Zimbabwe: $100M AMA agro-bill to finance farmers

Published 2021년 5월 31일

Tridge summary

The Agriculture Marketing Authority (AMA) in Zimbabwe has received approval to raise $100 million through an agro-bill to support agricultural productivity. This financing will be available to horticulture and oilseed farmers at affordable rates, with the goal of increasing smallholder farmers' profitability. The initiative is part of AMA's broader strategy to facilitate and structure agricultural financing, aiming to boost the horticultural sector and contribute to economic growth. The government's rural horticulture scheme and the Agricultural Recovery Plan are also playing a role in increasing agricultural output, with expectations for higher harvests of soya beans, cotton, and groundnuts compared to previous years.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Agriculture Marketing Authority (AMA) has received all regulatory approvals to raise $100 million through agro-bills to support increased agricultural productivity. The agro-bill will provide affordable financing to farmers in horticulture and oilseeds (cottonseed, sunflower seed, soya beans, groundnuts, and Sesame) production. The bill's financial partners are AFC Commercial Bank. Farmers who have registered with the marketing authority and meet other prescribed requirements will be eligible to receive agricultural loans under the facility. AMA chief executive Mr Clever Isaya encouraged smallholder farmers across the country to take up the loan for maximum profitability from their horticultural farming. "Finance is required to intensify agricultural productivity. The commercial success of horticulture is underpinned by access to inputs, adherence to best practices and access to market information and knowledge. The latter is now easily available thanks to advances in ...

Source: All Africa