The government of Zimbabwe has officially launched the US$30 million Horticulture Export Revolving Fund. This is aimed at enabling local farmers to boost production and tackling challenges related to unavailability and lack of access to appropriately structured financing for short to long-term expenditures.
The fund will also close the funding gap in the value addition and beneficiation of fresh produce, which has resulted in horticultural value-chain margins being unsustainably squeezed.
Increasing agricultural production through value addition and beneficiation is in line with the National Development Strategy 1(2021-2025), whose main objective is to structurally transform Zimbabwe's economy from one highly dependent on the export of agricultural raw materials to an economy trading in high value processed goods.
Source: chronicle.co.zw