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First National Bank (FNB) Zambia has arranged and closed a K1 billion working capital facility for the Food Reserve Agency (FRA) to support prompt payments to farmers during the 2024–2025 maize marketing season.
The facility is part of a wider K5 billion financing programme for the FRA, aimed at ensuring timely payments to farmers nationwide, with repayment secured through maize sales.
The facility has been arranged under a Collateral Management Agreement (CMA), with repayment secured through maize sales from the national food reserve.
Commenting on the milestone, FNB Zambia Chief Executive Officer, Kapumpe Chola, said the transaction represented the largest structured facility the bank has delivered to the public sector.
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“The K1 billion agreement demonstrates our ability to execute large-scale, complex transactions in support of national development.
This milestone aligns with our Shared Prosperity drive and underscores our commitment to the communities we serve,” Chola said.
The facility builds on the bank’s earlier participation in the 2025 Crop Purchase Programme, further reinforcing the bank’s role as a strategic financial partner to the Government of Zambia.
Beyond financing, the bank has also provided operational support to ensure seamless farmer payments.
Through its cash-in-transit services, the bank has facilitated payments in Solwezi, Kasama, Mbala and Kasempa.
Chola added that the facility goes beyond funding alone.
“This facility is not just about financing; it is about supporting the farmers who anchor Zambia’s food system. Ensuring timely payments is critical for household welfare, national food security and the long-term sustainability of the agricultural sector. We are proud to partner with FRA and the Government in advancing this essential priority,” she said.
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