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Land bank milestone for agric sector
Agriculture Reporter
The Agricultural Finance Corporation has been revived and will now trade as the Land Agricultural Development Bank of Zimbabwe (LADBZ) to support the overall transformation process for accelerated development of the country.
The LADBZ will have four subsidiaries under it, including Agribank which will continue operating as it has been doing.
Announcing the board of directors for the LADBZ yesterday, Lands, Agriculture, Fisheries, Water and Rural Resettlement Minister, Dr Anxious Masuka said the bank was critical in the agricultural landscape.
“The LADBZ is a key institution which will immediately ensure there is a vibrant land bank,” he said. “Agribank will continue to do what it has been doing, but diversify into other activities, all inclusive. The LADBZ will also ensure there is a leasing company which will provide services to farmers.