US$35m AMA Bills floated
Blessing Bonga Business Reporter CBZ Bank Limited has floated Agricultural Marketing Authority Bills to raise US$35 million for soyabean production this season. Special features include prescribed asset status, liquid asset status and exemption from tax and applications must be for a minimum of US$50 000 in multiples of US$10 000. CBZ has been at the forefront of mobilising financial support for agriculture, particularly towards smallholder farmers, because of its philosophy that agriculture is the backbone of Zimbabwe’s economy.
“The role of Government in establishing a conducive environment for business in general and for the maize and soyabean production in particular cannot be overemphasised,” he said. Mr Chikanda added that for the 2011-2012 farming season, Government through the public sector initiatives, mobilised US$49 million for the Presidential Well-wishers Agricultural Inputs Scheme, vulnerable households and livestock drought mitigation.... Read the full, comprehensive news article and discuss at The HeraldSimilar Stories