EIB Global partners with ZICB to mobilise €30 million for Zambia's agriculture sector
Zambia, Nov. 12 -- The European Investment Bank's international partnerships and development arm, EIB Global, and Zambia Industrial Commercial Bank Ltd (ZICB) have today signed an agreement to mobilise a combined €30 million (ZMW 767 million) to support private sector development in the country's agricultural sector. The announcement was made during the ongoing EU-Zambia Lobito Corridor Business Forum in the presence of Zambian President, Hakainde Hichilema and EU Commissioner for International Partnerships, Josef Sikela.The deal signed between the two banks will allow for on-lending to eligible SMEs active in the agriculture value chain. It will facilitate access to finance and markets for agri-food SMEs that in turn support a wide b...
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