Business

CEEC sets aside K487m for 2016 programmes

NANCY SIAME, Lusaka
THE Citizens Economic Empowerment Commission (CEEC) is expected to spend K487 million this year on various economic empowerment activities in the country.
CEEC director general Likando Mukumbuta said the activities, which will ensure balanced job creation and industrial strategy through value addition, are expected to generate about 30,000 jobs.
Of the total K487 million, the treasury has provided K187 million and US$30 million by Africa Development Bank (AfDB) under its skills development and entrepreneurship project between the bank and Government.
“This year, we will continue with programmes around job creation through value addition and the equity approach where 90 percent will go to rural areas. At the same time, we will ensure that of the total funding, 40 percent goes to youth-led projects and 30 percent to women,” Mr Mukumbuta said in an interview recently.
He cited development of industrial yards and water bottling activities as some of the activities that will be funded this year.
He also said the commission will inject K122.5 million in value chain projects in all provinces.
The value chain projects include beef, horticulture, honey, cassava and soya beans in Central Province, and horticulture and fish farming in Copperbelt Province.
In Eastern Province, the areas being targeted are soya beans, horticulture, edible oil, beef, stock feed and cotton.
Cassava, fish farming, rice, groundnuts and sub-sectors in tourism are some of the areas that are being focused on Luapula Province.
Other projects include fish farming, beef and goats value chain in Lusaka, groundnuts, rice, fish farming and beef in Muchinga and groundnuts and stock feed in Northern Province.
In North-Western Province, CEEC will fund the honey, pineapple, rice, groundnuts and fish farming projects while projects to be financed in Southern Province include soya beans, tourism, beef, dairy and gemstones.
The commission will finance rice, fish, cassava, beef and timber projects in Western Province.

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