EIB Helps Zambia's SMEs

The European Investment Bank is lending 20 million euros (USD25.3 million) to provide financing to small and medium-sized businesses in Zambia. The loan aims to help diversify the country’s economy, which relies heavily on copper mining. It also seeks to generate jobs for local communities. (“EIB grants 20 million euros loan to Zambia” - Panapress, Nov. 28, 2008)