Zambia expects to access a $40 million line of credit from India soon for farm mechanisation, a diplomat of the southern African country said on Monday.
"We expect to access a $40 million line of credit from Indian government soon for farm mechanisation.
It is in an advanced stage, " said Acting High Commissioner H Sikapale Chinzewe.
"There is huge potential in Zambian agriculture sector.
About 58 per cent of land is arable and 14 per cent of it is being utilised, " he said at an event - 'Doing Business with Zambia' organised by MCC Chamber of Commerce and Industry.
Zambia has already accessed a $50 million line of credit from Indian government for setting 650 health posts (clinic) in its rural areas, he said.
In addition, the African country received a grant of $5 million for projects in health, education and social sectors, he said.
In order to boost tourism in Zambia, Zimbabwe, Namibia and Botswana, these four south African countries developed a system where tourists can move freely among these countries with a single visa.
"We have prepared a unique visa system which enables tourists to move around in the four countries with a single visa.
Tourists' footfalls rose by 25 per cent in the region of four countries after implementing the system, " said Namunda Lubinda Mwitumwa, Second Secretary (Immigration) in the Zambian High Commission.
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