Z$97 trillion for agric inputs

THE government says additional resources will be availed to fertilizer companies and other critical input suppliers in the agricultural sector in order to enhance operational viability and increase production.

With most parts of the country having started to receive rains gearing up preparations for 2007-2008 farming season the budgetary allocation amounting to Z$97 trillion for crop input support comes as major boost.

Government also plans recapitalization of ZESA, Hwange Colliery, and NRZC.

Increased production in the agricultural sector is expected to cascade into other economic sub-sectors through forward and backward linkages with the 4 percent economic growth rate being premised on growth from the sector.

Chamber of Mines seeks dialogue

ZIMBABWE’S Chamber of Mines has requested a meeting with the government to discuss a proposed law that seeks to force foreign mining companies to cede control of mines in the country, said Bloomberg News citing Doug Verden, the chamber’s CEO.

“Should we get the opportunity to meet with (mining minister) Amos Midzi, we will discuss the proposed law and may have to settle for concessions,” Verden told Bloomberg News.

The new law aims to force foreign mining companies to give the government a 25% holding and sell a further 25% of their shares to black people, said Bloomberg News.

Post published in: Economy

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