30/09/2026
INDO ZAMBIA BANK PUMPS K3.3 BILLION INTO AGRICULTURE
Indo Zambia Bank has grown its agriculture financing portfolio to about K3.3 billion, stepping up support for farmers and businesses under the Government’s Grow Zambia Agenda.
The bank has disbursed nearly K400 million to more than 3,600 farmers through its Sustainable Agriculture Financing Facility. It is also planning to inject another K300 million into the soybean sector before year-end, with US$15 million in additional financing expected for wheat production.
Board chairman Dr Michael Gondwe announced the figures during a courtesy call on Finance and National Planning Minister Situmbeko Musokotwane in Lusaka. He said the bank would continue supporting crops, livestock, agro-processing and other value-addition activities, while expanding financing across energy, mining, tourism, manufacturing and infrastructure.
Dr Gondwe said the bank’s energy portfolio includes US$140 million in projects expected to add more than 800 megawatts to Zambia’s electricity generation capacity. A further project worth more than US$40 million, with potential to add 100 megawatts, is under consideration.
Minister Musokotwane urged the bank to use its links with India to attract investors with the expertise to develop commercial farms and agro-processing businesses in Zambia. He said increased production of sugar, soybeans and other export crops could create jobs and provide additional cargo for the Lobito Corridor.
The Minister said Government would work to provide the land, electricity and roads needed to help investors move into production.