President Mnangagwa while launching the Agriculture Recovery Plan said the government will turn the AgriBank into a Land Bank capacitated to offer technical and financial support to farmers in order to promote agriculture and end food insecurity in Zimbabwe.
This was unveiled while the President was launching the Agriculture and Food Systems Transformation Strategy when he said:
Having observed a financial gap in our agricultural sector, government has transformed the business architecture of Agribank, turning it into a land bank for all farmers .The bank will provide comprehensive financial and other technical services to farmers as well as supporting all projects aimed at promoting private and community based agriculture and food system value chains.
This intervention further seeks to strengthen the development of rural industry systems, broaden small holder farm mechanisation, improve yields, reduce post harvest losses, increase exports and enhance food nutrition among other elements.
He urged beneficiaries of the land reform to responsibly utilise the facility and said:
I thus exhort all beneficiaries of the land reform programme to ensure responsible utilisation of the land bank to enhance overall land productivity.
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