Fish industry gets $50 million support

PRISCILLA MWILA, Lusaka
GOVERNMENT has acquired a US$50 million loan from the African Development Bank to improve the fish industry in Zambia.
And Minister of Fisheries and Livestock Michael Katambo said 50 percent of the loan will target 12,000 women and youth fish farming entrepreneurs countrywide.
Mr Katambo said in an interview yesterday that the move follows President Edgar Lungu’s directive for the ministry to ensure that women and the youth in the fishing trade are empowered with resources to sustain themselves and their businesses.
Mr Katambo said the investment in the aquaculture industry is part of Government’s agenda to diversify the economy to avoid dependence on copper.http://epaper.daily-mail.co.zm/