Ministry of Agriculture Permanent Secretary Songowayo Zyambo has urged people living in the diaspora to invest in the production of wheat because the commodity is of strategic importance.
Mr. Zyambo says wheat is a key input in the production of bread and other confectionaries.
He has observed that the wheat industry has huge potential to contribute towards job creation, stabilization of the foreign exchange rates and enhance the country’s Gross Domestic Product if properly harnessed.
Mr. Zyambo adds that Wheat production has been fluctuating over the years, mainly because of the unfair competition, limited water resources and poor electricity supply.
He says government want to maintain 15 percent excise duty on imported wheat and ensure that wheat is classified under infant industries in the African Continental Free Trade Area.
And Mr. Zyambo says government is undertaking policy reforms targeted at unlocking growth for specific commodities.
He says his Ministry in collaboration with the private sector, and other Co-operating Partners is currently developing Joint Commodity Action Plans, focusing on the 12 commodities such as, Maize, Cassava, Wheat, Onions, Potatoes, Virginia and Burley Tobacco, Cotton, Soya beans, Cashew and Rice.
Mr. Zyambo was speaking when he addressed Zambians in the Diaspora during a diaspora-wide digital Town Hall meeting organised by ‘Zambians Together in partnership with the Zambia High Commission UK, Zambian Business Club CIC and the ZamOxbridge.
And NATSAVE Manager of Strategic Partnerships Gilead Musinga called on Zambians living abroad to open diaspora bank accounts.
He said Zambians in the diaspora through their accounts can earn interest or partner with the bank on projects that are aimed at growing the economy and improving lives of the rural population.
Speakers at the Town Hall meeting included, Zambia’s High Commissioner to the United Kingdom Lieutenant General Paul Mihova, Bruno Mweemba founder and CEO of Panuka Enterprise Limited which is a horticulture and livestock farm focused on high-value vegetabl
products, Bobby Singh, CEO of Humanity Zambia, and Maria Zaloumis, CEO and Founder of Tuzini Farms and Tuzini Group of Companies.
This is according to a statement issued to ZNBC by First Secretary Press and Public Relations at the Zambian High Commission in the United Kingdom Abigail Chaponda.