{"id":54390,"date":"2023-12-22T21:01:23","date_gmt":"2023-12-22T21:01:23","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/?p=54390"},"modified":"2023-12-22T08:26:24","modified_gmt":"2023-12-22T08:26:24","slug":"banker-association-of-zambia-delegation-discusses-agricultural-credit-initiatives-at-state-house","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/banker-association-of-zambia-delegation-discusses-agricultural-credit-initiatives-at-state-house","title":{"rendered":"Banker Association of Zambia Delegation Discusses Agricultural Credit Initiatives at State House"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zambia. <\/strong><\/span>In a meeting held at State House yesterday, the Banker Association of Zambia had the distinct honor of being hosted by President Hakainde Hichilema. The delegation, led by the association\u2019s Chairperson, Ms. Mizinga Melu, engaged in discussions that spanned various topics, with a primary focus on leveraging the \u2018Agriculture Credit Window\u2019\u2014a government-initiated facility designed to propel the growth of Zambia\u2019s vital agriculture sector.<\/p>\n<p>Acknowledging the intrinsic value of agriculture as the current and future backbone of Zambia\u2019s economy, President Hichilema emphasized the need to overcome challenges posed by climate change. Despite these challenges, Zambia boasts abundant water bodies and resources, underscoring the sector\u2019s strategic importance.<\/p>\n<p>The discussions delved into the impact of regional demand for maize and the geopolitical tensions, particularly the conflict between Ukraine and Russia, on Zambia\u2019s food security. Recognizing these external factors, the delegation and the government jointly identified the imperative to support farmers in enhancing their yield from 5 to 10 tonnes per hectare.<\/p>\n<p>To tackle these challenges head-on, a proposal was put forth to structure and projectize the Agriculture Credit Window. This approach aims to empower banks to implement systems that identify and prioritize crucial areas such as precision irrigation, water harvesting, and mechanization, thereby ensuring the sustainability of agriculture for farmers.<\/p>\n<p>President Hichilema assured the Banker Association of Zambia that the government has taken concrete steps to formalize the legal trade of commodities with neighboring countries. Transactions will be conducted through established banking systems, providing a secure framework for financial interactions. With robust market mechanisms, including agreements with neighboring nations and the Food Reserve Agency, the President expressed confidence that banks would recover the credit extended to farmers seamlessly.<\/p>\n<p>The discussions underscored the collaborative efforts between the government and financial institutions to fortify Zambia\u2019s agriculture sector. As the nation grapples with global challenges, these strategic initiatives aim to not only secure food production but also bolster the economic resilience of the country.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zambia\">Zambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zambia. In a meeting held at State House yesterday, the Banker Association of Zambia had the distinct honor of being hosted by President Hakainde Hichilema. The delegation, led by the association\u2019s Chairperson, Ms. Mizinga Melu, engaged in discussions that spanned various topics, with a primary focus on leveraging the \u2018Agriculture Credit Window\u2019\u2014a government-initiated [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":54388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,248],"tags":[234,235,233],"class_list":["post-54390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Banker Association of Zambia Delegation Discusses Agricultural Credit Initiatives at State House - 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