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Zambia : CEEC approves K22M loan to scale up cashew nut industry

June 21, 2014

The Citizens Economic Empowerment Commission (CEEC) has sanctioned a K22 million ($3.6 million USD) credit facility to scale up the cashew nut industry of the Western Province that will generate an unprecedented export market.

After a board meeting held earlier in June, the Commission has said it will ease the offering of a K22 million loan designed to help cashew nut growers build capacity and boost the industry towards an industrial scale allowing to process large quantities of cashew nuts to be fed into local and export markets.

A senior official of CEEC, said the funding would help in the growth of about 2.7 million new trees, which would see the industry expand and promote the export market.

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Source: TendersInfo (India)

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