Partnership that seeks to equip livestock farmers signed

Zanaco Bank and ZAMBEEF Products have entered into a partnership that seeks to equip livestock farmers with the right knowledge and accelerate financial literacy and inclusion in the country.

Under the partnership, Zanaco will provide financing solutions and financial literacy programmes to the livestock farmers while ZAMBEEF will conduct training on how to improve livestock production methods, disease management and also provide ready market.

According to a statement issued by ZANACO acting Head of Communications Kalonde Nyati in Lusaka on Tuesday, the partnership has since resulted in the training of selected Southern Province based livestock farmers in districts such as Namwala and Choma.

Commenting on the development, Zanaco Head Agriculture Banking, Cheyo Mwenechanya, said the Bank strongly supports partnerships that aim at improving the welfare and incomes of farmers as it will enable the country achieve sustained economic growth.

“As Zanaco, we believe in partnerships that uplift communities and this partnership with ZAMBEEF will unlock the potential of livestock farmers as they will have knowledge on how to manage their financial resources better,” Mwenechanya said.

He has also noted that financial management is critical to the growth of the livestock farmers, as it helps farmers to make the best decision for their farm businesses and to expand their operations.

ZAMBEEF General Manager for Chisamba Huntley farm and Beef Procurement Division, Francis Mondomona, said the agribusiness company is optimistic that the development will result in increased productivity, which is a catalyst for job and wealth creation.

“With farmers being financially literate and being able to manage their livestock better and having access to financing opportunities from Zanaco, we are assured of increased productivity,” Mwondomona said.

He said government will benefit through more jobs and generally improved livelihood of the communities.

Mwondomona said the coming together of ZAMBEEF, Zanaco, Livestock farmers and government is therefore, a step in the right direction.

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