• Short Summary

    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.

  • Description

    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.

  • Tags

  • Data

    Film ID:
    VLVA7GZNCXCKDXCSMC33YZA35OSM
    Media URN:
    VLVA7GZNCXCKDXCSMC33YZA35OSM
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    25/01/1973
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:07:00
    Time in/Out:
    /
    Canister:
    N/A

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