Over 700 Applications Received for Cashew Matching Grant
The Matching Grant Facility of the Cashew Infrastructure Development Project (CIDP) has received 725 applications from citizens wishing to undertake undertake investment projects and feasibility studies associated with Cashew-nuts in Western Province.
Citizens Economic Empowerment Commission (CEEC) Public Relations Officer Michelo Mukata, revealed that receipients of the grants will help contribute to economic growth as well as help increase food and nutrition security in Zambia.
Mr. Mukata stated that the Commission was elated by the high number of applications that were received and assured the applicants that the Commission would select the most outstanding projects, purely based on merit.
“As CEEC, our priority lies high in Value Addition, therefore signifcant investment will also be made towards cashew processing and marketing projects that will contribute to the steady growth of the Cashew sub-sector in the target districts of Western Province”, he said.
Mr. Mukata continued by stating that all successful applicants will receive 50 per cent matching grants to undertake various businesses along the value chain. “We want to encourage private sector participation in agro-processing of cashew, and we are confident that through these investments, Western Province will emerge and transform itself economically in line with the country’s Vision 2030”.
The Government of the Republic of Zambia, is through the Ministry of Agriculture with support from the African Development Bank, implementing the Cashew Infrastructure Development Project (CIDP) in Western Province, which is aimed at reviving the cashew sub-sector, and is one of the Government of Zambia’s (GoZ) priority projects. The Project is being implemented in 10 districts of Western Province and will create 100 thousand direct jobs by supporting 60 thousand small holder farmers to develop and own cashew plantations.