M a r k e t N e w s

Zambian government signs US$26 million loan agreement

Posted on : Thursday , 31st July 2014

 The Zambian government has signed a US$26 million loan agreement with the International Fund for Agricultural Development (IFAD) in a bid to provide rural financial services to small-holder farmers

Zambia-farmers-wateringcrops Small-holder farmers in Zambia will benefit from a loan deal entered by the Zambian government and IFAD. (Image source: Bread for the World)
The Zambia rural finance expansion scheme will receive support from IFAD through a loan of US$10.8mn and funding from the Zambian government.
The new agreement was recently set-up by finance minister Alexander Chikwanda and IFAD president Kanayo Nwanze.
Nwanze stated that investments will be promoted by improving and diversifying rural financial services.
"Currently only about 37 per cent of the adult population use financial services, and only 14 per cent of them have bank accounts," Nwanze said.
According to the IFAD president, the programme will be managed by the Ministry of Finance through its Investment and Debt Management Department.
"In addition, it aims to enhance the capacity of financial service providers to deliver demand-driven services in rural areas and this will help increase in the number of adults using financial services, and reduce the cost of borrowing," Nwanze added.

Source : www.africanfarming.net
-->
Featured Companies
  • Fasa | Packaging machinery and solutions
  • /
  • PRODAL 94 SRL
  • ME GUSTA

Complete List  

Advertisers in previous issue:

  • El-Eman company provides a new source of specialized products of the highest standard of quality.
  •  Richfield Industries is a part of one of the fastest growing industrial and services conglomerate with projected turnover of Rs.1000 crore.
  • Dairy Products
  • Symega is a reliable producer of food ingredients and has supplied to many of the finest food processors in different parts of the world.
  • MAYORA Group has grown to become one of the recognized names in the Fast Moving Consumer Goods Industry.
  •  Alexform is the leading manufacturer of cold rolled steel profiles, offering both quality products and reliable service to its customers via the most advanced production facilities in Egypt.
  • Dairy Products,Beverages,Ice Creams;etc.
  • Ideo Tecnica, a company specialized in machinery for the confectionery industry and especially chocolate
  • Manufactures & Suppliers of all Hotel,Restaurant & Bakeries Equipment.
  • We Can Help You Find the Right customers for our Equipment, chemicals, ingredients, Packaging 7 Services in Africa.
  •  Sunshine is one of the leading prestigious fast developing firms in the field of Import & Export Company all over the Globe.
  • Wide Range of Kitchen Equipments.
  • Ulker Group started its adventure with 75 tons of biscuit production in its first year, 64 years ago.
  • MM Vitaoils is a world leader in downstream palm oil industry with full range of packaging.
  • Immediately following WWII, Pan American World Airways had a vision of mass civilian international business and leisure air travel and so began trailblazing its way across the skies of the Americas, Europe, Africa, Asia and the Middle East. Thus came
  • Hotel and restaurent
  • AgriTech Analytic
  • Packing Materials & Machines, Packing  Materials & Machines manufacturer.
  • Kitchen Equipment
  • Complete processing lines for Food Industry.
  • Rich Holding International is a China based international trading company with an expertise in food industry.
  • Veendeep Oiltek is one of India
  • Postharvest international directory of suppliers. Equipments, materials & services. Fruits, vegetable & ornamentals.
  • The Gulf Union Foods Company is one of the key national companies that have a clear contribution to the food manufacturing sector, especially juices and beverages.
  •  International Exhibition on Food Products, Processing & packaging Machineries and Allied Industries.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade