Good infrastructure necessity – HH

CHAMBWA MOONGA
Lusaka
PRESIDENT Hakainde Hichilema says good infrastructure is a necessity for Zambia to fully exploit her resource endowment.
He said this when Millennium Challenge Corporation (MCC) chief executive officer Alice Albright called on him at State House yesterday.
MCC, an agency of the United States of America (USA) government, provides large grants to deserving countries for them to implement infrastructural projects to support economic growth and poverty reduction.
In 2012, the corporation provided Zambia with the first grant of US$355 million that went towards water, sanitation and drainage infrastructure in selected parts of Lusaka.
The second compact of US$450 million from MCC will be invested mainly in infrastructure.
MCC and the Ministry of Finance and National Planning last month signed an aide memoir in Washington, USA, to signify the start of the second compact.
The President is elated that the second compact from MCC focusses on infrastructure and also asset finance…https://enews.daily-mail.co.zm/