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Alba Iulia
Tuesday, August 4, 2020

UK government is ready to offer support to Zambia in different sectors

Economy UK government is ready to offer support to Zambia in different sectors

Secretary to the Treasury Fredson Yamba
Secretary to the Treasury Fredson Yamba

The Zambian Government says it looks forward to contributing to a strengthened partnership with the UK for the mutual benefits of the two countries

Secretary to the Treasury Mr. Fredson Yamba has said there is need for continued and increased bilateral trade between Zambia and the United Kingdom as well as increased Foreign Direct Investment from the UK to Zambia in order to help create jobs and reduce poverty. 
 
And Baroness Lindsay Northover has said the UK government is ready to offer support to Zambia in different sectors such as microeconomics, governance, social protection, private sector development, gender, education and health.

During a meeting with Baroness Lindsay Northover, the Trade Envoy to Zambia, charged with the reasonability of increasing trade and economic cooperation between Zambia and the United Kingdom, Mr Yamba said the Zambian government is committed to enhancing its bilateral cooperation with the UK government through exchange of visits and exploration of new areas of cooperation.

He assured Baroness Lindsay Northover that the Government of the Republic of Zambia looks forward to contributing to a strengthened partnership between Zambia and the UK for the mutual benefits of the two countries.

He expressed gratitude to the UK government for rendering Economic and Technical support averaging 60-70 million per annum through the Department for International Development (DFID) in the areas of budget support, microeconomics, governance, social protection, private sector development, gender, education, health and other social sectors.

Mr. Yamba also requested for potential support to build capacity in the management of Public Private Partnerships in Zambia, as well as attract potential investors from the United Kingdom in PPPs in Zambia.

He told the Baroness that there was need for more UK based investors to invest in the Zambian financial instruments such as Government bonds and Treasury Bills.

The Secretary to the Treasury assured the Baroness that the Government is also strengthening the Public Financial Management system s to monitor utilization of public resources and also pledge to strengthen the fight against corruption and impropriety.  

And Baroness Northover said Zambia was an important trading partners adding that the two countries should continue strengthening their bilateral trade and economic ties.

The Secretary to the Treasury was accompanied to the meeting that was held at the Foreign and Commonwealth Office by Zambia’s High Commissioner to the UK Muyeba Chikonde, Counselor Economic Mr. Mukela Mutukwa, Mrs. Mwila Kasase-Zulu, Assistant Director, and Mr. Patrick Mfungo, Senior Budget Analyst.

5 COMMENTS

  1. They fool us with Aid just to keep our eyes closed. A white man knows that if africans go it by themselves, they can develop Africa and we are doomed. This stupid aid is like a blinders on our eyes so we don’t wake up. Dambisa Moyo wrote a book about this aid and how it is used to keep africans poor. The illusion of receiving aid tricks our minds i

  2. always on the begging end. the top civil servants should be fired they aren’t helping the lazy-one. we have diverse opportunities locally to basically industrialize Zambia. Now there we go back to colonial master and expressing regret: sorry Britain we shouldn’t have been independent from the monarch.

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