Agriculture has been regarded as a major sector to be used in Zambia’s diversification program which banks like Stanchart are now looking at supporting its growth through huge investments.
Stanchart Zambia Managing Director Mizinga Melu says her bank is this year planning to spend US$ 75million in support of the country’s agriculture sector. Mrs. Melu says this is because her bank considers agriculture as an important economic contributor hence needs to be supported. She says her bank has in this vain extended its support to the school of Agriculture and Natural Resources at Kabwe’s Mulungushi University as a sign of support to its growth.
“As Stanchart we are also supporting students’ development through provision of internship to two students and skills to others regarding agriculture business development,” Mrs. Melu says. And Mulungushi University Vice Chancellor Professor Vernon Chinene says the partnership will help in strengthening the relationship between the two institutions. Professor Chinene has expressed gratitude with the MoU saying it will help students understand how to access finance for agriculture proposals.
By Brian Mwale.
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