The State House yesterday played host to a distinguished delegation from the European Investment Bank (EIB) today, led by its Vice President, Mr. Thomas Östros. The meeting reaffirmed Zambia’s pivotal role as the EIB’s largest partner in Southern Africa, showcasing the strength of the enduring partnership between Zambia and the European Union.
A highlight of the meeting was the launch of a €20 million investment aimed at driving agricultural growth in Zambia. This initiative is a collaborative effort between the EIB and First Capital Bank, and it forms part of the EIB’s Pan-African Green Agriculture Value Chain. It promises to make farming more accessible and appealing, sending a clear message to citizens to view agriculture as a viable business opportunity.
President Hakainde Hichilema expressed his appreciation for the EIB’s commitment to partnering with the private sector to enhance productivity and production in Zambia. This aligns with Zambia’s government strategy to elevate the agriculture sector as a cornerstone of the nation’s economy.
Looking ahead, both parties are optimistic about further collaborations between the EIB and the private sector. These partnerships will extend to high-impact areas such as water harvesting, agricultural mechanization, and more accessible financing options. These efforts are expected to generate employment opportunities and secure livelihoods for the people of Zambia.
The joint endeavors between the European Investment Bank and Zambia are poised to usher in a new era of sustainable growth and development for the nation.
What they won’t tell you is the value of the resources hh has given these colonialists in exchange for money that will benefit only a certain tribe and party
Is this a grant or loan? Ba LT journalist please help us with more depth reporting. But seeing First Capital Bank is involved, it’s most likely loans.
Please we are not poor stop with your pledges…stop spoon feeding us so that you end up stealing our wealth
The quicker you realise we still in the crawling stage
You will understand what is needed
What wealth do you have? Same song since 1964! Wealth but no show. We have nothing my brother otherwise we’d have seen it
Hh aka uncle tom
It’s a bit like African Union pledging 20 tones of copper to the British metal industry aimed at resuscitating the industry. Compare that with the amounts splashed at the war in Ukraine.
So in Zambia there are no IT guys who can trance this fugitive Kaizar Zulu give me the contract let me get him for you I hear he is always using VPN and proxy to post and be online that can be unmasked.