The Zambian government has introduced the Sustainable Agriculture Financing Facility credit window, marking the beginning of the registration process at district agriculture coordinators’ offices. This initiative, designed to support and promote sustainable agriculture practices, aims to provide accessible loans to farmers. Agriculture Minister, Reuben Mtolo, revealed that these loans will be made available through banks at a competitive interest rate of 12 percent. The minister emphasized that all beneficiaries will be required to enter bonding agreements, committing to selling their produce to the Food Reserve Agency (FRA). This commitment serves as a market facilitation strategy, ensuring food security for the nation.
FULL ARTICLE: https://www.lusakatimes.com/2023/11/03/government-launches-sustainable-agriculture-financing-facility-to-boost-farming/
