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Zambia has signed two Memoranda of understanding with the United Arab Emirates for mineral resource exploration between the two countries, as well as enhancement of support to Small and Medium Enterprises (SMEs)
Zambia has signed two Memoranda of understanding with the United Arab Emirates for mineral resource exploration between the two countries, as well as enhancement of support to Small and Medium Enterprises (SMEs). The signing ceremony, held at State House, was presided over by President Hakainde Hichilema and visiting United Arab Emirates Minister of State for Foreign Affairs Sheikh Shakboot AL Nahyan.
Minister of Small and Medium Enterprise Elias Mubanga signed the US$15 million Khalifa Fund for SMEs while Minister of Mines Paul Kabuswe signed the MoU on mineral exploration. President Hichilema urged the teams from Zambia and the United Arab Emirates to speed up the implementation of the agreements, emphasizing that the government was in a hurry to reconstruct the economy and improve the delivery of key social services to the citizens.
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He added that Zambia is particularly interested to collaborate with the UAE and learn from them how they had managed to attain development for their country, using their natural resource base, which he described as admirable. He further said as part of the government’s transformation agenda, technology forms part of the drive towards development and that the UAE becomes a critical partner for the country.
