Millennium challenge gives Zambia $458m

The Millennium Challenge Corporation has given Zambia a compact of 458 million United States Dollars.

Speaking at the MCC Headquarters in Washington, D.C. to celebrate the completed negotiations, MCC Principal Deputy Vice President KYEH KIM said the deal was the fastest ever done in history.

Ms. KIM thanked the Zambian Government for its commitment to changing the lives of its people, adding that she was hopeful that the agriculture sector will improve agro-business.

And Secretary to the Treasury FELIX NKULUKUSA says preparations and the commitment from the MCC and the Zambian side shows the desire to foster economic growth.

Meanwhile, Zambia Ambassador to the US CHIBAMBA KANYAMA praised the Zambian delegation for their commitment to work for the country.

Dr KANYAMA expressed confidence that once the renewal AGOA is extended, Zambia will be able to increase its exports in agriculture.

President HAKAINDE HICHILEMA’s Economic Advisor, PAMELA NAKAMBA, was among the Zambian delegation in Washington, D.C.