Business

CEEC sets aside K275m for projects

NOMSA NKANA, Lusaka
THE Citizens Empowerment Economic Commission (CEEC) has set aside about K275 million this year for disbursement to various projects.
Of the total amount, CEEC has allocated the large chunck totalling K200 million towards payment of contractors who have been engaged to construct industrial yards.
Other allocations are for the district value chain project, loan facility for the cashew nut project and the cassava commercialisation project amounting to K57 million, K10 million and K8 million respectively.
In an interview last week, CEEC director general Likando Mukumbuta said that the commission will finance four of its main component areas which will translate to 16, 000 jobs.
Mr Mukumbuta said since the launch of the district value chain project in 2014, the Commission has created 35,000 jobs to date and that over the next five years, it projects to create 30,000 per year.
“This year, CEEC is also expected to disburse K200 million for construction of industrial yards in Western, North-western, Copperbelt, Northern, Eastern, Luapula and Lusaka provinces.
Mr Mukumbuta also said the commission is scouting for funds for the construction of industrial yards in Muchinga, Central and Southern provinces.

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