Zambian Cabinet approves US$65.5mn loan from China

Want China Times, Xinhua 2015-03-28

Zambia's president Edgar Lungu in an interview with Xinhua in
Lusaka, Zambia, March 25. (File photo/Xinhua)

The Zambian Cabinet has approved a loan from the Export-Import Bank of China for the development of the country's Information and Communication Technology (ICT), a government spokesperson said in a statement Friday.

Chief Government spokesperson Chishimba Kambwili said in the brief statement that the Cabinet approved the contract of the loan during its meeting on March 25 which will go towards implementation of the Zambia National Information and Technology Development Project.

"The project is an important initiative to implement the country's ICT development planning which will help enhance the overall development of the ICT industry," he said.

The program involves the creation of a national data center as well as the construction of first-class ICT schools to greatly improve the current situation of ICT education in the country, he added.