State owned Agriculture and Rural Development Authority (ARDA) has attracted new investors that are expected to inject fresh capital and improve productivity.
Most ARDA estates are lying idle, owing to viability challenges arising from limited funding.
ARDA Chairperson, Mr Basil Nyabadza said the parastatal has secured new investors on strategic partnerships to restore profitability.
“I cannot shed further information but I can confirm we have secured new investors and we hope for the good of the proposed deals in the future,” he said.
The parastatal is focusing on restoring production to become Zimbabwe’s largest player in crop production, according to Mr Nyabadza.
The authority was established in 1981 to plan, coordinate, implement, promote and assist with agricultural development.