By SILUMESI MALUMOPRESIDENT Edgar Lungu has directed Minister of Finance Bwalya Ng’andu to create a Covid-19 recovery fund to support SMEs which have been negatively affected by the pandemic.He has also directed the Minister of Commerce and Industry Christopher Yaluma to ensure that chain stores prioritise local products from farmers.President Lungu said the recovery fund should be disbursed to the small businesses which have been badly affected during this period.Mr Lungu said during the national address at State House yesterday that this was the only way to ensure that businesses thrive amid the Covid-19 outbreak.“I urge the Minister of Finance to also find other sources to beef up the Covid-19 recovery fund in order for more enterprises can benefit,” President Lungu said.The President said the K10 billion which was released earlier would be part of the recovery funds to help enterprises which had been hit hardest.“I am asking the Minister of Finance to pursue other […]
Set up Covid-19 recovery fund, Lungu tells Finance minister
