(Ecofin Agency) - The government of Zimbabwe and Sakunda Holdings signed a $478 million agreement with CBZ Bank, Barclays and Ecobank to finance agricultural activities during the 2017-18 summer season, Reuters reported. Maize and soya production are mainly concerned.

To this end, the government plans to start distributing between July and September, seeds, fertilizers and chemical products to farmers ahead of sowing which begins in November. This initiative confirms the government’s commitment to improve food security in the country.

Food security which the country has been targeting since the beginning of the 2000s should be achieved in the 2016-17 season as the nation plans to produce 2.1 million tons of maize, its highest since 1996.

Espoir Olodo