GOVERNMENT has urged investors to help the country effectively respond to the power supply emergency, and ensure that long-term power sustainability strategies are implemented through public-private-partnerships. Further, government has disclosed that it released K16.9 billion last month to finance developmental programmes and general public service delivery. Government says out of this amount, K2.2 billion went toward domestic debt service, K256.9 million to external debt service and K2.1 billion was used to help dismantle arrears, particularly on legacy fuel supply. According to a statement issued by the Office of the Secretary to the Treasury, Sunday, Finance Minister Situmbeko Musokotwane urged investors at the IMF/World Bank Group annual meetings to invest in Zambia’s renewable energy, mining exploration and development, among other areas....

This premium content is for paid ePaper subscribers.
Subscribe
Already a member? Log in here