Tuesday
June 1
2021

$100 Million Agriculture Marketing Authority Agro-Bill to Finance Farmers in Zimbabwe

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.

Photo courtesy of Michael Callaghan.

Source: The Herald (link opens in a new window)

Categories
Agriculture, Finance
Tags
agribusiness, agriculture, farming, finance, food security