Maravi

(LUSAKATIMES) CEEF funds unutilized in Chavuma

CEEF funds unutilized in Chavuma
November 18, 2008

Funds under the Citizens Economic and Empowerment Fund (CEEF) in Chavuma district are lying idle at the Zambia National Commercial Bank (ZANACO) in Solwezi because people in Chavuma cannot access the required forms. Chavuma District Commissioner (DC) Frobisher Fulayi confirmed the development in an interview with ZANIS in Chavuma today.

Mr. Fulayi said the district received funds for programmes under economic empowerment but the funds are still lying idle in the bank because Chavuma district does not have a commercial bank from which the forms can be accessed..

He said the CEEF guidelines require people to access the funds through a commercial bank.

Mr. Fulayi, who is also the Chavuma Citizens Economic and Empowerment Fund Committee Chairperson, said the people are eager to kick-start their investment projects but lack of a financial institution from which to access forms has proved to be a draw back.

He proposed that forms be made available at the Office of the District Commissioner (DCs) so that more people can access the forms in places where they are no commercial banks.

Government released funds under the auspices of the CEEF to districts across the country.

Labels: CEE, CEEF, FROBISHER FULAYI, ZANACO

posted by MrK @ 9:51 PM