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Precious Manomano, Herald Reporter
The Agricultural Marketing Authority (AMA) has taken a major step to strengthen Zimbabwe’s sesame value chain by facilitating bridging finance for contractors, a move that is expected to unlock liquidity and ensure the smooth buy-back of the crop from farmers in the 2025 marketing season.
Through a series of engagements with local financial institutions, including AFC Land Bank, CBZ, and NMB Bank, AMA has successfully mobilised support for the financing of this high-potential export crop.
AMA acting CEO Mr Jonathan Mukuruba said the intervention was expected to enhance contractors’ ability to promptly buy sesame from farmers, promoting fair pricing, minimising side marketing, and building long-term trust within the sector.
“We are committed to ensuring that agriculture remains viable and profitable for all players in the value chain. This financing initiative enables contractors to access working capital on time, which translates to prompt payments to farmers and greater stability in the market,” he said.
Online Reporter