Business

Luapula needs rise in private sector agro-investment

PART of the beach on Lake Mweru in Luapula Province. PICTURE: NKOMBO KACHEMBA

TRYNESS TEMBO, Lusaka
MUSIKA has called for a significant increase in private sector investment in agriculture in Luapula Province in order to spur economic growth and ensure sustainable

development.
Musika managing director Reuben Banda said strengthening the agriculture sector of Luapula is a crucial part of the province’s sustainable development.
Speaking at the ongoing Luapula Expo on Wednesday, Mr Banda said Musika is ready to support efforts of the private sector to invest in the smallholder market and help contribute to the growth of the economy.
“Luapula Province presents itself as a region with great agricultural potential, boasting of huge arable land and abundant water sources.
“This presents an opportunity for the agri-businesses to extend their products and services to support the development of crop, livestock and fisheries, among others, that will improve the livelihoods and incomes of smallholder communities that entirely depend on agriculture,” he said.
Mr Banda said currently, in the province, Musika has supported private sector efforts to develop an extension-led distribution network for agricultural inputs.
He also said the organisation has stimulated and supported private sector investment in the commercialisation of cassava, chilies and mango production by linking farmers to more improved and structured markets.
The expo, which will run from July 26 to 31, targets to market the province with reference to seven thematic investment areas: agriculture, tourism, mining, aqua-culture, energy, livestock and forestry.

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