ZNFU

  • Increase font size
  • Default font size
  • Decrease font size
Welcome to the ZNFU website

BOZ Caps Interest Rates

Tuesday, 15 January 2013 11:17 administrator
E-mail Print PDF
The Bank of Zambia (BoZ) has made a number of policy announcements in relation to exchange rates. The Central Bank has capped both commercial bank and non-banking financial institutions lending rates. The maximum annual lending rate for commercial banks currently stand at 18.25 percent.  Annual lending rates for Microfinance service providers and all other non-bank financial institutions shall not exceed 42 percent and 30 percent respectively. The Central Bank has stated that it will periodically revise these rates in response to changing economic fundamentals. This move is aimed at reducing the cost of finance on the market.  Capping the interest rates might, however, make financial institutions averse to lending, especially the riskier small-scale and medium scale business.
 

ZNFU – Phamaceutical Authority Meets Over New Fees

Tuesday, 15 January 2013 11:00 administrator
E-mail Print PDF
ZNFU members held a dialogue meeting with the Pharmaceutical Regulation Authority (PRA) to discuss among other issues the proposed registration of the existing veterinary medicines on the Zambian market. ZNFU’s reaction to the current proposals on the fees, product registration among other issues prompted dialogue meeting with the PRA. The proposed fees are under the Statutory Instrument (SI) 7 of 2008 which according to PRA are not new fees and are in line with the regional and international standards. ZNFU highlighted how the implementation of the proposed fees will affect the competitiveness of the livestock sector more especially that the costs will be pushed onto farmers.
Read more...
 

Re-based Currency:Things To Take Care Of

Monday, 07 January 2013 14:45 administrator
E-mail Print PDF
As 2012 comes at an end, it is expected that the new currency notes and coins will be in circulation come 1st January 2013. However, there are number of things that should be noted so that members of the farming community are not caught unawares. These include the following key issues:
 
1. CHANGE OVER DATE
The Bank of Zambia (BoZ) has set 1st January 2013 as the time when the new note will be in circulation. The new currency becomes legal tender and will be issued from this date and shall accordingly be acceptable as a medium of exchange in the Republic of Zambia.
Read more...
 

Mpika Farmers Grumble Over Urea Wait

Tuesday, 15 January 2013 11:15 administrator
E-mail Print PDF
Farmers in Mpika district have expressed displeasure at the lack of top dressing fertilizers under the FISP program as Nyiombo Company ran out of the commodity on 20th December 2012. The affected farmers have urged government to quickly move in and ensure that the inputs are sourced and distributed before crops go to waste. A snap check conducted by ZNFU in Mpika confirmed that Nyiombo sheds had no top dressing fertilizer (Urea) and the company was still waiting for the commodity. Meanwhile, some farmers in the district have complained of the lumpy Compound D fertilizer given under the scheme after realising that a 50kg bag was not enough for a Lima. 
 

ZNFU Meets Minister of Transport, Communication, Works and Supply

Monday, 17 December 2012 16:22 administrator
E-mail Print PDF
The ZNFU met Honourable Christopher Yaluma on 13th December 2012, as part of the ongoing consultations between Government and the Union. The Union Team which was led by Director, Dr. Nguleka commended Government for prioritising infrastructure development particularly roads in the 2013 national budget. ZNFU, however, impressed upon the Minister to prioritise rural roads leading to agricultural productive areas.  The Minister requested the ZNFU to submit the list of roads which the Union considered critical for consideration by his office.
 
More Articles...


Page 10 of 55

Subscribe to the Farmer Magazine

Banner

Weather Forecast

Banner