Zimbabwe to lend USD100mln for oilseed farmers| MENAFN.COM

Friday, 01 July 2022 05:36 GMT

Zimbabwe to lend USD100mln for oilseed farmers


(MENAFN) Zimbabwe is in talks to lend around USD100mln facility to support oilseeds farmers in the country and to boost production of soy especially.

While a Zimbabwean energy and logistics company, Sakunda Energy agreed to contribute by USD48.7mln of the funds, the rest will be provided by the government.

However, the country is looking forward to expand its Command Agriculture program that provides financing and subsidized materials to corn farmers into other sectors which include private-sector funds.

Sakunda declined to respond on any request to comment.

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