ZCF in K4m Govt grant
Published On January 13, 2014 » 2405 Views» By Diran Chama » Business, Stories
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THE Zambia Cooperative Federation (ZCF) has received a capacity building grant of K4 million from the Government for logistical support towards the recapitalisation fund the ZCF embarked on in 2011.
The federation has since purchased more than 10 vehicles and distributed them to cooperatives in all the provinces to kick-start sensitisation programmes on the cooperative recapitalisation fund.
Giving an overview on the achievement of the federation in 2014, Director General James Chirwa said one of the major achievements in 2013 was that the federation managed to build confidence which was eroded in the past.
Mr Chirwa said this had resulted in receiving a capacity grant worth K4 million and that the cooperative had never received such an amount in the past.
“The cooperative movement in the country was  in an intensive care unit for a long time and it lost public confidence from both the Government and the public but now the it  has gained confidence,” he said.
Mr Chirwa noted that the five-year strategic plan launched in 2011 showed how serious and focused the cooperatives were in Zambia.
“We have demonstrated that the cooperative movement was capable of running the economy if well funded and supported,” he added.
In 2011, the federation embarked on a programme to create a self-financing fund designed to finance different value addition projects for the cooperative movement.
The creation of this fund is such that members are required to contribute K50 per individual per year for three years.
Mr Chirwa said the resources raised would be used to finance cooperative enterprises at primary, district, provincial and apex levels throughout Zambia.
The fund will mainly be used to fund the creation of value addition industries in rural areas where most of the production cooperatives would exist.

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