Zambia has signed a $26 million grant agreement with China to boost economic and technical cooperation. The funds will support sectors such as agriculture, education, and health. Officials from both countries emphasized the agreement’s importance for sustainable growth and strengthened diplomatic ties.

Zambia has formalized a significant economic and technical cooperation agreement with China, valued at $26 million. This initiative was announced by Finance and National Planning Minister Situmbeko Musokotwane, who emphasized that funds will target sectors including agriculture, education, health, forestry, and water management.

During the signing ceremony, Dr. Musokotwane highlighted that this agreement symbolizes a commitment to promoting economic growth and sustainable development between Zambia and China. He assured that his Ministry will ensure that the funds are allocated effectively to the designated sectors while enhancing trade and investment opportunities.

Additionally, Chinese Embassy Charge D’ Affairs Wang Shen conveyed China’s satisfaction in witnessing the positive impact of its assistance on the Zambian population. He expressed China’s openness to expanding partnerships with Zambia, reinforcing the growing diplomatic ties between the two nations.

In conclusion, the $26 million grant agreement between Zambia and China represents a significant step toward mutual economic and technical advancement. The funds will enhance critical sectors while fostering sustainable development. The initiative also highlights the strong diplomatic relationship, with plans for further collaboration anticipated between the two countries.

Original Source: znbc.co.zm

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