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Zvamaida Murwira Senior Reporter
Government has recovered more than $50 million from command agriculture beneficiaries, a figure that represents 70 percent of the total money loaned in the past three years, Finance and Economic Development Minister Professor Mthuli Ncube has told Parliament.
The 30 percent beneficiaries who have defaulted repayment were now set to be blacklisted and no further assistance will be extended to them. Prof Ncube said this in the National Assembly last week during question and answer session. Harare East Member of Parliament, Mr Tendai Biti (MDC Alliance) had asked how much Government had recovered from command agriculture between 2016 and 2018.
“Basically, the amount recovered for the season 2016 to 2018 is, out of 44 617 farmers is $50.2 million. For the season 2017 to 2018 for maize again, we had 35 756 farmers and the amount recovered was $19.7 million. Then for the wheat planting season of 2017, we have 2 270 farmers and what was recovered is US$13.7 million. Then for the wheat planting season for 2018, we have 74 847 farmers. Then for soya beans for the season 2017/2018 from 2 041 farmers, it is US$1.5 million,” said Prof Ncube.
More to follow…
Online Reporter