Agri-business

Zambia’s agro sector records growth

ESTHER MSETEKA, Lusaka
ZAMBIA’s agriculture sector has continued to register growth due to Governments’ effort to prioritise food security, Agco senior vice president and general manager for Europe, Africa and Middle East, Rob Smith has observed.
The company that specialises in manufacturing and distributing agricultural equipment has also over the last few years invested a total of US$100 million in Africa’s agriculture sector.
Dr Smith said a shift in policies by most African governments coupled with donor countries putting much emphasis on food safety, are some of the major reasons that have stimulated growth in the agriculture sector.
He said in response to a query that the company will continue to focus on the design, manufacturing and distribution of agricultural machinery in Zambia and Africa, to empower farmers with updated farming innovations.
Dr Smith said over the last five years, food security has become a priority for many African governments.
“Agco’s growth is focused on implementing its strategy as a win-win situation for the African farmers. The company has expertise …And our brand history combined represents 226 years of accumulated agricultural knowledge. We are now bringing knowledge closer to the African farmer.
“Customers can now take advantage of the latest technology developed by Agco, representing best practice in the science of farming. This translates to significant growth coming from sales of high technology equipment. Therefore, the demand for technology is growing rapidly,” he said.
Commenting on the US$100 million investment in Africa, Dr Smith who however, could not give the figures said the company’s investment in Zambia has been in the Future farm Project with a hecterage of about 150 hectare and the training centre.
“Zambia is an important market for us …since we started our current Africa strategy, Zambia [has shown that it] plays a central role,” he said.



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