IFC to invest 35 mln USD in Zambia's largest agri-business firm


  • World
  • Thursday, 21 Jul 2022

LUSAKA, July 20 (Xinhua) -- The International Finance Corporation (IFC), a financing arm of the World Bank, will invest 35 million U.S. dollars for boosting food production and processing capacities in Zambeef Products Plc, Zambia's largest agribusiness firm.

The investment will also enable the firm to source more key input such as wheat, dairy and animal feed ingredients from local suppliers, according to an emailed statement released dated July 19, 2022.

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