Zambia and Japan signed a 12.5 million Sterling loan agreement on Tuesday (January 23) -- a large part of which will pay for construction of an ultra-modern headquarters for Zambian radio and television and information services.
SV INTERIOR PAN.. over models of proposed TV and radio studios (2 shots)
SCU Zambian Minister of Finance and party seated in conference room (Lusaka)
SCU Japanese Ambassador reads agreement
SV PAN..from Zambian Ministers to Japanese Ambassador speaking
SV Zambian Ministers clapping
SV Champagne is poured, PAN to Zambian Minister
SCU Zambian and Japanese flags on table
SCU Ambassadors and Ministers drink a toast
Initials ES. 1800 ES. 1810
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Background: Zambia and Japan signed a 12.5 million Sterling loan agreement on Tuesday (January 23) -- a large part of which will pay for construction of an ultra-modern headquarters for Zambian radio and television and information services.
The total cost should be about six million Sterling.
Some of the loan will be spent on railway modernisation
The agreement was negotiated last August in Japan and was signed on Tuesday by Zambian Finance Minister John Mwanakatwe and Mr. Nobuyasu Nishimiyu, Japanese Ambassador to Zambia.
The loan is to be repaid over 20 years at 4.75 per cent interest.
SYNOPSIS: In Lusaka, a model of a 6 million pound television, radio and information complex went on display...to be built with part of the 12 and-a-half million pounds loan to Zambia by Japan.
The agreement was signed on Tuesday.
The Zambian Finance Minister, Mr. John Mwanakatwe signed the agreement with the Japanese Ambassador to Zambia, Mr. Nobuyasu Nishimiyu, who gave denials at the meeting.
The agreement was negotiated last August and it runs for 20 years at 4 and-a-half per cent interest. Besides the information complex it will finance railroad modernisation in Zambia.
Champagne topped off the agreement, described by officials as one of the most favorable ever negotiated by Zambia. The new communications complex will house the state radio and television networks, the state news agency and government information service.