Zimbabwe: Envisaged Maize Import Break to Save RBZ U.S.$14 Million Per Month

The Reserve Bank of Zimbabwe (RBZ) stands to save around US$14 million monthly from an envisaged maize importation break in the 2020/21 post-harvest period amid a bumper harvest expected this year.

A poorly planned land reform process by government coupled with recurrent drought periods in past two decades saw the country's mainstay agriculture's fortunes plunge, forcing authorities to resort to imports to meet the national cereal demand.

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