In a landmark deal Zanaco successfully raised USD 250 million through a syndicated facility for United Capital Fertilizer Zambia Ltd (UCF). This is the largest locally arranged syndication in the country’s history.
As the majority lender, Zanaco worked alongside six other financial institutions to deliver a strategic boost to Zambia’s fertilizer production capacity. This move marked a pivotal shift, transforming Zambia from a net importer into a regional exporter of fertiliser, and positioning the country as a key player in regional agricultural trade.
The impact of this facility is far reaching. The facility is expected to benefit over 1 million small-scale farmers, granting them access to more affordable, locally produced fertilizer. The results are already visible. Between 2021 and 2024, the establishment of UCF’s factory has contributed to a 23% reduction in fertilizer prices, easing the burden on farmers and increasing productivity. UCF has quickly emerged as a preferred supplier across Zambia and neighbouring countries, including Tanzania, Zimbabwe, Botswana, the DRC, and Malawi.
In 2024–2025, Zanaco’s USD 150 million agriculture facility helped drive a bumper harvest, reaffirming its commitment to food security and rural development.
