About 30,000 small-scale farming households in Zambia, many headed by women, will benefit from a US$20 million loan to the country from the International Fund for Agricultural Development (IFAD).

The loan agreement for the Smallholder Agribusiness Promotion Programme was signed this week in Rome by Lucy Mungoma, Ambassador to Italy for the Republic of Zambia, and Kanayo F. Nwanze, President of IFAD.

The programme will focus on reducing rural poverty by stimulating rural economic development through the transformation of small-scale producers into profitable farmers.

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