Monday, June 24, 2024

CEEC to finance fish and Rice projects in Kaputa district this year

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The Citizen Economic Empowerment Commission (CEEC) says it will fund the fish and rice value chain
projects in Kaputa district this year.

CEEC Northern Province Credit and Risk Officer, Kacha Mutenda says his Commission intends to fund the projects as part of the special initiative to promote the fish and rice industry in the district.

Mr. Mutenda said the commission has chosen to support the fish and rice industry in the district due to the massive potential the district has in these areas.

ZANIS reports that the Commission will do this by offering flexible loans to traders, marketers and farmers with money ranging between K5, 000 and K1.2 million to enable them engage in value addition.

The type of projects which the commission will fund will also range from supply of inputs, farming, storage, transportation and processing.

Mr. Mutenda said this in Kaputa today when he held a sensitization meeting with farmers and the business community in the Kaputa District Council Chamber.

The Commission also distributed the application forms and took people through the process of applying for the funds.

He emphasized the need for people in the district to apply for the fund for value addition stating that this will not only help them to market their products but also help create jobs for the unemployed.

He added that CEEC will also help individuals and firms that will engage in value addition in finding markets for their products.

Meanwhile, Kaputa District Commissioner, Mulenga Fube has urged Kaputa residents to take advantage of the facility to access funding to expand their business ideas.

Mr. Mulenga stated that Kaputa district has potential to grow the fish and rice sectors but has lagged behind because it has no value addition.

And Kaputa District Business Association Chairperson, Mervans Mulenga has commended CEEC for considering funding projects in the district.

Mr. Mulenga said the financing of the projects will help create jobs for the people adding that it will also be a tool to fight poverty.

He has since urged the Commission to honour its promise and finance business idea from Kaputa residents.

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