twitter RSS Feed linkedin acp contact

IFAD loans US$24.8mn to Zambia

US$24.8mn IFAD loan and US$7mn grant to boost smallholder agriculture in Zambia

IFAD will provide a US$24.8mn loan to the Republic of Zambia to accelerate growth in smallholder agricultureIFAD will provide a US$24.8mn loan to the Republic of Zambia to accelerate growth in smallholder agriculture

The International Fund for Agricultural Development (IFAD) will provide a US$24.8mn loan to the Republic of Zambia to accelerate growth in smallholder agriculture and reduce rural poverty in the country. The financing agreement for the Smallholder Productivity Promotion Programme was signed recently by Samuel Mapala, Ambassador and Permanent Representative of Zambia to United Nations Food and Agriculture Agencies in Rome, and Kanayo F. Nwanze, President of IFAD.

Agriculture is an important sector for Zambian economic development, contributing nearly 22 per cent of the country’s gross domestic product. About 60 per cent of the population depending on agriculture for their livelihoods. Promoting businesses in the agricultural sector and raising productivity are high priorities for the government.

The new programme will focus on increasing the production of cassava, mixed beans, groundnuts and rice. It will complement the on-going IFAD-financed Smallholder Agribusiness Promotion Programme by enhancing the on-farm productivity of smallholder farmers; enabling them to respond to emerging market opportunities.  In addition, the programme will sustainably improve income levels, food and nutrition security for poor agricultural households in the areas covered by the programme.

Cofinanced by the government of Finland through a US$7mn grant, the programme will be implemented in northern Zambia. It will start in eight districts of two provinces, Luapula and Northern, gradually expanding to cover up to 24 districts. More than 60,000 smallholder farming households, of which half are women farmers, will benefit directly from the programme.

With this new project, IFAD will have financed 12 programmes and projects in Zambia for a total investment of US$180.1mn benefitting 601,280 households.


LATEST NEWS IN Agriculture

FAO supports national plan to lower Covid-19 impact in Benin

FAO supports national plan to lower Covi…

Faced with the effects of the Covid-19 crisis, the Food and Agriculture Organisation of the United Nations (FAO) designed and implemented a project under the Technical Cooperation Program (TCP) with...

Food insecurity prompts FAO, UNICEF and World Food Programme to call for urgent action

Food insecurity prompts FAO, UNICEF and …

The latest Cadre Harmonisé food security analysis shows that more than 35 mn people (including 6.7 mn children) in the region are currently unable to meet their basic food and...

African Development Fund approves US$6.4mn grant to increase financial access for agricultural value chain entrepreneurs

African Development Fund approves US$6.4…

The Board of Directors of the African Development Fund, the African Development Bank Group’s (AfDB’s) concessional lending window, has approved a grant US$6.4mn to Gambia to implement the Incentive-Based Risk-Sharing...

Esri partners with Microsoft to support sustainable agriculture development in Africa

Esri partners with Microsoft to support …

To help support government and non-profit organisations on the continent address climate change, water supply and food security challenges, Esri, the global leader in location intelligence, has collaborated with Microsoft...

USAID and NASA renew partnership to address development and humanitarian challenges

USAID and NASA renew partnership to addr…

On 4 November, Administrator Samantha Power signed a Memorandum of Understanding (MoU) between the U.S. Agency for International Development (USAID) and the National Aeronautics and Space Administration (NASA) to renew...

Norway promises top-up contribution of urgently needed climate finance

Norway promises top-up contribution of u…

On 9 November 2022, Norway, as part of a commitment to triple its support to climate adaptation by 2026, has pledged an additional US$9.5mn contribution of urgently needed climate finance...

Prev Next

OTHER RELATED ARTICLES - Agriculture

Global fruit distributor goes digital to  streamline processes

Global fruit distributor goes digital to…

M-Files, intelligent information management company, has announced that Jupiter Group will be leveraging the M-Files Intelligent Information Management Solution to eliminate paper, streamline processes and improve collaboration across its global...

New invention brings out the potential of Ghanaian almond

New invention brings out the potential o…

A machine to crush and extract oil from nuts of tropical almond has been designed in Ghana, which might transform the crop into a leading non-traditional export commodity

Zimbabwe Ministry of Commerce and Industry holds workshops on establishment of agro-industrial park

Zimbabwe Ministry of Commerce and Indust…

The Economic Commission for Africa (ECA), Sub-Regional Office for Southern Africa in collaboration with the Common Market for Eastern and Southern Africa (COMESA) Secretariat and the Zimbabwe Ministry of Industry...

Organic farming sees record growth worldwide

Organic farming sees record growth world…

Australia has topped the list of countries with the largest organic agricultural area

NFU president Minette Batters appointed as ambassador of Farm Africa

NFU president Minette Batters appointed …

Farm Africa, a charity that promotes sustainable agricultural practices, strengthens markets and protects the environment in rural eastern Africa, has announced the appointment of NFU president Minette Batters as an...

Syngenta launches Cropwise Seed Selector

Syngenta launches Cropwise Seed Selector

Agriculture company Syngenta and NK Seeds have launched the Cropwise Seed Selector to help farmers select seeds through data-driven recommendations

Forum to boost Zimbabwe’s food security through biotechnology

Forum to boost Zimbabwe’s food security …

Zimbabwe has launched a forum to publicly discuss the use of biotechnology for boosting the country’s food security

Agricultural business can significantly reduce youth migration

Agricultural business can significantly …

Creating employment opportunities in Africa’s agricultural sector can significantly reduce youth migration from the continent, according to José Graziano da Silva, FAO director-general

Zimbabwe’s tobacco deliveries hit record high in 2018

Zimbabwe’s tobacco deliveries hit record…

The delivery of flue-cured tobacco in Zimbabwe has reached the highest ever 238mn kg in 2018, exceeding the earlier record of 237mn kg in 2000, according to the recent statistics...

ECOM Ghana sign contract to support GUBA Awards and GUBA Careers

ECOM Ghana sign contract to support GUBA…

GUBA Enterprise has announced a three-year partnership with Ghana’s leading licensed cocoa buying company, ECOM Ghana, to support GUBA’s annual awards and careers initiative

Coordinated policies across sectors necessary for transforming Africa’s agrifood systems

Coordinated policies across sectors nece…

To make them more sustainable, the transformation of agrifood systems across Africa needs a “cross-sectoral, holistic, coherent and coordinated policy environment,” QU Dongyu, director-general of the Food and Agriculture Organization...

South Africa hosts African Farmers Workshop and Expo 2014

South Africa hosts African Farmers Works…

The African Farmers Workshop and Expo (AFWE) will take place from 12-14 August 2014 at the Johannesburg Expo Centre

Prev Next