UPND commends Vedanta for $250m for KCM creditors

UPND Secretary General, BATUKE IMENDA has praised Vedanta Resources for arranging 250 million dollars for disbursement to Konkola Copper Mines  creditors.

Mr IMENDA says this will be a huge injection into the economy, and will add impetus to the overall economic development of the country.

He says the pronouncement is also a confirmation that UPND is on course to fulfilling its party manifesto for economic development,  through the revitalisation of the mines.

Last Friday , Vedanta  announced that it has arranged 250-million United States  Dollars to pay Konkola Copper Mines small creditors by July 8,2024.

This follows the High Court decision rendered on June 28, 2024.

Mr.  IMENDA says as pledged by Party President HAKAINDE HICHILEMA, who is also Republican President, the Government remains steadfast on ensuring that Zambians get the full benefits of their natural resources.

Mr IMENDA has assured ZAMBIANS that the future is well secured due to the sound economic policies being implemented across the country through various empowerment programmes.

He highlighted that the increased Constituency Development Fund and expanded Fertiliser Support Programme -FISP – are but just two of the many programmes lifting people out of poverty amidst many national and global challenges.

Mr IMENDA urged ZAMBIANS to remain resolute as the UPND Government navigates the country out of drought-induced challenges of power.