The Zambia National Farmers’ Union (ZNFU) has applauded Government for the increase in the agricultural financing facility from K400 million to K1.2 billion for the 2024/25 farming season.
ZNFU says it has welcomed President Hakainde Hichilema’s pronouncement on the increase in the agricultural financing facility during the opening of the fourth session of the 13th National Assembly on Friday, 13th September 2024.
In a statement to RCV News today, ZNFU President, Jervis Zimba said the expansion will provide broader access to financing, allowing more farmers to benefit and ensuring the inclusion of diverse agricultural activities.
“This increase is a positive development aimed at expanding support for the agricultural sector by including additional crops, livestock, and aquaculture in the facility,” said Mr. Zimba.
Mr. Zimba also said increase is a positive development aimed at expanding support for the agricultural sector by including additional crops, livestock, and aquaculture in the facility.
He said he is confident that the bold pronouncements will contribute to the transformation and growth of the sector, improve food security, income generation, and rural development.
By Margaret Mwanza
