Citizen Economic Empowerment Commission (CEEC) Board Chairperson Kasuka Mutukwa has called on the beneficiaries who have acquired loans from the commission to pay back the money.
Dr Mutukwa says it is sad that while government was encouraging initiative by organizations such as CEEC to give out loans, it was sad that most of the beneficiaries are not paying back loans.
ZANIS reports that the CEEC chairperson said this when he paid a courtesy call on Mambwe district
Commissioner Caroline Mwanza, who was represented by District Works Supervisor, Mabvuto Zulu yesterday.
The Chairperson said Zambians should however take advantage of getting loans from CEEC whose interest rates stood at twelve percent.
Meanwhile, Dr Mutukwa noted that Mambwe district is among the three districts that were in the lead in projects accessing the funds from CEEC alongside Chipata and Petauke since its inception six years ago.
Dr Mutukwa also said the district is famous because of its rice production which is being processed locally through hammer mills procured using funds acquired from CEEC.
Accompanied by CEEC Commissioner Mercy Siame among others, Dr Mutukwa , toured several projects in Mambwe district .
Among these included the first ever Zambian owned Air Mafuta Aviation Services Limited (AMAS) at Mfuwe International Airport which supplies aviation fuel for both local and international planes.
Other projects toured include Mangani Banda, Ndembe, Minemac and Lillli Rice projects, some of whom have already paid back.
And AMAS Managing Director Eliya Zulu disclosed that his company acquired K1,015,734.00 from CEEC in 2011 and has since paid back.
Mr. Zulu who has a workforce of five people is intending to spread his business to Chipata and intends to apply for over K2 million from CEEC to fund the project which requires a total sum of K2, 862,860.
The commission was on a three day tour of some projects funded by CEEC in three districts, namely Mambwe, Chipata and Petauke.