EU cuts ZEDF seed funds by €3.6m
Published On May 31, 2023 » 614 Views» By Times Reporter » Business, Stories
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• COMMERCE, Trade and Industry Permanent Secretary Lillian Bwalya(second left) and Secretary to Treasury Felix Nkulukusa (third left) hand over a cheque of $168,000 to Solomon Chemicals Enterprise officials as European Union representative Claudio Bacigalupi, ZEDF Board Chairperson Biemba Maliti, Zambia Development Agency’s Albert Halwaampa (third right) and ZEDF Manager David Chewe look on. Picture by TELLAH HAZINJI

THE European Union has reduced seed funds to Zambia Export Development Fund (ZEDF) from €4.6 million to €1 million because of poor loan repayments as nearly $2.7 million remained unpaid in principal and interest amounts.

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