Around 60% of people in Zambia live in rural communities and around 78% of these live in poverty. Many regions, especially those in the north of the country, have no developed commercial agriculture and there is shortage of key skills. At 10%, Zambia’s agricultural share of GPD is relatively low and it has the highest risk of food insecurity of the countries where AgDevCo is investing.
In 2012, we announced our first investments in Zambia and, in the same year, we opened a country office. We remain focused on expanding, through investment, existing agribusinesses in order to extend their footprint into more marginalised areas of the country. We also invest in smallholder and emerging SME opportunities and establish product-specific focused routes to market.
Sources: World Bank, FAOSTAT, Global Food Security Index