Metro

US earmarks $10m concessional loan to Zambian enterprises

Published

1 month ago

March 27, 2024

About 260 Small and Medium Scale enterprises in Zambia will benefit from $10 million concessional loans by the United States government.

This was revealed by some US Senators who met with President Hakainde Hichilema in Lusaka on Tuesday on the sidelines of a meeting to learn more about the impact of US government investments and programmes in the country.

US Senator Patty Murray who led the delegation that met with Hichilema said the funds would be made available by the International Development Finance Corporation (IDFC) and would be used as concessional loans for the enterprises to expand their storage and production capacity for maize and soya beans.

Murray added that the loan would also improve production of other nutritious and affordable consumer food products, thereby strengthening food security in the country which is currently being ravaged by devastating drought.

“The loan facility was a follow up to the earlier support from the U.S. Agency for International Development, last month at the Partnership for Global Infrastructure and Investment Lobito Corridor Private Sector Investment Forum in Zambia,” Murray said.

The delegation, which had Senators Christopher Coons, Gary Peters, Catherine Cortez Masto and Peter Welch in tow, also met with key government ministers and officials over the two days they spent in the country.

As part of the meeting, the US delegation said they would explore how the US government can support reforms to the business enabling environment to attract greater investment and better spur economic growth.

The delegation also discussed decades-long US support for the health and agriculture sectors and strategies for systematically expanding agricultural productivity and sustaining Zambia’s improvements in public health, as well as emphasizing the central roles of the rule of law and fundamental freedoms to accountable and responsive democratic governance.

After the meeting, President Hichilema took to his Facebook page to post about the positive outcome of the dialogue.

“This morning at State House, we held a meeting with the U.S. congressional delegation led by Senator Patty Murray.

“The other senators included Senator Chris Coons from Delaware, Senator Gary Peters from Michigan, Senator Catherine Cortez Masto from Nevada and Senator Peter Welch from Vernmont.

“During the meeting, a wide range of issues were discussed including the friendship that Zambia shares with the United States.

“We briefed the delegation on how Zambia is repositioning its social, economic and political journey, with the national development plan as the blue print

“We also discussed other issues including the drought, food security and jobs for the women and youth.

“We also thanked them for the support in the recently concluded debt restructuring process. We shall continue to engage with partners for the betterment of our country.”

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Metro

‘Rights must go with responsibilities,’ traditional leader cautions on use of social media

Published

11 mins ago

May 8, 2024

Akanimoh Etim

Mansa, Luapula Province: Annette Katema, the Head Woman of Chitumbi Village in Mansa District, voices concerns about the detrimental effects of irresponsible social media usage.

In a recent interview with Zambia Monitor, Katema argued that social media platforms were contributing to delinquency among the youth, particularly platforms like WhatsApp, TikTok, and Facebook.

“Children are being exposed to inappropriate content on WhatsApp, which is harmful to their upbringing. Social media platforms are fostering moral decay,” remarked Head Woman Chitumbi.

She stated that this trend undermined the cultural values that were essential for societal cohesion.

Katema expressed reservations about the prevalence of nudity and offensive language on social media, calling for stricter moderation.

She advocated for proactive measures to steer young people away from harmful online content, suggesting the revitalization of traditional recreational activities like playhouses and sports.

“Instead of solely relying on punitive measures, let’s invest in creating positive alternatives to counter the allure of social media,” Katema proposed.

She urged the youth to uphold traditional values alongside their digital rights, stating the importance of responsible behavior online.

“We should not lose respect in the name of digital rights because rights should go with responsibilities,” the traditional leader said.

This story is sponsored content from Zambia Monitor’s Project Aliyense.

Metro

President Tinubu finally returns to Nigeria amid speculations over his absence

Published

4 hours ago

May 8, 2024

Akanimoh Etim

After spending the last two weeks out of Nigeria, President Bola Tinubu has finally returned to the country.

Tinubu, who returned to Nigeria on Wednesday morning, had departed the country two weeks ago, on April 23, for The Netherlands for a three-day official visit, honouring an invitation from the Dutch Prime Minister, Mark Rutte.

While in the European country, Tinubu participated in the Nigerian-Dutch Business and Investment Forum, which brought together heads of conglomerates and organisations in both countries.

After his engagements in The Netherlands, Tinubu, according to his Special Adviser on Media and Publicity, Ajuri Ngelale, proceeded to Riyadh, Saudi Arabia, to attend a World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development which held between April 28–29.

However, after the summit, the president did not return to the country as he was said to have proceeded to London for a private visit which gave room to speculations over his health.

The Nigerian Presidency did not also help matters as there was no official statement on the President’s engagements, nor were they willing to douse the tension created by his absence, leading to Nigerians raising posers with the hashtag #WhereisTinubu.

In a tweet on Tuesday evening, the President’s Special Adviser on Information and Strategy, Bayo Onanuga, had revealed that Tinubu would be back in the country on Wednesday.

“President Bola Tinubu, along with his aides, will return to Nigeria tomorrow from Europe,” he had written.

The recent foreign trip was Tinubu’s 20th since assuming office on May 29, 2023, effectively logging 96 days abroad, which has made him one of Africa’s most globe-trotting leaders.

In his less than one year in office, President Tinubu has visited Paris, France (thrice); London, the United Kingdom (twice); Bissau, Guinea-Bissau (twice); Nairobi, Kenya; Porto Norvo, Benin Republic, New Delhi, India.

He has also taken a trip to Abu Dhabi and Dubai in the United Arab Emirates; New York, the United States of America; Riyadh, Saudi Arabia (twice); Berlin, Germany; Addis Ababa, Ethiopia; Dakar, Senegal; Doha, Qatar; and The Hague, The Netherlands.