Zambia’s bilateral financial support from the United Kingdom will be increased, according to foreign affairs minister STANLEY KAKUBO.
One of the projects, according to Mr. Kakubo, is the “Green Growth Compact,” a historic deal that was signed in November 2021 and is expected to be advantageous to all parties by increasing UK investment in Zambia by up to 1 billion pounds.
This comes after a discussion that was held in London on the fringes of the Commonwealth Foreign Affairs Ministers meeting with his counterpart from the UK, JAMES CLEVERLY, Secretary of State for Foreign, Commonwealth, and Development Affairs.
According to Mr. KAKUBO, the two also talked about Zambia’s debt relief options.
While in London, the Minister also had a meeting with King Charles III at a Commonwealth Day reception held at Buckingham Palace, where they discussed the longstanding affinity between Zambia and Great Britain.
This is in accordance with a statement made to ZNBC News by SPEEDWELL MUPUCHI, Zambia’s first secretary for press and public relations.
The Commonwealth Foreign Affairs Ministers conference, which will focus on creating resilience for peaceful, just, and stable societies, is expected to include Mr. KAKUBO tomorrow.
The meeting’s agenda will include funding for environmental sustainability and climate resilience, as well as using intra-commonwealth trade and digital connectivity to assist members during times of crisis.