USAID’s Southern Africa Trade Hub has been working to launch a Warehouse Receipts System (WRS) in Zambia. The Warehouse Receipts System will enable farmers to access finance by depositing their crop in a certified warehouse and receiving a receipt.
This receipt can be used as collateral for the purchase of other necessary items, including farm inputs, and the farmer can then wait for a favorable market price before selling the stored product. The Trade Hub successfully launched a Warehouse Receipts System in Mozambique in May 2015. To launch Zambia’s WRS, IT systems are being upgraded that will be ready in April 2016. Thanks to the existing IT system currently being used by the Trade Hub in Mozambique for the WRS pilot, the Trade Hub is able to offer ZAMACE a working solution, making the launch of WRS in Zambia possible for August 2015.
Photo: The Trade Hub in a strategy session at IT service provider headquarters in Johannesburg to ensure preparations are in place for WRS in Zambia to be operational by August 2015