ZICB Powering FISP Success.

Lusaka, Zambia – 9 th September 2020: Zambia Industrial Commercial Bank Limited (ZICB) has
partnered with Smart Zambia to facilitate the collection of deposits from small-scale farmers as their
contributions for the Farmer Input Support Programme (FISP).
For the period from late July up to Monday, the 6th of September 2020, the Bank had supported over
310,000 farmers and collected over K126 million. Working with its partners, namely Zoona, Zamtel,
MTN, Paygo and Probase, ZICB leveraged digital financial platforms to reach farmers in 78 districts
across all the 10 provinces of Zambia.
The amount that ZICB collected in the report period represented over 40% of the total national
amount from among the six banks that were participating in the exercise.
Speaking during the occasion to flag-off the distribution of farming inputs for the 2020/2021 farming
season by President Edgar Lungu at Chipembi College of Agriculture, ZICB CEO Ignatius Mwanza
said that the number of farmers that the Bank had supported and the value of its collections were more
than was achieved in the previous season due to the implementation of digital invocations the Bank
had done with Smart Zambia. He further stated that ZICB’s digital solutions were ready for use in the
pay-out exercise to agro-dealers as well as other Smart Zambia initiatives such as Social Cash
Transfer, FRA farmer payments, ZRA payments, and NAPSA pay-outs.
Mr. Mwanza, who commended Government for the timely commencement of the distribution of
farming inputs for the 2020/2021 farming season, reiterated the commitment of ZICB to continue
supporting the efforts of government that are aimed at poverty alleviation and the attainment of food
security for the country.
On Wednesday, the 9 th of September 2020, the Republican President, His Excellency Mr. Edgar
Chagwa Lungu, flagged off the FISP 2020/2021 farming inputs distribution exercise in Chisamba,
Central Province.