Financial institutions have started putting in place mechanisms on the acceptance of the 99 year land lease agreements as collateral security.

The financial sector roundtable held in Harare over the weekend saw bankers focusing on modalities to accept the 99 year land leases as security.

The plan is being made in line with the need to transform agriculture into a viable business sector.

Speaking on the sidelines of the meeting, POSB General Manger for Banking Operations, Mrs Hope Marere, the plan will also enable the farming sector to expand.

Institute of Sustainability Africa CEO, Mr Rodney Ndamba said the financial sector is in fact endorsing the plan in its bankable systems.

The government has achieved huge improvements on the 99 year leases to enhance the security of the tenure of the lease and making it bankable and transferrable.