Zimbabwe frees grain trade and opens doors to the private sector
Wheat
Zimbabwe
Published May 18, 2023
Original content
The private sector will finance three-quarters of Zimbabwe's wheat crop this year, playing an increasing role in agriculture as the government opens up the sector to increase food security, a body of commodity contractors said. Graeme Murdoch, chairman of the Food Crop Contractors Association (FCCA), made up of commodity traders, buyers and millers who have financed crop production since 2020, told Reuters that private traders would increase their activities. "The reality is that as the environment becomes more liberalized and the government makes every effort to essentially attract the private sector, which they have been doing more and more, both in terms of funding and regulation, we see more and more more involvement of the private sector in primary agriculture," he said in an interview. About 76% of the planned 2023 wheat acreage would be funded by the private sector, including the country's biggest bank, CBZ Holdings (CBZ.ZI) and state-owned AFC Commercial Bank, Murdoch ...
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