InfraCo Africa has signed an agreement with Savenda Capital committing US$2 million towards the construction of the Zambia Fresh Lusaka Market. The purpose-built 6400 square meter market floor will play host to fresh fruit and vegetables grown by farmers around Lusaka and across the country.
Buyers from small businesses and supermarkets are anticipated to source produce from the market which is expected to boost the efficiency of Zambia’s horticultural value chain. Savenda Capital Managing Director Sean Moolenschot says the fresh produce value chain presents a rare chance to create a sustainable intersection for scalable institutional support for African small-scale farmers.
In a statement to ZNBC News, Moolenschot said the commission-agent market will operate on the basis of clearly defined market rules and use a trading software system that promotes transparency and efficiency for all users.