IFAD to provide $22.2m to Zambia to boost food security and nutrition
Zambia's over 61,000 smallholder farmers will benefit due to a financial agreement signed with International Fund for Agricultural Development (IFAD).
This deal will help to increase the incomes, and food and nutrition security of rural households in the country.
The project intends on promoting market-oriented agriculture with a special focus on women and young people.
The agreement for the Enhanced Smallholder Agribusiness Promotion Programme (E-SAPP) was signed in Rome, Italy, by IFAD president Gilbert F Houngbo, and the Zambian Ministry of Finance’s Budget and Economics Affairs permanent secretary Pamela Kabamba.
This deal follows the Smallholder Agribusiness Promotion Programme (SAPP), which has been making progress in smallholder commercialisation and agribusiness promotion.
The cost of the project is $29.7m, including a $21.2m loan and $1m grant from IFAD.
Co-financiers of the project include the Indaba Agricultural Policy Research Institute, the Platform for Agricultural Risk Management, and the Zambian Government.
E-SAPP will work with input suppliers and end-users to bolster incomes by identifying areas where there is a possibility of improving efficiency, productivity and quality.
This programme will enable farmers to link to the value chains system with their commodities.
The project will also focus on creating partnerships to help in the transformation from subsistence farming to commerical farming.
Building on SAPP’s achievements, the programme intends to bolster the volume and value of agribusiness outputs.
Since 1981, IFAD has financed 15 rural development programmes in the country.