19 July 2014. Lusaka, Zambia. The government of Zambia and the Agribusiness Incubation Trust (AgBIT) Limited Zambia consortium have launched a centre to develop the agriculture sector and support small and medium entrepreneurs (SMEs) in Chongwe.
The Agribusiness Incubation Trust centre will provide strong business mentorship to SMEs, linking smallholders to market, strengthen the supply chain and deliver quality business development services to enterprises. The centre is a unique public-private partnership established with support of Danish Foreign Ministry and the Danish International Development Agency through the Universities Business and Research in Agricultural Innovation facility. AgriBIT Limited is Zambia’s pioneer agribusiness incubator, focused on accelerating innovation and the growth of scalable enterprises in the sector.
At the same occasion, Forum for Agricultural Research in Africa (FARA) executive director Yemi Akinbamijo called on the consortium to offer up-to-date skills techniques and monitor support to its incubatees. Dr Akinbamijo said FARA will continue supporting and partnering with Government as AgBIT undertakes its work of building competitive agribusiness SMEs globally, particularly in Zambia.