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Government to get $41.5 million loan from Export-Import Bank of Korea

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Chishimba Kambwili with Amos Chanda at Statehouse
Chishimba Kambwili with Amos Chanda at Statehouse

Cabinet has approved the contraction of a 41.5 million US dollar loan from the Export-Import Bank of Korea for the Establishment of a Public Safety and Information System Project in Lusaka.

Chief Government spokesperson Chishimba Kambwili said in a statement released to the media that the loan is meant to improve public safety and security in Lusaka.

Mr. Kambwili said that this followed growing concern on the rise in criminal activities as well as the disorderly conduct of some sections of society in the city.

Below is the full statement

PRESS STATEMENT BY THE CHIEF GOVERNMENT SPOKESPERSON ON THE DECISIONS MADE BY CABINET AT THE 1ST CABINET MEETING HELD AT MULUNGUSHI INTERNATIONAL CONFERENCE CENTRE ON 18TH JANUARY, 2016

(LUSAKA) Monday, January 18, 2016, — At the 1st Cabinet Meeting held on 18th January, 2016 at Mulungushi International Conference Centre, Cabinet made the following were the decisions:

(a) Contraction of a Loan amounting to US$ 41.5 million from the Export-Import Bank of Korea for the Establishment of a Public Safety and Information System Project

Under this Item, Cabinet approved the contraction of a loan from the Export-Import Bank of Korea amounting to US$ 41.5 million to support the establishment of Public Safety and Information System Project in order to improve public safety and security in Lusaka.
Cabinet has approved the contraction of the loan as there has been growing concern on the rise in criminal activities as well as the disorderly conduct of some sections of our society.
The funds shall be utilised in ensuring that the mechanisms for crime detection and prevention, through modern technology are strengthened.
The loan is highly concessional with interest rate at 0.01%; repayment period of 25 years; grace period of 15 years; and service charge of 0.1%. These conditions are very favourable and would not create undue pressure on Government in terms of repayment.

(b) Passports (Amendment) Bill, 2015

Under this item, Cabinet approved in principle, the introduction of a Bill in Parliament to amend the Passports Act, in order to provide for the recognition of the International Criminal Police Organisation (INTERPOL) Passport Travel Document as an official travel document for Law enforcement officers travelling and carrying out official duties on INTERPOL related matters.

With the increase in international criminal activities, such as human trafficking, money laundering, theft of motor vehicles and cybercrime, it has become imperative that Law enforcement officers in the various countries around the world cooperate and work towards curbing these crimes. To ensure their participation in the International Criminal Police Organisation, it is necessary that they are effectively facilitated, especially with regard to travel so that they can expeditiously attend to the crimes.

Further, the 79th INTERPOL General Assembly approved the INTERPOL Travel Document initiative in order to ensure that Member countries could benefit from INTERPOL’s support and assistance without delay, whenever and wherever needed. It is, therefore, a requirement that Member countries of INTERPOL grant special Visa status to authorised holders of a valid INTERPOL Travel Document. Hence the need to amend the Passports Act.

(c) Appointment of Members of the Board of Directors for the Energy Regulation Board

Under this Item, Cabinet approved the appointment of seven (7) members of the Board of Directors for the Energy Regulation Board. The appointment is in line with Regulation 3 (1) of Schedule to the Energy Regulation Act, Chapter 436 of the Laws of Zambia as amended in 2003. The Board is responsible for the execution of its mandate of regulating the energy sector in line with the legal provisions.

(d) The 15th Session of the Zambia-Botswana Joint Permanent Commission of Co-operation (JPC)

Under this item, Cabinet took note of the information that the 15th Session of the Zambia-Botswana Joint Permanent Commission (JPC) of Co-operation was held in Livingstone, Zambia, from 2nd to 4th September, 2015.

The major outcomes of the 15th Session of the JPC will include the signing of a number of Memoranda of Understanding between the two countries in a number of areas such as Foreign Affairs, Justice, Cooperation on Combating Corruption and Economic Crime, Health, Customs and Excise, Science and Technology, Trade and Industry, Agriculture and Livestock, Tourism and Wildlife, Energy and Transport and Communications.

(e) Zambia’s Participation at the Twenty First Session of the United Nations World Tourism Organisation (UNWTO) General Assembly

Under this item, Cabinet took note of the information that Zambia participated in the 21st Session of the United Nations World Tourism Organisation (UNWTO) General Assembly, which was held from 12th to 17th September, 2015, in Medellin, Colombia, under the theme, “Fostering inclusive development and social transformation”.

One of the key outcomes of the meeting for Zambia was that Zambia was elected as a member of the Executive Council, which is UNWTO’s Governing body responsible for ensuring that the ?Organisation carries out its work.
—————————————————————————————————

Hon. Chishimba Kambwili
MINISTER OF INFORMATION AND BROADCASTING SERVICES
(CHIEF GOVERNMENT SPOKESPERSON)

30 COMMENTS

    • The other day, it was announced that “they” will start importing the same maize “they” exported last month maize to cushion the hunger that is looming.

      Does that mean more fasting and prayers?

    • The other day, it was announced that “they” will start importing the same maize “they” exported last month. to cushion the hunger that is looming.

      Does that mean more fasting and prayers?

    • ZigZag, you are very right – THEY WILL ?PROTECT US while we PRAY & FAST!!!
      You know, HUNGER & MEDICINES ARE NOT THAT IMPORTANT – Infact when they say they will buy Security Equipment – they are probably talking about more Riot Gear, Guns, to shoot more opposition cadres, Bullet proof vehicles to protect themselves!!

    • We need file LAWSUIT against PF government tomorrow, for these loans, they were warned.
      Ms. Mwangalaand many other lawyers will represent us free of charge… Even the Solicitor General will be on our side.

    • Money for campaigns. Surely is there reasoning before taking these loans. Without shame stealing broad day light. Even their children know that ba dad ni ba pompwe. Why stealing from poor and leaving debt when you die so that the poor children will suffer. Gentlemen sure, nangu ma election ukuwina sure paka fye mwibepo money. What security systems will be put up in lusaka that will deter stealing.
      This is really sad. Africa why mama Africa suffer because of stupidity of a few gangs. You steal you die and leave everybody in debt, then what have you achieved????

    • Begging really diminishes dignity…its the norm for these shameless empty tins..they can manage to raise $10m for a pointless prayer house!!

    • Security for who and against who. Typical example of poor financial policy and resource utilisation. The root cause of rising insecurity in Lusaka is the blatant ineqUality in income. Many have nO means of sustaining their lvelihood the economic and social environment is very harsh. They families to feed too. Amidst this misery they fat cats, mostly throgh corrupt gvt deals, flaUntIng money around what do you expect them to do?Solution is to provide a conducive environment for every one reasonaby comfortably not to buy sophisticated equpment to protect yOursel from your own. A satified society has no hunger driven criminality.

  1. FDD promised to take the Govt to court if they get another loan without parliament approval as per ammended consitution. We will eagerly wait to see what happens next.
    While the whole world is facing recession, is it critical to put these security gadgets in Lusaka? What about the rest of the country? Nothing wrong with improving security in the country but the timing might not be right. Couldn’t we use this $41.5 Million elsewhere e.g Food security or Health?

  2. Fantastic, this will help increase security in our country. Hope this import export bank has the plan to export to us Kimchee, which if eaten and drunk with Mahewu is very good for your gut and health!! UNWHO appointment is proof we are rising up in the right places. We need to keep our reputation as stable and friendly country.

  3. PF bloggers like ‘HH Telchilema’ are expecting us to vote for this government again this year when they’re busy wiring borrowed money to secretive offshore accounts? Muzadya pansi!

    • It’s you and your friends who have the evidence but fail to hand it in to relevant bodies that are failing Zambians.

  4. What exactly is the role of the Zambia Police Service iof they cannot control crime at bus stops? If they are unable to because the PF cadres have more power than them why not bring in our gallant army or better still the commandos, there will be disipline in no time.

  5. fools will always enjoy chewing on silver plate money bcos they av not worked 4it.just get loans as much as u can since u ar in power but time ll catch u up.you ll pay for your sins one day.all u know z borrowing but ba pf u av really destroyed this country your days ar numbered i end here.

  6. fools will always enjoy chewing on silver plate money bcos they av not worked 4it.just get loans as much as u can since u ar in power but time ll catch u up.you ll pay for your sins one day.all u know z borrowing but ba pf u av really destroyed this country your days ar numbered i end here.fools

  7. Another loan from a development Bank meaning zero input from local companies or skills transfer all we have do is payback even figures like this….very disgraceful

  8. If we now unable to pay for security measures/gadgets to protect ordinary citizens without borrowing, it means things are financially getting worse. What internal service provision for citizens are we paying from our own resources? It seems the govt. is now having to borrow to meet any of its obligations.

  9. Just a Pension scheme for P.F Goons, as its now dawning on them that August 2016- “Ulendo Ulipo” -kuya bebele, so they are padding their Bellies, before they flee abroad, to enjoy their I’ll gotten gains.
    Mark my words, this Money will NOT be accounted for, once these Cowboys have left office.

  10. OH NO, AGAIN ITS ANOTHER DEBT!!!!!!!!!. PLEASE GOD HELP US. WE DO NOT NEED ANYMORE DEBTS AND KOREANS ARE TOO DANGEROUS. THIS PF IS PUTING ZAMBIA FOR SALE.
    KIETH MULEVU SUNG A FREEDOM SONG ENTITLED ” FREEDOM WE HAVE ACHIEVED WE ARE NOW INDEPENDENT” BUT FOR SURE BA PF CAN WE CALL THAT WE ARE INDEPENDENT NOW?

    NGAWAMONO UMULWANI AISA NO LUPIYO LWINGI, WIKOKOLA UMUSEBE WEMWINE WACHALO…, THIS MEANS THAT IT US ZAMBIANS THE OWNERS MUST REMOVE PF OUT OF POWER BY 11 AUGUST OR ELSE WE ARE DOOMED.

  11. Why is the loan reported by GRZ spokes man and not the minister of Finance? Things don’t add up in this govt. Loan after loan all over the world? And there people supporting this govt!

  12. We need cameras in towns.there is no way pipo can even stealing mirrors of vehicles without being detected.Cairo,lumumba,freedom way n chachacha ,independence avenue church raod,Lumumba and other important roads should have cameras.

    • It’s not priority dude. You do not have to support everything you know. You are allowed a bit of brain use to relay independent objective thought. And if you think this money is really being borrowed for security, you are duller than I thought. This is an election year, the reserves are depleted and so your government needs campaign funds. Why not a loan for an obscure purpose we never even heard them mention before, not even once.

  13. Iam appalled to say the least when it comes to PF contracting loans. They are behaving like lumpens and momas. The only thing they are specialized at is contracting loans left, right and center.

    Where are the economic think tanks of PF who can advise their party not to be reckless when it comes to dealing with the economy. Iam not an economist but one thing I know, you can not contract a loan to finance a non performing project, for this matter maintenance of so called Peace and security.

    The bembas say INFULA PAKUYA YONAULA IFISABO interpreted as when the rains are about to go destroys crops.

    Please PF have a heart for your country because at the rate you are going, it is very frightening.

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