Browsing: AGR

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African Green Resources (AGR) in Zambia launched an $81 million financing programme on Sunday, whereby the company and its partner are slated to provide farm supplies and technology to farmers in exchange for grain

According to information from Reuters, the company chairperson Zuneid Yousuf said in a statement that, AGR plans to invest $150 million in the country, for projects including a 50-megawatt solar farm and irrigation dam, AGR will target 120 commercial farmers and 250,000 small and middle farmers with the new programme to boost food security in Zambia and the surrounding region.

However, the scheme—will cover 60,000 tonnes of fertiliser for wheat and soya farming worth $55 million and $26 million for projects such as the expansion of grain storage silos.

Hence, the scheme will be financed through regional and global banks, with the money repaid from the produce the programme yields

This scheme could be one of …