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Officials from the International Finance Corporation will soon be in the country to finalise financing agreements for the construction of the Kafue Gorge Lower power project.

Commerce Minister Felix Mutati said the construction of the power station will cost one $1 billion.

He also disclosed that the African Development bank and another Chinese bank will give Zambia over $28 million to assist Zambian businesses expand.

He said this in Lusaka when he officiated at the Zambia Association of Chambers of Commerce and Industry Annual General Meeting.

Mr. Mutati also said the government will consider possibilities of reducing the International Gateway fee to make it affordable for the mobile phone service providers.

Although the International Gateway has been liberalised, the cost of using it, is pegged at $12 million which is considered to be out of reach for telecommunication providers.

Mr. Mutati also urged the business community to focus on opportunities that the global financial crisis presents rather than looking at the negative impact.

He said every crisis presents an opportunity which the private sector should be exploiting.

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