Ministry of Commerce, Trade and Industry

Funding to the Citizen Economic Empowerment Fund (CEEF) has been suspended. This follows poor performance of the fund. Commerce, Trade and Industry Minister,  Robert Sichinga, announced the suspension in Lusaka during a press briefing held at the Ministry's boardroom recently. The Minister further directed that the CEEC should not receive or process any new applications.

He also directed CEEC to institute measures to recover all existing loans due, without political interference and in a business like-manner. The measures to recover money from loans include engagement of nationwide debt collectors, institution of legal proceedings against defaulters except those which were only partly funded and, engagement of an independent consultant to rating of loans for recovery purposes.  

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