Govt calls for investment in agric sector

Zim Now Writer

Investors have been urged to put their money in agriculture in order to fight poverty and hunger while generating stable incomes necessary for the generation of strong households.

Permanent Secretary in the Ministry of Lands, Agriculture, Fisheries, Water and Rural Resettlement, Dr John Basera said the agricultural sector is critical in achieving most developmental targets outlined under the sustainable development goals.

Agriculture is also key, he said, in ensuring inclusive economic growth and development.

“Investment in agriculture is two to four times more impactful in ending hunger, eradicating poverty and creating the income stream base required to build resilient households. The ripple and multiplier effects derived from improved performance of the sector are unparalleled in transforming the other economic sectors,” Basera said.

“If we get our agriculture right, then we are on the right track to get everything else right.”

Most livelihoods are directly dependent on agriculture. The performance of the agricultural sector dictates how the rest of other economic sectors perform.

Agriculture is central to the economy of Zimbabwe, contributing between 15% and 20% of gross domestic product.

Approximately 60% to 70% of the population predominantly in rural areas are employed and derive incomes from agriculture.

Zimbabwe is expected to harvest 2.3 million tonnes of maize this year, a 58% jump from the previous season driven by favourable rains.

The country’s economy is expected to grow 3.8% this year, and will be sustained mainly by mining, construction and agriculture.