Cabinet approves $114 million loan for Kariba dam rehabs

Cabinet has approved the contraction of a loan amounting to US$ 75 million from the World Bank and a further $39 million from the African Development Bank meant for the rehabilitation of Kariba Dam Wall which is being undertaken by the governments of Zambia and Zimbabwe.

Speaking during a media briefing in Lusaka today, Chief Government Spokesperson Chishimba Kambwili says the rehabilitation is vital to the economy of Zambia and the sub region thus the rehabilitation should be urgently undertaken to avoid potential emergency situations.

Mr. Kambwili who is also Information Minister has also revealed that Cabinet has also approved the contraction of $15.5 million from the African Development Bank to support the implementation of the transforming rural livelihoods through the national rural water supply and sanitation project phase two in western province.

He says the project will contribute to poverty alleviation and improved health of Zambia’s rural population through the provision of sustainable access to water supply and sanitation.

Mr. Kambwili has also disclosed that cabinet has approved the appointment of a nine member Zambia Revenue Authority Board in line with section 10 (1) of the ZRA Act chapter 321of the laws of Zambia.

Mr Kambwili stated that President Edgar Lungu has directed that in the interest of transparency, it is important that the general public is made aware of the of the policy decisions made by Cabinet after every cabinet meeting.