Sakunda Holdings funded Command Agriculture

Posted by Tayana

Addressing mourners at the burial of his wife, Idaishe Olivia Chengu-Charamba in Mutorashanga on Tuesday, George Charamba disclosed that the Command Agriculture scheme was funded by Sakunda Holdings.

Said Charamba:

Let it be known that Command Agriculture is not being funded by public funds, nothing is coming from taxpayers. The money is coming from Sakunda Holdings through their company Trafigura fronted by Kuda Tagwireyi. These are committed Zimbabweans bound by the love of their country who came to fund the project.

Sakunda, which is currently involved in several major government energy projects, is believed to have invested $199 million into the scheme where farmers who received free agricultural inputs were expected to pay back with grain deliveries to the Grain Marketing Board.

More: NewsDay

Sakunda Holdings is a privately owned Zimbabwean company governed by the laws of Zimbabwe and its Memorandum of Association and Articles of Incorporation. It has three distinct operating divisions namely Sakunda Energy, Sakunda Trading and Sakunda Logistics. Read More

The Targeted Command Agriculture is a Zimbabwean agricultural scheme aimed at ensuring food self-sufficiency that was introduced at the start of the 2016 - 2017 farming season following the drought of the previous season. The scheme was introduced as Zimbabwe grapple with economic problems. It was announced in August 2016. The scheme targeted farmers near water bodies who could put a minimum of 200 hectares under maize per individual. These were found to be 2,000 in total and each farmer was required to produce at least produce 1,000 tonnes of maize. Each participating farmer was required to commit 5 tonnes per hectare towards repayment of advanced loans in the form of irrigation equipment, inputs and chemicals, mechanised equipment, electricity and water charges. Farmers would retain a surplus product produced in excess of the 1,000 tonnes. The programme will cost $500 million. Each farmer will be earmarked to receive US$250,000. Read More

The Grain Marketing Board (GMB) is a state owned commodity trading enterprise that deals in cereals and oil seeds, the provision of logistic services to the agricultural industry as well as processing of products. The board's main objective is to ensure national food security through production, procurement and management of serials. GMB is often crippled with a myriad of problem ranging from failure to pay workers and alleged corruption. The board's mandate was seriously undermined in 2014 when it encouraged farmers to sell their grain to private buyers since the board was cash strapped. Read More

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