State owned farming company, Agricultural and Rural Development Authority (ARDA) has revived horticulture exports through a public private partnership (PPP) business model aimed at sourcing capital at concessionary rates.
ARDA has in the past few years failed to export its produce due to low yields and lack of capital, among other constraints.
However, ARDA’s conclusion of PPP deals with local corporates has led to a fresh capital injection.
“Restored productivity coupled with increased land utilisation has seen ARDA reviving horticulture exports. We shall continue to do our best on that aspect as we seek to restore viability while ensuring increased business activity and foreign currency generation,” ARDA Board Chairperson, Mr Basil Nyabadza said.
Zimbabwe’s agricultural sector is focusing on increased exports to generate more foreign exchange, create new jobs and positively contribute to yearly economic growth rates.