Categories: Stories

Mnangagwa says aggressive measures are needed to improve agricultural production

Zimbabwe’s vice-president Emmerson Mnangagwa says continued reliance on food imports is draining the country’s already strained resources and that aggressive measures are needed to improve agricultural production.

Agricultural production in the southern African nation, at one time among the highest in the region, has over the years plunged following successive droughts and a chaotic land redistribution programme at the start of the millennium.

Harare is this year planning to import 700 000 tonnes of maize from neighbouring South Africa and Zambia to avert a food crisis after a dismal 2014/15 farming season, with maize and small grains production decreasing by 49 percent and 71 percent respectively due to a prolonged dry spell.

“These unplanned expenditures on food imports are a major drain on the fiscus and they further worsen our balance of payments position already negatively affected by imports of fuel and manufactured products,” said Mnangagwa while addressing an agribusiness conference today.

“At a time when the economy is experiencing stagnation there is need to minimize imports, particularly of goods and services that can be produced locally.”

The World Food Programme (WFP) said yesterday around 1.5 million Zimbabweans will require food aid this year after the dramatic fall in maize production.

In 2014, Zimbabwe registered a trade deficit of $3.3 billion and expects a similar figure this year despite government raising levies on non-essential products to try curb reliance on imports.- The Source

(217 VIEWS)

This post was last modified on August 26, 2015 9:09 pm

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Reserve Bank of Zimbabwe expects more foreign currency sellers to join the interbank market

The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…

December 4, 2024

Zimbabwe 2025 citizens’ budget

Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…

November 28, 2024

To go or not to go- Mnangagwa in a quandary

Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…

November 25, 2024

ZiG loses steam, falls against US dollar for five consecutive days

The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…

November 22, 2024

Indian think tank says Starlink is a wolf in sheep’s clothing

An Indian think tank has described Starlink, a satellite internet service provider which recently entered…

November 18, 2024

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024