(3 Minutes Read)
From the most recent season alone, Seed Co is reportedly owed around USD 13.31 million. The government’s continued failure to settle its debts has left seed producers burdened with financial strain, forcing many to rely on expensive bank loans to maintain operations.
Zimbabwe’s seed industry is teetering on the edge of collapse as the government grapples with ballooning debt, having failed to pay seed suppliers nearly USD 270 million over the past three farming seasons.
The debt, stemming from flagship state-run input support programmes such as Pfumvudza and the Presidential Input Scheme, has left leading seed companies, including Seed Co, facing a deepening liquidity crisis.
Confirming the staggering figure, Lands, Agriculture, Water, Fisheries and Rural Development Minister Dr Anxious Masuka warned of potential fallout for future harvests.
Read Also:
From the most recent season alone, Seed Co is reportedly owed around USD13.31 million. The government’s continued failure to settle its debts has left seed producers burdened with financial strain, forcing many to rely on expensive bank loans to maintain operations. Industry leaders caution that prolonged delays could severely undermine the quality and availability of certified seed for upcoming farming seasons.
Arabic
Chinese (Simplified)
Danish
English
French
Hindi
Italian
Norwegian
Portuguese
Russian
Spanish
Swedish