Seed companies arrears still outstanding

Seed companies arrears still outstanding

Government owes K56,355,627.64 to seed companies that supplied farming inputs under FISP for 2016/17 and 2017/18 farming season.

Michael Katambo, the agriculture minister said the debt is due to budgetary constraints suffered, as the ministry implemented the programme, adding that government is constantly engaging on the issue.

“We are closely working with the ministry of finance in releasing of funds to liquidity the debt owed to seed companies, and have started making payments to seed companies,” said Katambo Katambo said seed companies have been assured that government is making efforts to reduce arrears from the total ZMW174 million at the beginning of this year to about ZMW 56 million.

“This indicates that ZMW 120 million has so far been paid. We remain committed to meet the outstanding obligation.”

Katambo said the permanent solution will be to engage the ministry of finance torelease the funds on time.

During the 2019 budget presentation, the Finance minister Migrate Mwanakatwe said: “A number of challenges were observed with the e-voucher system during the 2017/2018 farming season. Key among these were limitations of telecommunication connectivity, financial services provision challenges and limited information technology.”

Meanwhile the agriculture sector has been allocated ZMW 5.4 billion for the next fiscal year.

Maize Grain


Previous Zambia has enough maize grain  – MAZ
Next Breadbasket Of Southern Africa

About author

You might also like

News 0 Comments

Zambia gets $30 Million for Skills, Jobs and Entrepreneurship for Women and Youth in the Agriculture Sector

The African Development Bank’s board of Executive Directors approved on Wednesday, October 14 a loan of US $30 million to the Government of Zambia for the Skills Development and Entrepreneurship

Sectors 0 Comments

National Union for Small Scale Farmers of Zambia – NUSZ calls for increased membership to improve market access and better financing opportunities

National Union for small scale farmers of Zambia says small scale farmers should unite if there to be any meaningful growth in the agriculture sector. Union General Secretary Emack Kaoma

K30 million for animal diseases control campaign

Veterinary services department has announced intentions to intensify implementation of animal disease control measures, rehabilitation and construction of new dip tanks. Dr. Yona Sinkala, Director of veterinary services said the