Zimbabwe: Zim Fertiliser Crisis Looms

Zimbabwe is facing a serious fertiliser shortage, amid revelations that an additional US$60 million is required for importation of raw materials to manufacture adequate stocks outside the US$56 million the country recently secured through an arrangement with the African Import and Export Bank (Afreximbank), an industry representative has revealed.

Last week, the Reserve Bank of Zimbabwe announced that it had negotiated for a US$156 million loan facility with Afreximbank to import fertiliser among other key commodities before this summer cropping season gathers momentum. But the Afreximbank support facility is not adequate to meet local fertiliser demand.

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