President Edgar Lungu says he will lobby his fellow African leaders for the creation of an African fund.
President Lungu said the fund will be used to spearhead the implementation of projects under the sustainable development goals-SDGs-.
He said most African countries failed to meet the millennium development goals-MDGs – and the continent cannot afford to repeat the same mistakes.
President Lungu was speaking when he met board members and management of the SDGs in New York.
The President also said the fund once actualized will be used to channel resources to water, health and education projects.
And advisor of the SDG board Jeef Sachs said he is ready to mobilise private donors and philanthropists to contribute to the African fund once it is established.
Mr. SACHS said billionaires such as founder of online retailer Alibaba Jack Ma are willing to fund projects in Africa provided a mechanism which will be used to administer money is set up.
Meanwhile, SDG Director General Belay Begashaw thanked the Zambian government for expediting the setting up of an SDG regional office in Lusaka.