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Mining

World Banks lends $100M to Zambia to reduce mining pollution

Saturday, 24 December 2016 04:10

(Ecofin Agency) - World Bank has agreed to lend Zambia more than $100 million to help it curb health risks associated to environmental mining pollution. The loan will also support the country’s economic diversification.

“The project is very significant for Zambia because it will contribute to clean up some parts of the old mining town of Kabwe which still has unacceptably high levels of lead in the soil,” the bank said.

The financial institution said that out of the loan, $65.6 million will be used to mitigate risks associated with mining pollution, while $40 million will be used to support agro-industrial and commercial projects as part of the country’s strategy to diversify its economy.

Second largest copper producer in Africa, Zambia relies a lot on its mining sector. The sector however causes many environmental issues in cities where mines are locates.

Louis-Nino Kansoun





 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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