ZDA to grow export development fund

THE Zambia Development Agency (ZDA) anticipates to grow the Zambia Export Development Fund (ZEDEF) this year, by over US$1 million.

The funds’ Strategic Plan for the period 2017-2021, has revealed that the current loan portfolio is at US$2.4 million and the agency is optimistic to grow the fund to US$3.8 million by December this year.

ZEDEF is a fund managed by ZDA and its objective is to contribute to the increase in non-traditional exports (NTEs) through provision of low-cost export finance across sectors.
In an interview, ZDA manager export development Albert Halwampa said key aspects of the plan that will help the ZEDEF operate efficiently include the change in the lending model from that of lending to producer associations to that of…

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