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By Alois Vinga
AGRICULTURE Minister, Anxious Masuka Thursday convinced investors from the United Arab Emirates to be part of Zimbabwe’s highly ambitious $8.2 billion agribusiness project stressing the country was now a favourable investment destination.
He made the pitch during the United Arab Emirates (UAE) – Zimbabwe Food and Agribusiness Virtual Forum, which is a follow up to President Emmerson Mnangagwa’s state visit to Dubai in 2019.
The forum was hosted by the Dubai Chamber of Commerce and Industry to exchange notes on the vast potential business investments existing in Zimbabwe’s agriculture sector.
Addressing potential investors at the forum, Masuka promised the UAE investors they had a lot to benefit economically by investing in the agriculture sector in Zimbabwe.
Ama Restructures, Seeks Sanity in Agric Markets
January 7, 2021
For long, farmers have been calling for overhauling of AMA to ensure better service delivery.
Some stakeholders where viewing AMA as a ‘revenue collector’ rather than a partner in development and promoting fair market practices. It had repeatedly failed to solve the chaotic marketing of various crops, particularly cotton where side marketing is rampant.
AMA, which is charged with enforcing cotton regulations has over the years demonstrated reluctance to enforce effective deterrent penalties resulting in total chaos in the marketing of the commodity. The primary cause of the failure of the cotton industry between 2012 and 2015 was side marketing largely due to regulatory failure.
Zimbabwe Agricultural Marketing Authority restructures thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.