The Citizens Economic Empowerment Commission (CEEC) has urged loan recipients to responsibly utilize the funds, ensuring their businesses remain operational and sustainable in order to repay the loans.
This follows CEEC’s successful financing of 159 agricultural mechanization projects and 56 energy sector projects, with a combined investment of K135,904,285, of which projected outcomes of the projects expected to materialize this year.
CEEC Public Relations Manager, Michelo Mukata, highlights that the allocation is aimed at enhancing mechanization, irrigation, alternative energy, and agro-processing capabilities to build resilience for the future in response to the national emergency crisis including the drought and power shortages among others.
Speaking in an interview with RCV News in Lusaka today, Mr. Mukata explained that due to limited resources, the focus is on loan recovery.
“Those who still owe should repay, so that CEEC can have the capacity to assist other potential clients,” said Mr. Mukata.
Meanwhile, Mr. Mukata stated that priority in the recent disbursement was given to those who applied during previous application windows, as well as those who promptly responded to the new application opportunities.
He also encouraged prospective applicants to seek accurate information when applying to ensure they can effectively participate.
Margaret Mwanza
