The United Nations Technology Bank will set up a regional centre for Science, Technology and Innovation in Zambia at the cost of 30 million United States dollars.
In a statement issued to Money FM, Higher Education Minister Dr Brian Mushimba says the decision to allow Zambia to host the regional centre of excellence for the Southern African Development Community was reached at during a two days Science, technology and innovation consultative meeting held in Madagascar.
Dr. Mushimba told the Zambian Mission in Pretoria, which has extra accreditation to the Republic of Madagascar that the establishment of the center in Zambia would help the country build capacities around science, technology and innovation as well as engineering and mathematics.
The Memorandum of Understanding is expected to be signed during the ground breaking ceremony to be held in Lusaka soon and the project would be completed within 12 months once construction was commenced.