Zambian insurance firm takes interest in growth triangle

Lusaka- Zambia (PANA) -- The state-owned Zambia State Insurance Corporation (ZSIC) has begun assessing ways of providing insurance cover to farmers in the country's Eastern Province who are now at the crossroads of both the Nacala Corridor and the Zambia-Malawi-Mozambique Growth Triangle development initiatives, according to media reports.
Chibamba Kanyama, the corporate development director at ZSIC was quoted by the Zambia 'Daily Mail' as saying that there was great potential for agricultural development in the Eastern Province.
He added that currently his company was discussing with a local company involved in the out-grower scheme in the province, on how insurance cover can be provided to farmers.
Kanyama also described the Nacala Corridor development initiative and the Zambia-Malawi-Mozambique Growth Triangle as programmes that should be fully supported by governments of the region.
He noted that both the Growth Triangle and the Nacala Corridor, when in full bloom, would take development to Zambia's Eastern and Northern Provinces at the same time as such development would equally be seen in Malawi and Mozambique.
He noted that though the Nacala Corridor development programme was not an issue that was being talked about frequently in Zambia, there was no running away from the fact that it was a practical step of boosting investment in the Eastern Province.
"The Eastern Province is a virgin province awaiting investment by both local and external investors who can create jobs for the locals," the 'Daily Mail' quoted Kanyama as saying.
The three southern African countries of Malawi, Mozambique and Zambia are presently trying to establish a growth triangle with the help of the United Nations Development Programme.
When fully established, the triangle will encompass two provinces from Zambia, two from Malawi and one from Mozambique in a triangle whose base is in northern Zambia while its tip is located in Beira in Mozambique.
The Nacala Corridor, on the other hand, runs from the Mozambican port city of the same name and pushes inland to Lilongwe and Mchinji in Malawi, from where Zambia now wants to build a rail link that would terminate in Chipata -- the administrative centre of its Eastern Province.

23 april 2003 15:32:00

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