Categories: Editor's Picks

Finance Minister urges new NRFA board to help build on what has been attained

• To ensure that systems for prioritization of value for money in financing…are streamlined and strengthened.
• Work with the PPP Department in the Ministry of Finance and National Planning.
• Guide management in re-developing the organizations strategic plan in line with the Eight National Development Plan

Finance and National Planning Minister has urged new National Road Fund Agency (NRFA) board to help build on what has been attained at the institution.

In a statement issued to Money FM news on appointment of new (NRFA) board members, Dr. Stumbeko Musokotwane said this is in order to ensure that systems for prioritization of value for money in financing and managing road sector funds and payments systems, are streamlined and strengthened.

Dr. Musokotwane further guided the new NRFA board to closely work with other institutions such as the Zambia Revenue Authority (ZRA), Road Development Agency RDA), Road Transport and Safety Agency (RTSA), and the Department of Immigration to assess the state of operations at major borders and make certain that integrated systems are promoted for the benefit of the travelling public and regional trade facilitation.

He furthermore, encouraged the board to work with the Public Private Partnership (PPP) Department in the Ministry of Finance and National Planning to explore road sector financing models that will mitigate the dependency on the Treasury and instead elevate private sector participation.

The Minister also called for continuous training and re-training of toll managers and operators to ensure minimal delay and improve efficiency at toll-gates.

He tasked new NRFA board being led by Mr. Joe Mutwale the Board Chairman to guide management in re-developing the organizations strategic plan in line with the Eight National Development Plan and the thrust of Government to develop through public-private-partnerships that leave no one and no region behind.

The Minister of Finance and National Planning appointed a new board for the National Road Fund Agency (NRFA) – pursuant to Section 5(1) of the National Road Fund Act Number 13 of 2002 after the previous board was dissolved in December, 2021.

The New Board comprising 12 members of which 7 are men and are 5 ladies has representatives from Law Association of Zambia, Zambia Institute of Chartered Accountants, Truckers Association of Zambia, Ministry of Finance and National Planning, Economics Association of Zambia, Ministry of Transport and Logistics, National Council for construction, Ministry of infrastructure and Urban Development, Ministry of Justice, Zambia Chamber of Commerce and Industry, Chartered Institute of Logistics and Transport, and the Board Chairperson who is a Member of the Public.

More From Author

World Bank urges Zambia to capture other benefits beyond mining sector

• World Bank is committed to supporting African countries to translate Africa’s mineral wealth into…

Read More

Kwacha gains should benefit consumers – BuyZed

• This is to ensure that consumers begin to enjoy what is produced locally.• Manufactures…

Read More

SEC attributes decline in Q4 bond trades to delayed debt restructuring process

• One of the challenges is to do with the delays in finalizing the debt…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

IZB profit up 18.74% to K604.33 million

IZB has posted a K604.33 million Net Profit after tax for the year ended 31st…

Read More

Indo Zambia Bank declares K50 million dividend cheque

This is part of the K125 million dividend, the highest ever for 2023 financial year.…

Read More

Economist expects currency to hit K15 between April, December, 2024

  The Kwacha has been experiencing an unusual decline since introduction of the Export Proceeds…

Read More