ZAMBIA & NEW ZEALAND SIGN DEVELOPMENT AGREEMENT

Monday, 4 September, 2017
 
The Governments of Zambia and New Zealand on Friday, 1st September, 2017, signed a Framework Development Cooperation Agreement to facilitate and enhance bilateral economic and technical cooperation between the two countries.
 
Secretary to the Treasury Fredson Yamba signed on behalf of Zambia while Mike Burell, newly accredited High Commisssioner of New Zealand to Zambia, signed on behalf of his country.
 
Under the Agreement, New Zealand, one of the worlds largest producers of beef and dairy products, will give Zambia a grant for implementation of the Zambia Diary Transformation Programme. They will also offer technical assistance in the energy sector - particularly renewable energy. In addition, New Zealand will give scholarships and awards to Zambians for studies and professional training in New Zealand, or home in Zambia, or in a third country agreed between the two parties.

Further, Zambia will benefit through provision of equipment, materials, goods and services support by New Zealand. Under this Agreement, feasibility studies will be carried out to promote growth enhancement relations of firms, institutions, and persons between Zambia and New Zealand.
 
Commenting on the development, Mr. Yamba said the signing of the Agreement with New Zealand attests to the resolve by the Government under the leadership of President Edgar Lungu to seek strategic partnerships in developing the country. He said the agreement will deepen the industrialisation and economic transformation agenda, in line with the Economic Stabilisation and Growth Programme and the Seventh National Development Plan.
 
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