
Zambia and China have this afternoon signed two agreements on economic and technical co-operation. The agreements will see Zambia benefit from Chinese grants and interest free loans.
Finance Minister Situmbeko Musokotwane signed on behalf of Zambia, while Chong Quan who is the Vice Commerce Minister of China signed on behalf of his country.
The signing ceremony was witnessed by Vice President George Kunda and visiting Vice Prime Minister of China Hui Liang
The two countries also signed two Memorada of Understanding to strengthen their agriculture sectors.
Agriculture Minister Eustackio Kazonga signed for Zambia while China’s Vice Minister of Agriculture Niu Dun signed for his country.
The other MoU was signed by Zambia Development Agency Chief Executive Officer Andrew Chipwende and Chairman of the National group of China Liu Shenli.
And Vice President George Kunda has said that China provides opportunities to many areas which are critical to Zambia’s economic development.
Mr Kunda said Prime Minister Hui’s visit to Zambia will create further channels of co-operation and enhance bilateral relations.
And Mr Hui said Zambia and his country have continued to enjoy long standing mutual and cordial relations.
Meanwhile President Rupiah Banda and visiting Chinese vice Premier Hui Liangyu are this afternoon expected to officiate at the ground breaking ceremony for the construction of a multi-billion Kwacha Lusaka stadium.
The ultra modern sports facility, to be built next to the old stadium, will be the second the Chinese government will construct, after the Ndola Stadium which is expected to be completed later this year.
In the last five years, the Zambia national soccer team has been playing its home games at Konkola Stadium in Chililabombwe after the grand stand at Independence Stadium was demolished to pave way for a new structure.
The independence stadium has not been operational after it was declared unfit by the world football governing body FIFA.
ZNBC