Zambia, World Bank ink $50 million loan deal
Government has signed a 50 million United States Dollars loan agreement with the World Bank for the livestock development and animal health project.
Finance Minister Alexander Chikwanda signed on behalf of the Zambian government while World Bank country Director Kadiresan Kundhavi signed on behalf of the global Bank.
Speaking at a signing ceremony in Lusaka today, Mr. Chikwanda acknowledged the livestock sub sector as an important component of agriculture which must assign urgent priority.
The Minister attributed the low productivity in the livestock sector to under-investment stating that investment is needed to boost animal husbandry and vigorous disease control.
Mr. Chikwanda said the loan will go a long way in containing livestock diseases and ultimately improve the livestock sector in the country.
And World Bank Country Director Kadiresan Kundhavi said the loan signals a turning point in the Bank's support to the Agriculture sector in Zambia.
Ms. Kundhavi explained that the project supports government's aspirations to diversify both the economy and agriculture by improving productivity of key livestock production systems for smallholder producers in Eastern, Southern and Western provinces of Zambia.
The project will also cover disease free zones comprising Central, Lusaka and parts of the Copperbelt provinces.
Over 70 percent of the country's population is dependent of agriculture and livestock and this project has targeted 390 thousand female and male smallholder producers in selected areas to improve Cattle, Goats, Pigs, and Sheep as well as poultry production systems.