By BUUMBA CHIMBULUA €30 million agricultural facility to support smallholder farmers and rural cooperatives across the Zambia has been launched by Zanaco bank and Team Europe.The initiative will assist improve agricultural investment, productivity, upgrade, and processing as well as support towards a sector severely impacted by Covid-19 challenges.The financing scheme will be managed by Zanaco and backed by the European Union and European Investment Bank (EIB), as part of the broader Team Europe support for sustainable commercialisation of Zambian smallholder farmers.The investment marked another milestone for Zanaco as the first bank to partner with Team Europe to deliver the dedicated support to the agriculture, says Zanaco Board Chairman, Hastings Mtine.Mr Mtine said the partnership would allow the bank to extend €15 million to support the growth of the agriculture sector in Zambia.Through this partnership, he explained, the bank and customers would benefit from skills training and technical assistance.He said Zanaco was committed to building on […]
30 million farmers’ support facility launched
