Zimbabwe: 'Agric Needs U.S.$2,5 Billion Funding'

ZIMBABWE'S fragile agricultural sector, which suffered massively under the country's controversial agrarian reforms, requires funding to the tune of at least US$2,5 billion per season to fully recover, The Financial Gazette can report.

This emerged as fresh information indicated that a liquidity-strapped domestic banking sector, under political pressure to fund agriculture, was becoming increasingly jittery after default rates for loans extended to the farming sector soared in recent years.

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