Finance for African smallholder farmers without land still a challenge

Farmers borrow money to improve and maintain farm infrastructure, to upgrade equipment, to finance the production of the coming season’s crop, to buy in animals or to buy more land. Briefly put, they use borrowed money for recapitalisation, production and expansion. The banks will lend farmers between 60% and 80%…

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Ugandan tea producers struggling

Tea producers in Uganda are struggling against a liquidity crisis that is characterised by high operational costs as farmers cannot access affordable capitalisation loans. Mabale Growers Tea Factory Limited Managing Director Roger Siima said despite the booming tea business, financial institutions are not supporting the sector. “We face challenges that…

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FRA owes Zambian farmers K600m

The Food Reserve Agency (FRA) owes K600 million to farmers who supplied it with maize during this year’s marketing season, said FRA executive director, Chola Kafwabulula. Kafwabulula said the agency has already paid out K103 million and expects treasury to pay the balance soon. FRA exceeded its target of 500…

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Zambian agro sector gets massive World Bank support

The World Bank will give Zambia US$150 million to support the development of the agriculture sector, said Ministry of Finance Permanent Secretary, Mukuli Chikuba. Chikuba said the money forms part of budget support for the next three years to solve urgent problems in the sector. Zambian Finance Minister Felix Mutati…

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