Zimbabwe: Agriculture sector in record growth, projected to grow by 34 percent this year

Source: Agric sector in record growth…projected to grow by 34 percent this year | Sunday Mail (Business) Golden Sibanda AGRICULTURE is projected to grow by 34 percent this year, Finance and Economic Development Minister Mthuli Ncube said, spurred by the good rains received this season, which saw above target output for maize and tobacco. Presenting the 2021 National Budget review to Parliament on Thursday, Minister Ncube said the agriculture sector would grow by 34 percent, three times better than the initial projection of 11 percent. As such, the sector will register the biggest and most significant growth to anchor stellar overall economic growth this year, which Minister Ncube revised upwards to 7,8 percent from the initial 7,4 percent. Agriculture contributes approximately 17 percent to Zimbabwe’s economy. As the main source of livelihood for the majority of the population, the performance of the sector is a key determinant of rural livelihood resilience and poverty levels. ...