Modern grain warehouses will strengthen Zambia’s maize futures market, said business consultant mr. Victor Nyasulu. He believes having adequate grain storage capacity will play a significant role in the efficient functioning of maize futures trading. “These facilities will give farmers the ability to hold the commodity for future profit and…
The Zambian government has embarked on the construction of 98 warehouses countrywide, at a cost of K300 million, to reduce post-harvest grain losses arising from lack of storage. This followed the signing of a Memorandum of Understanding between Advanced African Solutions (ADAS) and local contractor Savenda Management Services. “This will harness…
The Millers Association of Zambia (MAZ) dismissed claims by the Zambia National Farmers Union (ZNFU) that a maize storage crisis is looming. “That is a false alarm,” MAZ president Andrew Chintala, reportedly said. Last week ZNFU said storage space will be a major challenge, as Zambia accumulated huge stocks of…
Malawian farmers have the prospect of better storage facilities for their grain harvest and improved access to credit, thanks to €30 million worth of support from the European Investment Bank (EIB), The EIB and the National Bank of Malawi (NBM) have recently announced this opportunity for agricultural projects in Malawi. USAID…
