Business

CEEC to disburse K37 million to projects

NOMSA NKANA, Lusaka
THE Citizens Economic Empowerment Commission (CEEC) has set aside K37 million for disbursement to various projects in the first half of the year.
CEEC director general Likando Mukumbuta said as at March 31, over K19 million has been disbursed to several beneficiaries with quarry, stock-feed processing, tourism, block-making and aquaculture, among other projects, being the target value chains of the empowerment funds.

“Tourism K4.13 million, quarry K1.2 million, stock-feed processing K3.12 million, block making K2.58 million, rice processing and transportation K1.47 million, aquaculture-fish production K1.13 million, cotton processing K0.68 million, dairy production K0.70 million, mango processing K0.12 million, pineapple transportation K0.10 million, poultry processing K0.79 timber processing K0.07 million and water bottling K0.38 million,” he said.
Responding to a press query, Mr Mukumbuta said in terms of social distribution of the disbursed amount, a total of K9.51 million was loaned out to women, whereas the youth received K6.21 million, with K3.30 million and K390,000 being loaned out to men and the physically challenged respectively.
Mr Mukumbuta said through various projects undertaken by the commission, a total of 24,000 jobs have been created since 2012, reiterating the Commission’s commitment to the creation of employment opportunities in line with the Job Creation and Industrialisation Strategy.
Meanwhile, Mr Mukumbuta said the commission is this year in November expected to commence construction of industrial yards in Mansa, Kasama, Solwezi, Chipata, Mongu, Lusaka, Kitwe and Ndola.

 

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