The European Union (EU) has urged the government to tap into the newly launched EU external Investment Plan as a driver for economic development.
EU Head of Delegation Allesandro Mariani says the external investment plan is a strategic and innovative initiative aimed at helping developing countries access loans and investments in sectors such as energy, small cities, digitisation and agriculture.
Speaking at the European Union External Investment Plan outreach event in Lusaka today, Mr. Mariani said the EU will raise up-to about 44 billion Euros from financing institutions, private sector and member states for investment in Africa.
He said the package includes technical assistance to support the development of bankable projects and the enhancement of business climate.
At the same occasion, Commerce Minister Christopher Yaluma said government has created a conducive environment for investment through the development of strategic policies such as the national Trade Policy.
EUROPEAN financing has stringent governance rules. PF Government lacks the disciplibe to access the funds unless a miracle happens.
They will jump on anything especially development of urban areas like CB as we approach 2021…so Lazy can dance on stage and claim its PF.
Don’t do it. Same as Euro bond, which was squandered by PF. No one can explain or have records of how much Miles Sampa lost Euro Bond at New York stock exchange.
They are busy siphoning $150 million donated by World Bank for Cashew nut project in western province.
They stole from the blind & disabled from zampost cash transfer scandal.
China will also soon learn the importance of ensuring good governance prevails in countries that seek its financial support as that is the only way to get repaid.
Ba Zambia, you start debating here that PF this, PF that. You should understand the mindset of the capitalists from the West. There has been a video circulating the past few years on how they keep third world countries down & under control. It’s loans & more loans. Sata’s approach to governance is exactly what they love – loans, euro bonds, perfect. Lungu blindly & greedily jumped into it. And now here were are, poor for sure. Zambia is broke & heavily indebted. Now they come in with more offers so they can even get you down from your knees into the grave. And African leaders will go & get thinking they can use this loan to pay the others
In this day and age we are using plywood to decorate the wall…really laughable
@Jay you need mental review, seriously. You should probably advise PF to liquidate state house and sell off all wood decorations. Why do you think Mukula is so much on demand?
Nothing wrong with this offer at all. EU money comes from taxes from everyone living and working in Europe, including you and I Jay Jay. So indirectly, we are contributing to our national development through this deal unlike IMF and World Bank funds which are purely driven by neo colonial capitalist motives.
Where do you think IMF get its funds from? Really laughable…
Those pompwes only know how to tap into government coffers and donor aid.
It is not good to only look for someone to help the biggest problem for our politicians, better choose to stand on your own two feet and show that you a man enough , beggars are always beggars and it is a disease or a plague people should learn to shake off, the yolk of bondage is degrading , to anyone even in villages some people keep on borrowing what they cultivated to be given a little payment for the work for food , year in and year out it is repeated and remain poor forever.
Hahaha….! Everyone is feeling the Chinese ‘heat’ and coming up with all sorts of development packages for Africa.
ba Robbie is not wrong. The Americans and Europe are struggling to paint China black because their hunting ground for cheap resources is being taken away by the Chinese. Recolonisation are the words they think will resound with Africans so they use them always.
Malabish! First they have a go at us for borrowing cheaply to the Chinese now they want to entice us to dodgy loans so that they can force us to compromise with our sovereignty. Uko!! Stronking biscuit. We don’t want your money. Maybe EU can consider trading with us instead?