Zimbabwe: Regional, International Companies Court Zim
Regional and international companies are willing to work with Zimbabwe to boost agricultural production in crop and livestock sectors, a senior Government official has said.
Addressing a workshop at the University of Zimbabwe organised by the Organisation for Social Science Research in Eastern and Southern Africa (OSSREA), Minister of Agriculture, Mechanisation and Irrigation Development, Dr Joseph Made, said many international organisations had shown an interest to assist Zimbabwe despite challenges such as the illegal sanctions and climate related problems.
In the past few years everything — the free fertiliser and seed, even the rain — has disappeared. Already millions of Zimbabweans in the rural areas, where up to 70% of the country’s population live, will require food assistance this season according to assessments by the government and the Famine Early Warning System Network.
Zimbabwe’s inflation data for the month of May shows that the year-on-year inflation as measured by all items CPI was -2.70%, after shedding 0.05 percentage points on the April inflation rate of -2.65%.
A top ally of Zimbabwe’s sacked vice president Joice Mujuru was Tuesday found dead in his car at his farm outside Harare in what first reports said appeared to be a case of suicide.
The Agricultural Development Bank of Zimbabwe (Agribank) said Government injected $30 million in fresh capital into the bank which is expected to positively impact on its future performance.
The State-owned bank, whose core mandate is to fund the agriculture sector, has been battling to boost performance in the last few years owing to, among other things, low capitalisation.