By Brian Mwale
Cabinet has allowed oil marketing companies that are ready to start producing pure ethanol to undertake a six month pilot ethanol blending programme.
The decision was arrived at during a Cabinet meeting called by President HAKAINDE HICHILEMA on Monday to discuss policy and legislative matters aimed at enhancing the socio-economic development of the country.
Chief Government Spokesperson CORNELIUS MWEETWA says Cabinet wants to cushion the country against fluctuations in the international oil prices so as to enhance security of supply of fuel in the country.
Mr. MWEETWA notes that Zambia expects a reduction in fuel prices once the blending starts.
And Mr. MWEETWA says Cabinet also approved in principle for the introduction in parliament of two amendment Bills and repeal of an Act of Parliament.
He says the three Bills are the National Payment Systems, the Investment, Trade and Business Development and the Border Management and Trade Facilitation of 2023.
Mr. MWEETWA says other decisions approved by Cabinet are the ratification of the International Solar Alliance Framework Agreement as part of Zambia’s commitment to the Paris Declaration in making solar energy an important component of Zambia’s energy mix.
He says Cabinet has also approved to undertake the second-round money laundering/terrorist financing/proliferation financing national risk assessment, to address the emerging risks associated with Money Laundering.
Mr. MWEETWA, who is also Information and Media Minister, says Cabinet has approved hosting of the African Union High-Level Summit on Drug Use and Substance.
He says Cabinet also approved a nine member Pensions and Insurance Authority Board of Directors.
This is contained in a statement availed to ZNBC News in Lusaka today.
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