Government to restore Zimbabwe’s former glory
Read Time:1 Minute, 5 Second
By Tracy Mazhura
Harare-Government says it would be availing US$30million to fund the horticulture industry and grow the country`s export receipts.
The money which is being sourced from the IMF SDR grant will be a revolving fund to farmers.
Addressing post-cabinet information minister Monica Mutsvangwa said currently the horticulture industry was contributing more than $70 million and creating 18 000 jobs.
“Horticulture is one of the key sub-sectors of the agricultural sector in the country with a substantial potential of success across all agricultural ecological regions “, said Mutsvangwa
Up to the year, 2002 Zimbabwe was among the world’s top 3 producers of horticulture products exporting more than US $130 million per annum, since then the numbers have been fluctuating.
The government said it has taken the initiative to establish the horticulture Revolving fund with an aim of growing the sector.
“The Export Revolving Fund will address the fundamental challenge of unavailability and lack of access to appropriately structured financing for short to long term expenditures “, said Mutsvangwa.
The Export Revenue Fund Facility will be accessed through the normal banking procedures with applicants or beneficiaries submitting their applications to participating banks with the requisite information.
‘’the government and the participating banks will monitor and evaluate the use of resources advanced to the borrowers”.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0
More Stories
Young Turks charmed by Second Republic
Following recent ruling part Primary elections , newly elected Zanu PF parliamentarian representative Tumelo Zamanga has revelled in his history and passion with the ruling party.
ZAPU calls for inclusive action against Zanu PF
ZAPU has called on civil society, students associations, and the majority of Zimbabweans for inclusive action against what it calls a killer government after the release of the Aljazeera expose
Aljazeera documentary will not change anything~ Mutsvangwa
Ambassador Chris Mutsvangwa in response to the series of gold smuggling documentaries said that they will not change anything and the country is using gold to resuscitate the economy.
Founding board member of Angel’s church speaks
Brian Sedze a founding board member of Uebert Angel’s Good News Church in Zimbabwe said the clergyman wanted to clean his money through gold.
Who is Henrietta Rushwaya- The adventures
We take a tour back to 1968 in Masvingo when Henrietta Rushwaya was born and pass through multiple scandals from ZIFA to the most recent gold smuggling fiasco
Mudiwa Hood distances self from Uebert Angel fiasco
Local musician cum businessman Mudiwa Hood has distanced himself from his pastor’s (Uebert Angel) gold smuggling and illicit dealings allegations after people on social media accused him of being a benefactor of the loot.
Average Rating