Maravi

INDO Bank hails govt over 'good' budget

INDO Bank hails govt over 'good' budget
By Ntalasha Mutale
Monday January 28, 2008 [03:00]

INDO Zambia Bank executive director Cyril Patro has commended the government for presenting a good budget this year saying it would improve the conditions of people in Zambia. And community development minister, Catherine Namugala, said there was need for the government to promote non-residential care for the aged and orphans.
Visiting Cheshire Homes in Chawama on Saturday, Patro said the budget this year was the greatest achievement that Zambia has made to improve the economy and the social sector.

“It is very satisfying to see the level of progress in Zambia. We as Indo- Zambia Bank want to assure the government of our willingness to continue partnering and supporting the government’s initiatives in uplifting the economy,” Patro said.

Patro also said government’s aim of uplifting the under-privileged and the vulnerable was yielding positive results and had presented greater impetus for the bank to come forward and partner with it.

The bank undertook an eye camp worth K20 million at Cheshire Homes for the aged and orphans, and donated groceries worth K10 million.

And Numugala said there was need for the government to promote non-residential care for the aged as most of them could not move to special homes because of the extended families they had to look after.

“Fifty per cent of the vulnerable children were being taken care of by grandparents who do not even have the capacity to feed them properly or take them to school,” Namugala said. “There is need to help them from their homes.”

She commended Indo for the eye camp and said it would enable the aged at the home access modern facilities and spectacles.

Labels: 2008 BUDGET, INDO ZAMBIA BANK

posted by MrK @ 4:43 AM