Zambian agriculture 'needs better access to finance'

Nov 07, 2011

Access to credit is essential if Zambia's agricultural sector is to develop, Fisenge Dairy Cooperative Union Chairperson Evelyn Malambo has claimed.

Access to credit is essential if Zambia's agricultural sector is to develop, Fisenge Dairy Cooperative Union Chairperson Evelyn Malambo has claimed.

She recently discussed ways in which the government can aid the growth of the industry, the Times of Zambia reports.

One of her suggestions was to improve access to finance to enable smallholders to expand into larger businesses.

Ms Malambo also believes those working in agriculture should be given help to ensure they can operate in both domestic and foreign markets, while the government was advised to introduce diagnostic techniques to investigate diseases and produce veterinary vaccines.

This would involve "developing support infrastructure and providing the necessary market information", the expert stated.

The news provider noted that agriculture currently generates between 18 and 20 percent of Zambia's gross domestic product, with over half of the population working in this sector.

It is not only agricultural businesses that need better access to finance, as Commerce, Trade and Industry Minister Bob Sichinga recently claimed micro, small and medium enterprises need support to help them grow.ADNFCR-2976-ID-800788170-ADNFCR