Nov. 6, 2020
A new board has been appointed at the Agriculture Marketing Authority (AMA); it has begun reorienting the institution’s strategic focus in order to turn the key parastatal into a driver of innovation within the agriculture sector from being primarily a collector of levies from farmers. It has plans to facilitate the structuring of innovative financial instruments to enable smallholder farmers with no collateral to access finance and investment in a new strategy aimed at modernising subsistence agriculture.
Oct. 25, 2020
The Government is coming up with a strategic roadmap to significantly reduce fertiliser imports in the next five years through capacitating local companies. The Five-Year Fertiliser Import Substitution Roadmap, will be largely focused on ramping up production at Sable Chemicals, the country’s sole ammonium nitrate producer and Chemplex Phosphates. An investment of nearly US$40million would see Sable Chemicals increasing output to 240 000 tonnes of AN by 2024 and this would reduce imports from the current 220 000 to 10 000 tonnes, according to the five-year strategic roadmap.
Nov. 18, 2018
GOVERNMENT is planning to increase funding for the critical tobacco, gold and diamond sectors to encourage more generation of foreign currency for the country. Finance and Economic Development Minister Professor Mthuli Ncube told The Sunday Mail Business last week that the surge in output gives the country hope for immediate economic turnaround if the sectors are capacitated.