FINANCE and National Planning Minister Situmbeko Musokotwane says $20 million from the $750 million Eurobond was allocated and disbursed to the Development Bank of Zambia (DBZ) in 2014. Responding to a question from Nalikwanda MP Koonwa Simunji during a Question for Oral Answer session in the National Assembly, Musokotwane said the government later converted the $20 million into an equity contribution to DBZ in December 2016. He added that 37 small and medium-sized enterprises benefited from the programme. ā€œA total of 20 million US dollar funding was allocated and paid to the Development Bank of Zambia in 2014 from the 750 million Euro-bonds. Madam, the government of the Republic of Zambia being the major shareholder of the DBZ, decided to...

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here