Afreximbank commits US$1.6 Billion to Zambia

(ZANIS) The African Export-Import Bank –Afreximbank -has committed 1.6 Billion United states dollars to Zambia towards development financing.

The financing is aimed at strengthening the country’s food security among other economic activities.

Speaking when he called on President HAKAINDE HICHILEMA at State House, Afreximbank President BENEDICT ORAMAH urged the Zambian government to utilise the available financing for economic development.

Professor ORAMAH said this is because Zambia is one of African countries with capacity to produce the grains which other countries are currently importing.

He added that the initiative is aimed at making African countries food secure and maintain their food sovereignty.

Meanwhile President HICHILEMA has welcomed the Development financing stating that it comes at a time when Zambia and most African countries are currently faced with the impact of climatic change.

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