IFC and Zambeef Products PLC, one of the region’s leading agribusiness companies, are joining forces to boost food security and strengthen Zambia’s agricultural sector to create jobs and help fight poverty. This latest support from IFC is part of our $100 million investment strategy to expand that even further,” said Faith Mukutu, Chief Executive Officer, Zambeef Products PLC. “Agribusiness is a key driver of economic growth and essential to ensure food security,” said Carlos Katsuya, IFC’s Senior Country Manager for Zambia. IFC’s investment in Zambeef includes support from the International Development Association’s Private Sector Window (IDA-PSW) Local Currency Facility. The project aligns with IFC’s strategic approach to agribusiness, which focuses on enhancing food security, boosting inclusive growth and shared prosperity, and making sustainability a business driver.

Source: The North Africa Journal July 19, 2022 11:35 UTC