Indian veep coming to sign US$50M credit

Indian Vice President Mohammad Hamid Ansari flew today morning for his seven-day visit to the three African nations.
A special aircraft carrying the vice president and the accompanying delegation left New Delhi for the Zambian capital Lusaka and is expected to land at Lusaka International Airport at 16 hours local time.

Key on the Ansari’s agenda in Zambia is to sign an agreement extending a line of credit of $50 million for the Itezhi Tezhi hydropower project. There will be other agreements to be signed.

Tata Africa holding has formed a joint venture with Zambia Electricity Supply Company to carry out the project.
He will be staying in Zambia for two days and then shall carry on his visit to the  Malawi and Botswana.
He is accompanied by Minister of State for Labour and Employment Harish Rawat, members of parliament and a business delegation.
In the recent years, this trip is one of the highest-level visits from India to the three African countries.
Zambian President Rupiah Banda had been to India to attend the India Africa Forum Summit in April 2008 during his tenure of vice presidentship.
India has large investments in Zambia’s mining sector. Vedanta Resources has a major stake in the Konkola Copper mine, the largest mining company in the southern African country.

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