On October 15, 2015, the Zambia National Farmers Union (ZNFU) honored USAID with an award at ZNFU’s 110th Annual Congress in Lusaka, Zambia. The award was made by ZNFU in recognition of USAID’s successful efforts to develop a Warehouse Receipts System (WRS) for Zambia. The award itself was presented to the Trade Hub by His Excellency Edgar Chagwa Lungu, the President of the Republic of Zambia.
Following years of work and preparation, the first warehouse receipt in Zambia was issued on September 16, 2015. The Warehouse Receipts System allows farmers to store grain in accredited warehouses and sell when prices are favorable, using their warehouse receipt as collateral for new seed and other expenses in the meantime. WRS is now seen as one of the most important tools for making agricultural finance and safe storage available to the small-scale farmers of Zambia.
Photo: His Excellency Edgar Chagwa Lungu, the President of the Republic of Zambia, hands over the award to the Trade Hub’s Director of Agriculture Gerrit Struyf, with the President of ZNFU and the World Farmers Organization Dr. Evelyn Nguleka.