(2 minutes read)
- Zambia’s Minister of Finance Situmbeko Musokotwane said government’s plans to transform the agriculture sector into an agro-export industry in next year’s budget will attract investments in farm blocks
- The government is proposing to promote large-scale estate production for both domestic and export markets
Zambia’s Minister of Finance Situmbeko Musokotwane said government’s plans to transform the agriculture sector into an agro-export industry in next year’s budget will attract investments in farm blocks. The government is proposing to promote large-scale estate production for both domestic and export markets.
The Government also plans to provide necessary infrastructure in farm blocks to make them operational.
Dr Musokotwane said. The budget also will provide incentives to promote agro-processing and exports, so that more investors will be willing to invest in the farm blocks.
The government will engage the World Bank to help service the farm blocks. The agriculture sector will now be motivated to produce finished agricultural products for export. The farm blocks are expected to attract foreign investors and act as effective vehicles to grow the economy.
