Government has given the Citizen Economic Empowerment Commission (CEEC) a six weeks ultimatum to start disbursing the citizen economic empowerment funds to the intended recipients.
Minister of Commerce, Trade and Industry Felix Mutati said the process of disbursing funds by the commission should be speeded up so that people do not lose hope in the commission.
Mr. Mutati noted that there is need for the CEEC to start working out modalities and publish the guidelines on how the citizen should access the funds.
He advised the CEEC to come up with a strategy of reaching out to all parts of country and ensure that the fund is accessible to all beneficiaries within six weeks.
Speaking at the launch of CEEC Company Logo, the Minister ordered the commission to ensure that they start disbursing the funds before it holds any other gatherings like workshops, seminars among others.
He said he did not want to see a situation were he will start explaining what the CEEC is all about when parliament resumes sitting in June.
Meanwhile, Government has implored the Citizen Economic Empowerment Commission (CEEC) to ensure transparency and accountability in the disbursement of the economic funds.
Minister of Commerce Trade and Industry Felix Mutati says the Commission should further ensure that the funds are accessible by all the targeted beneficiaries in the country.
Mr. Mutati explained that the economic funds should not be treated as a Bank loan or grant but be seen as a grant meant for empowering the local citizens so that they can contribute to national development.
He noted that the collateral and payment terms should be flexible and not discourage people to apply for the funds.
Mr. Mutati said government has pledged its support to ensure that people are economically empowered for the betterment of their lives.
He stressed that people want to see transformation of funds from policy to implementation.
The Minister was speaking in Lusaka today when he officiated at the launch of CEEC Organisation Logo.
And speaking earlier, CEEC Commissioner Dillon Chipungu said the Organisation aims at changing the way business is conducted in the country.
Mr. Chipungu said the Commission remains committed to promote economic transformation in order to increase the participation of Zambian citizens in the economic activities of the country.