We are pleased to partner with the Government of Zambia to launch the World Bank‑funded Zambia Agribusiness and Trade Project (ZATP II) Credit Line, a transformative programme aimed at expanding access to finance, strengthening value chains and boosting competitiveness in the agribusiness and trade sectors.
Backed by a US$170 million facility secured by the Government from the International Development Association, the Credit Line was launched yesterday and was officiated by the Minister of Commerce, Trade and Industry, Hon. Chipoka Mulenga, who was represented by the Permanent Secretary for Investment and Industrialisation, Mr. Crusivia Hichikumba.
Representing Zanaco, Acting Chief Executive Officer, Mr. Vincent Chuunga, reaffirmed Zanaco’s commitment as the appointed Fund Manager. Under this arrangement, Zanaco will access US$27 million for on‑lending and has committed an additional US$8.1 million of its own resources, bringing the total financing available through the bank to US$35.1 million.
These funds will be channelled through Participating Financial Institutions to support eligible borrowers — a direct investment in communities, productivity and Zambia’s economic growth, and a demonstration of our commitment to putting Zambia first.
