FRA UNVEILS ZAMBIA’S K7 BILLION DEBT CRISIS: FARMERS LEFT IN LIMBO
.. we owe banks, transporters and ZNS owes us K2.4billion..
The Food Reserve Agency (FRA) has exposed a staggering financial predicament that threatens Zambia’s agricultural backbone.
The government now owes commercial banks an eye-watering K7 billion for maize purchases made last year.
This colossal debt has incapacitated FRA’s ability to buy maize this season, leaving farmers stranded without a crucial buyer.
This failure is not merely a budget issue—it’s a severe indictment of leadership at the highest levels.
Farmers who toil relentlessly to feed the nation face the harsh reality of mounting uncertainty.
FRA’s restrained purchasing power disrupts the entire supply chain, undermining food security and trust.