Zimbabwe: CBZ Ploughs $50m Into Farming

28 August 2017

CBZ Holdings has set aside $50 million for the 2017/18 farming season to fund small and large-scale farmers in a bid to transform the agriculture sector. This comes as the banking sector has offered to fund this farming season to the tune of $1.1 billion. The CBZ loan will be accessed at 12 percent per annum, which is significantly lower than what is being offered by other financial institutions.

Of the fund, over $35 million is designed to help farmers acquire inputs such as seed and fertilisers and develop irrigation infrastructure, while $15 million is aimed at equipping smallholder farming techniques and overall productivity.

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