The Zambia Forestry and Forest Industries Corporation (ZAFFICO) has unveiled a new corporate identity and has adopted ZAFFICO Plc as its full corporate name, replacing Zambia Forestry and Forest Industries Corporation, while retaining the familiar ZAFFICO identity that has served it for decades.

The company has also signed a Memorandum of Understanding (MoU) with Microfinance Zambia Limited to expand access to timber products through flexible financing arrangements.

ZAFFICO Plc Managing Director, Mundia Mundia, says the rebranding and partnership were part of the company’s transformation strategy aimed at strengthening its competitiveness, promoting value addition and contributing to Zambia’s economic growth.

Speaking at the event in Lusaka today, Mr Mundia said the new identity was intended to enhance the company’s visibility and recognition as it expanded into value-added timber products and industrial processing.

“The new identity reflects our transformation journey and our ambition to strengthen our competitiveness in the forestry and timber industry,” he said.

He added that the financing arrangement with Microfinance Zambia Limited would enable public and private sector employees, homeowners, small-scale traders and businesses to acquire timber and other forestry products through manageable instalments.

Mr Mundia said the facility would cover timber, treated poles, seedlings, sawdust, wood chips and particle boards once production begins at the company’s planned particle board factory.

He also indicated that the partnership is aligned with the government’s Grow Zambia Agenda by promoting inclusive economic growth, job creation, home ownership and the development of local value chains.

And, Mr Mundia revealed that ZAFFICA Plc was investing in expanding its wood processing capacity, including a particle board factory costing about US$30 Million in Kalulushi, which is expected to be commissioned in 2028.

Meanwhile, Microfinance Zambia Limited Managing Director, James Chona, said the partnership would help address challenges related to access to affordable financing, particularly among small and medium-sized enterprises.

Mr Chona said the facility would enable customers to obtain financing for timber and other products without having to raise the full purchase amount upfront.

“The partnership will make it easier for customers to access financing and acquire the products they need without paying the full amount upfront,” Mr Chona said.

He noted that the partnership was designed to promote financial inclusion by helping even small-scale traders and suppliers’ access financing to grow their businesses.

Mr Chona further urged the media and other stakeholders to publicise the initiative to ensure that more eligible customers benefit from the facility.

LEAVE A REPLY Cancel reply

Hot this week

Mundubile Bail Hearing Moved To Wednesday After State Seeks More Time October 20, 2026 2 The constitutional bail application by opposition leader Mr Brian... Feature Politics

Publish The List: Katuta Demands Names And Evidence On Civil Servants Facing Dismissal October 20, 2026 0 Former Chiengi Member of Parliament Ms Given Katuta demanded... Headlines

Audit Finds K626 Million In Mining Penalties Left Uncollected October 20, 2026 1 The Ministry of Mines and Minerals Development failed to... Sports

RUGBY: Walkovers continues in the top league October 20, 2026 0 The Zambia Rugby Union has awarded Red Arrows a... Sports

Netball gives voice to deaf team October 20, 2026 0 When Kopala Deaf Netball Team took to the court...

Topics

Mundubile Bail Hearing Moved To Wednesday After State Seeks More Time 2 The constitutional bail application by opposition leader Mr Brian... Feature Politics

Publish The List: Katuta Demands Names And Evidence On Civil Servants Facing Dismissal 0 Former Chiengi Member of Parliament Ms Given Katuta demanded... Headlines

Audit Finds K626 Million In Mining Penalties Left Uncollected 1 The Ministry of Mines and Minerals Development failed to... Sports

RUGBY: Walkovers continues in the top league 0 The Zambia Rugby Union has awarded Red Arrows a... Sports

Netball gives voice to deaf team 0 When Kopala Deaf Netball Team took to the court... Headlines

“Our Lives Are In Danger”: Zambians In South Africa Plead For Help To Come Home 1 More than 250 Zambians living in South Africa are... General News

Solwezi residents calls for sidewalk on Mitec-Mine Boom road 0  Road users in Mushitala area of Solwezi district are... General News

ACC arrests former Mkushi DEBS over K2.49 million 0 The Anti-Corruption Commission (ACC) has arrested and charged Chama...

Related Articles

Publish The List: Katuta Demands Names And Evidence On Civil Servants Facing Dismissal

Solwezi residents calls for sidewalk on Mitec-Mine Boom road General News October 19, 2026

ACC arrests former Mkushi DEBS over K2.49 million

Nine months Chipata baby shot while sleeping

Luangwa parents urged to immunise under-fives

Popular Categories