, 19TH JANUARY, 2017 – Zambia and the European Commission have signed a EURO 65 million financing agreement for the Lusaka Transmission Distribution Rehabilitation Project.
The agreement was signed this afternoon in Brussels, Belgium, between Finance Minister Felix Mutati and European Commissioner for International Development, Neven Minica.
During a consultative meeting after the signing ceremony, Mr. Minica said the European Commission was delighted to maintain its partnership with Zambia. The EU commissioner said it is time the world stopped looking at Africa as an aid recipient but a formidable partner in development and a platform for stronger global trade.
“We are happy with the progress Zambia has made in project identification and preparation but would like to see a greater pace in absorption of 11th European Development Fund (EDF) of about [EURO 484 million] resources. By end of 2017, he added, “Zambia has to access at least 80% of the remaining funds instead of waiting until 2020”.
Going forward, Mr Minica stressed that European Commission would like to institute de-risking, concessional facilities, and credit guarantee schemes for private sector investment in Africa.
He said the EU is delighted at Zambia’s initiatives aimed at attracting private investment, particularly in the energy sector.
“In this regard, we will be participating in the Batoka Gorge Investor Conference to be held in Zambia,” he added. “We have EURO 4 billion under a facility called European Investment Fund, for providing the private sector with guaranteed concessional funds for investment in Africa”.
Mr. Minica also affirmed that the European Commission was committed to investing in renewable energy in Africa and was, therefore, targeting the production of five Gigawatts [5GW] across the continent to assist in improving access to electricity and clean energy.
And Mr. Mutati has thanked the European Commission for the EURO 65 million assistance provided under the National Indicative Programme [2014-2020]. The funds will facilitate the connection of more than 63,000 new customers to clean, reliable and affordable energy.
The Minister said his visit affirms Zambia’s commitment to a new and greater level of cooperation with the European Union.
“This agreement will not only facilitate reduction of system loses and improved load management, but also provide the requisite energy for the private sector to up their production and service levels,” he said.
Mr. Mutati also assured the European Commission that Zambia was taking measures to improve absorption capacity and project implementation efficiency and effectiveness.


Issued by:                                                                              

Lambwe Kachali [Mr]
First Secretary (Press & Public Relations)

Tel: +32 (0)2 343 56 49; Fax: +32 (0)2 347 43 33; Mobile +32 (0) 486 731 267
Email: This email address is being protected from spambots. You need JavaScript enabled to view it. This email address is being protected from spambots. You need JavaScript enabled to view it. Website: www.zebru.org
                                                                                                                                                                                                                         

 

Last Updated on Thursday, 02 March 2017 17:32

Hits: 278

Zambians in diaspora encouraged to participate in national development

http://zebru.org/images/defense%20attache%20col.%20simwanda%20addressing%20zambian%20diasporas%20during%2052nd%20independence%20celebrarions%20in%20the%20netherlands.jpgBRUSSELS, TUESDAY 25TH OCTOBER, 2016 – Zambia’s envoy to the Benelux and the European Union (EU), Ambassador Grace M. Mutale Kabwe has implored Zambian diasporas to participate in the country’s national development.
In a speech read on her behalf by Defense Attache, Colonel Samsom Simwanda during Zambia’s 52nd Independence Anniversary held in the Kingdom of the Netherlands yesterday, Ambassador Kabwe said diasporas have a big role to play in achieving social and economic development of the country. She said Zambia cannot attain the much sought development without participation of Zambians living in the diaspora.
“Your role in national development and national-building is significant. I will not relent in encouraging you to invest in Zambia. Zambia belongs to you and therefore you have an obligation to develop your country.” She emphasized.
The Ambassador called for hard work, sacrifice and patriotism among Zambians to overcome the challenges.
The freedom fighter-generation provided an example to this generation, she said, that it takes deep patriotic conviction and selfless devotion to the greater good of all.
“This year’s theme, “Working Together for Greater Unity, Hard Work, and Patriotism” is very symbolic because, as you are aware, we are coming out of an election held on August 11th – which in the eyes of others though it would divide us. But as a country, we said no divisions! We instead came out more united, determined and stronger than ever before” she said.
Ambassador Kabwe further invited potential investors to focus on Zambia as their investment is guaranteed of maximum security, growth and prosperity. The government of Zambia, she said, will continue to implement programmes and activities aimed at attracting and promoting investment into the country.


                                                                                                                                                                                                                                                                                                                                                                                  Issued by:                                                                               

Lambwe Kachali [Mr] 
First Secretary (Press & Public Relations)

Tel: +32 (0)2 343 56 49; Fax: +32 (0)2 347 43 33; Mobile +32 (0) 486 731 267

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it. This email address is being protected from spambots. You need JavaScript enabled to view it. ; Website: www.zebru.org


 

Last Updated on Monday, 31 October 2016 08:36

Hits: 397

Zambia hails ACP-EU relations

Zambian delegation led by Finance Minister Felix Mutati paying courtesy call on ACP Secretary General in BrusselsBRUSSELS, WEDNESDAY, 18th JANUARY, 2017 – Zambia’s Minister of Finance Felix Mutati today held a successful meeting with Dr Patrick Gomes, Secretary General of the African, Caribbean, and Pacific (ACP) group of states in Brussels, Belgium.
The two officials discussed a range of issues on trade and economic with regard to strengthening bilateral relations between Zambia and the ACP. They further conferred on the importance of regional integration initiatives; state of play of the Economic Partnership Agreement (EPA), and the future of the ACP post 2020.
Welcoming his guest, Dr Gomes noted the strong bond that exist between Zambia and the ACP organisation. He also briefed the minister on the activities undertaken by the organisation in cooperation with the European Union (EU), which have and continue to bear positive results. The Secretary General hailed Zambia for political and economic stability and initiatives undertaken to develop the country. He expressed gratitude to the country and its people for supporting efforts of the ACP in ensuring existing trade barriers between the EU and ACP countries were eliminated.
And Mr Mutati noted that for development to be realised in ACP countries, there is need to strengthen engagement with the EU on the basis of mutual interest, particularly on matters of deregulation, harmonisation of rules, regulations and reduction of non-tariff barriers. The Minister expressed concern that restrictions on free movements on goods, persons, labour, capital and services were against the principle of international cooperation and development. He called for a stronger ACP-EU cooperation on critical areas such as sustainable infrastructure investment, trade and industrial policies. Mr Mutati further called for enhanced support for Small and Medium Enterprise (SME) sector, as a major job creator in developing countries, including Zambia.
The Minister assured Dr Gomes of Zambia’s support as the organisation works out it future post 2020 when the Cotonou Agreement, a framework for the EU-ACP relations expires.


                                                                                                                                                                                                                                                                                                                                                                                  Issued by:                                                                              

Lambwe Kachali [Mr]
First Secretary (Press & Public Relations)

Tel: +32 (0)2 343 56 49; Fax: +32 (0)2 347 43 33; Mobile +32 (0) 486 731 267
Email: This email address is being protected from spambots. You need JavaScript enabled to view it. ; This email address is being protected from spambots. You need JavaScript enabled to view it. ; Website: www.zebru.org
                                                                                                                                                                                                                                                                                                                                                                                                                                                  

 

Last Updated on Thursday, 02 March 2017 17:14

Hits: 311

Zambia proud of its democratic record-Kopulande

http://zebru.org/images/img_8722.jpgBRUSSELS, THURSDAY 13TH OCTOBER, 2016 – Zambia has extolled the international community for their support during the August 11th general elections.
Zambia’s Member of Parliament Honourable Sebastian Kopulande yesterday informed the African, Caribbean and Pacific (ACP) Parliamentary Assembly in Brussels that the country’s elections on August 11th were held under the newly amended constitution signed by His Excellency President Edgar Chagwa Lungu on January 5th 2016.
He said the new constitution brought into effect clauses such as Article 47 which stipulates that ‘Elections to the office of the President shall be conducted directly under a majoritarian electoral system where the winning candidate must receive more than fifty percent of the valid votes cast’.
He said the presidential election results which were  announced on August 15th renewed President Lungu’s mandate after obtaining 50.35 percent of the total valid votes cast.
“His Excellency Mr Edgar Chagwa Lungu was re-elected and subsequently sworn-in on 13th September, 2016 as President of the Republic of Zambia for  a period of five years from 2016 to 2021.
The Zambian legislator said Zambia is proud that the elections were peaceful and credible, held in a free and fair atmosphere. He said the country is thus pleased of its democratic record.
Mr Kopulande who has been elected co-rapporteur for the EU-ACP Joint Parliamentary Assembly expressed gratitude to all the election observers for the confidence and trust shown in Zambia’s electoral system.
“The election observers were satisfied with the manner in which the elections were held and therefore, declared the Zambian elections as generally free and fair. The elections were observed by several organisations, which included among others the African Union, Southern Africa Development Community (SADC), the Electoral Institute of Southern Africa (EISA), the Carter Centre, the International Conference on the Great Lakes Region, and the European Union. A delegation from the European Parliament was headed by Mr Michael Gahler, Member of the European Parliament (MEP) and Member of the ACP-EU Joint Parliamentary Assembly.”
He added, “the African Union for example, concluded in its report that the elections were conducted in a peaceful atmosphere within the framework that satisfactorily met the continental and regional principles of democratic elections.”
He conveyed to the ACP and the EU Zambia’s appreciation for the unwavering support rendered during and after the elections.
“I also wish to express sincere gratitude to the government and people of Zambia for the kind messages of congratulations received from your respective governments to our President on his electoral victory.”
The ACP Group is the largest trans-national intergovernmental organisation of developing countries in the international system, with 79 member countries from Africa, the Caribbean and the Pacific. The main goal of the Group is to drive South-South solidarity and North-South cooperation for the sustainable development of ACP countries and their successful integration into the world economy. Originally brought together as a result of the Association Clause in the Rome Treaty of 1957, which established the European Common Market, the Georgetown Agreement of 1975 formally established the ACP Group as an intergovernmental association.


                                                                                                                                                                                                                                                                                                            Issued by:                                                                              

Lambwe Kachali [Mr]
First Secretary (Press & Public Relations)

Tel: +32 (0)2 343 56 49│Fax: +32 (0)2 347 43 33│ Mobile +32 (0) 486 731 267

Email: This email address is being protected from spambots. You need JavaScript enabled to view it. This email address is being protected from spambots. You need JavaScript enabled to view it. Website: www.zebru.org 


                                                                                                                                                                                                                     

Last Updated on Wednesday, 19 October 2016 08:33

Hits: 553

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