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Zambian Cabinet approves 65.5 mln USD loan from China

Xinhua, March 28, 2015 Adjust font size:

The Zambian Cabinet has approved the contraction of a loan from the Export-Import Bank of China for the development of the country's Information and Communication Technology (ICT), a government spokesperson said in a statement Friday.

Chief Government Spokesperson Chishimba Kambwili said in the brief statement that Cabinet approved the contraction of the loan during its meeting on March 25 which will go towards implementation of the Zambia National Information and Technology Development Project.

"The project is an important initiative to implement the country's ICT development planning which will help enhance the overall development of the ICT industry," he said.

The program involves the contraction of a national data center as well as the construction of first-class ICT schools to greatly improve the current situation of ICT education in the country, he added. Endi