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President Hakainde Hichilema is confident of the positive impact the launch of €20 million drive towards agricultural investment in Zambia would have on the sector and economy as a whole.
This initiative is a collaboration between the European Investment Bank (EIB) and First Capital Bank Zambia Limited.
Speaking when he welcomed a delegation from the EIB led by the vice president, Thomas Östros at State House on Wednesday, Hichilema noted that Zambia continued to be EIB’s largest partner in Southern Africa.
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“As part of EIB’s Pan-African Green Agriculture Value Chain, this financing initiative further underscores the value of Zambia’s long-standing relationship with the European Union.
“Citizens are encouraged to take up agriculture as a business, for this initiative makes farming both affordable and attractive,” Hichilema posted on his social media handle.
He commended EIB for partnering with the private sector to bolster productivity and production in Zambia, as government pivots towards agriculture as a pillar of the economy.
To achieve this goal, Hichilema committed his administration to strengthening access to finance by farmers and agribusinesses across Zambia.
“We look forward to more partnerships between EIB and the private sector in other high impact areas such as water harvesting, agriculture mechanisation and more affordable financing which will create jobs and secure livelihoods for the people of Zambia,” he said.
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