A business consultancy Firm says Germany committing about 850 million Kwacha to Zambia is an indication that investors are regaining confidence in Zambia.
G.N Consultants Managing Consultant Grandy Ntumbo says this following the reports of alleged misappropriation of donor funds earlier this year in some government offices which led to some countries withdrawing donor aid to Zambia.
He has attributed the development to the implementation of the Public Finance Management Act and the financial statements that the Ministry of Finance has been publishing.
Mr. Ntumbo says moves such as these go a long way in boosting donor confidence.
Zambia and Germany recently concluded Negotiations where the Government of the Federal Republic of Germany committed 62.98 million Euros (approximately K 850 million) to the Republic of Zambia covering the years 2019-2020.
Funds committed this year focus on good financial governance, civil society participation, support to the decentralisation process, renewable energy, capacity building in the water sector as well as on HIV/AIDS prevention.
In addition, special funds are being provided: € 10 million for supporting Congolese refugees and host communities and up to € 20.1 million for assisting agricultural development and nutrition.

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