Agric Minister, Phiri, outlines govt plans to raise over $900 million to support value chain investments

Agriculture Minister, Reuben Phiri, has outlined Zambia’s ambitious plans to raise over US$900 million in investments across four value chains namely maize, soybean, aquaculture and honey.

Phiri outlined this plan at the Hand in Hand Investment Forum, held under the auspices of the Food and Agriculture Organisation (FAO) in Rome on Thursday.

He underscored Zambia’s strategic focus on these value chains, designed to not only boost agricultural productivity and exports, but also to contribute to eradicating hunger, alleviating poverty, and promoting inclusive growth.

“Zambia’s commitment to sound agricultural policies and good governance creates a favourable environment for investment.

“By developing our maize, soybean, aquaculture, and honey sub-sectors, we aim to tackle hunger, reduce poverty, and create sustainable employment, especially for women and youth,” he said in a statement issued in Lusaka on Thursday.

According to the minister, Zambia’s favourable climate, rich water resources and fertile soils provided it a natural advantage in producing high-quality agricultural products.

“Our focus is on developing value chains that create jobs, increase incomes, and empower smallholder farmers. Through these investments, we will significantly contribute to Zambia’s goals of reducing poverty and achieving food security for all,” Phiri added.

Suze Percy Filippini, FAO’s Country Representative in Zambia, also underscored the organisation’s commitment to supporting the country’s agricultural transformation.

“FAO remains committed to working closely with the Government of Zambia to unlock the full potential of these value chains.

“By fostering partnerships and providing technical expertise, FAO will continue to support Zambia’s efforts in reducing hunger and poverty while promoting inclusive economic growth,” Filippini said.

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