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Agriculture

Zimbabwe to dedicate $478M to 2017-18 summer season

Tuesday, 27 June 2017 21:13

(Ecofin Agency) - The government of Zimbabwe and Sakunda Holdings signed a $478 million agreement with CBZ Bank, Barclays and Ecobank to finance agricultural activities during the 2017-18 summer season, Reuters reported. Maize and soya production are mainly concerned.

To this end, the government plans to start distributing between July and September, seeds, fertilizers and chemical products to farmers ahead of sowing which begins in November. This initiative confirms the government’s commitment to improve food security in the country.

Food security which the country has been targeting since the beginning of the 2000s should be achieved in the 2016-17 season as the nation plans to produce 2.1 million tons of maize, its highest since 1996.

Espoir Olodo

 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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