By OLIVER SAMBOKOHIGH cost of production and lack of incentives like tax waivers have been blamed for failure by some fish farmers who benefited from the Aquaculture seed fund to repay their loans, says Small Scale Fish Farmers Association (SFFAZ).Association chairperson, Victor Chatilika said in an interview that effects of covid 19 outbreak which had a negative bearing on the cost of feed and equipment, has affected the ability of most members to pay back the loans. On Friday, the Citizens Economic Empowerment Commission (CEEC) disclosed that by December 31, 2021, the commission had recorded a 70 percent recovery rate from the disbursed aquaculture seed fund under the under the Zambia Aquaculture Enterprise Development Project (ZAEDP).And Mr Chitilika said lack of incentives like the ones given to foreign investors has also disadvantaged the local aquaculture farmers as they are unable to import equipment from outside where the price is more affordable.Mr Chatilika said there is need for government […]
‘Costly production hinder fish farmers from repaying CEEC loans’
