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EU LAUNCHES OVER €25M AGRIBUSINESS PROJECT IN ZAMBIA

THE European Union Enterprise Zambia Challenge Fund seeks to launch a €25.9 million project to award sizeable grants to eligible agribusiness operators in the country.

The entities should demonstrate that their envisaged investments are not only innovative, but that they will also contribute to the smallholder farmers’ commercialisation and better integration into sustainable value chains development.

By doing so, the project seeks to benefit around 150,000 smallholder farmers with particular attention to the creation of decent employment opportunities for women and youth.

“The European Union’s (EU) new agribusiness development project worth EUR 25.9 million has launched its first call for proposals. Through the ‘ENTERPRISE Zambia Challenge Fund (EZCF)’, the EU will award sizeable grants ranging from €150,000 to €1 million to eligible entities,”the EU statement reads in part.

The project is part of the European Union’s ‘Support to the Sustainable Commercialisation of Zambia’s Smallholder Farmers Programme‘.

The ESCF is also supported by Zambia’s Ministry of Agriculture, Ministry of Fisheries and Livestock and the National Authorising Office.

The project is implemented by Gorta – Self Help Africa and Imani Development Limited.

“Zambia has a potential to not only to get smallholder farmers out of subsistence level, but also to become player that promote and benefit from more sustainable, less carbon-intensive and climate change resilient agri-food systems.

With our EUR 25.9 million grant assistance, the European Union will support the private sector to leverage investments for stronger market integration and to improve cooperation for sustainable value chain development, COVID-19 economic recovery and resilience building,” said Ambassador of the European Union to Zambia Jacek Jankowski.

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Written by Felix Nkinke

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