By Sharon Kunda- The European Union -EU- and Zambia have signed two financing agreements to boost investments in the country.
Under the agreements, the EU will provide a combined grant total of 1.1 billion Kwacha for the Economic Governance Support Programme and the Zambia Energy Efficiency and Sustainable Transformation programme.
Head of the EU delegation to Zambia and COMESA, Jacek Jankowski signed on behalf of the EU, while Secretary to the Treasury Fredson Yamba signed on behalf of the Zambian Government in Lusaka today.
Mr. Jankowski said the signing of the two financing agreements is good news for Zambia as they are aimed at improving Government’s service delivery to the private sector and the public at large.
He noted that the overall business environment and investment climate in Zambia remains challenging to support and accelerate private sector growth.
Mr. Jankowski said the EU will support Zambia by contributing to the creation of conducive conditions for private sector development.
And Mr. Yamba said both programmes will be financed under the 11th European Development Fund which is the current partnership programme between Zambia and the EU.
He explained that the two financing agreements are targeted at supporting Government’s efforts towards strengthening economic governance and energy efficiency in Zambia.
Mr. Yamba said the support to economic governance will aim at contributing to improving the business and enhancing the investment climate in the country.