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HomeAgribusinessFarmers grabbed K725m SAFF loans & refused to pay back

Farmers grabbed K725m SAFF loans & refused to pay back

Government put all its eggs in the farmers’ basket thinking the farmers would hatch them and return chicks, but the farmers fried the eggs and are now saying the basket was empty from the start. According to official Government data, the Sustainable Agriculture Financing Facility (SAFF) is facing a near-total collapse in loan recovery, with only 9% of the money disbursed to farmers recovered by the end of 2025. A review of the data by the Zambian Business Times (ZBT) indicates that during the 2024/2025 farming season, K793,459,553 was disbursed to 8,886 beneficiaries across all ten provinces Clause 5(xiii) of...

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