Thu, 11 Oct 2012 11:17:48 +0000 GOVERNMENT has no money to pay small scale farmers for the maize supplied to the Food Reserve Agency (FRA) and has directed the agency to source for over two trillion Kwacha from the money market. Deputy Minister of Agriculture and Livestock Luxon Kazabu said that government had allocated K300 billion Kwacha towards the 2012-2013 marketing season which had already been exhausted by the agency. “We had allocated K300 billion towards the purchase of maize in the budget but as you know we need to purchase over 1 million metric tones of maize but again we have run out of funds. So what we have done is that we have directed FRA to go and source for the money on the money market and government will guarantee the loan,” he said. He revealed that government had already approached Finance Bank and another Bank for the loan facility of about K2.1 […]
