ZCF, ZAMCOM ink financial literacy deal

ZCF, ZAMCOM ink financial literacy deal

The Zambia Cooperative Federation (ZCF) and Zambia Institute for Mass Communications (ZAMCOM) have signed a memorandum of understanding (MoU) aimed at enhancing smallholder farmers’ understanding about financial literacy and agriculture.

Under the MoU, information on financial literacy matters cultural financing opportunities.

“This partnership entails bringing on board a number of stakeholders engaged in small-scale farmer development by providing specific information relating to financial literacy. ZCF does not have the capacity to advance such a programme, but with this partnership, we will change the way community radio stations operate,” he said.

Mr Chirwa urged community radio stations to start airing programmes that are relevant to the needs of their audience.

He said poverty levels in rural areas could greatly reduce if communities receive information on financial literacy to make informed decisions.

Earlier, ZAMCOM director Oliver Kanene said the institution and ZCF will help smallholder farmers to increase productivity, demand financial services and help Government and other players to achieve the ultimate goals of financial inclusion and poverty reduction.

Mr Kanene said the parties have chosen to use community radio because of its proven potential in rural development as a way to achieve the objectives of the partnership.

Advantages of using such a communication channel include the use of local languages and potential for using interpersonal communication through radio listener groups.

“In Zambia, the need for financial literacy is even greater considering the low levels of literacy and the large section of the population which still remains out of the formal financial set-up, especially in the rural areas,” he said.

Previous Bayer increases offer for Monsanto
Next Neria intensifies fertiliser distribution

About author

You might also like

Business 0 Comments

More foreign investments will make Zambia a regional agricultural hub

Zambian industry group, Northwestern Chamber of Commerce and Industry, are calling on more foreign investments in agriculture to help the country be the breadbasket for the Southern African region. Mukumbi

Company News 0 Comments

Olam Zambia spells out it’s expansion programme

Olam Zambia Managing Director Paul Babbington has said the Northern Province based coffee growing company has created 4,000 direct jobs since it began operations in 2012 and engages an additional

Equipment 0 Comments

CAMCO drive mechanised farming agenda

Agriculture merchandise company CAMCO is optimistic that its implements can help to boost agricultural production and support wealth creation. “The equipment we are supplying helps and continues to support job,