BANKS and micro finance institutions disbursed $466,74 million by the end of March, missing a target of $576,73 million, a review of the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset) has shown.
BY TATIRA ZWINOIRA
ZimAsset was incepted in 2013, as the economic blueprint until 2018.
Of the disbursements, $105,64 million went to crop production, while $32,86 million was for livestock production.
The support to seed houses was $18,12 million, $50,94 million was channelled to support fertiliser companies and $259,18 million was given to contractors.
“A total of 80 551MT [metric tonnes] of maize, 533MT of wheat and 4MT of small grains were procured locally by Grain Marketing Board as at July 5, 2016. Cumulative payments for the 2016/17 marketing season, as of June 23, 2016 are valued at $19 315 406 (49 527MT) for maize and $234 060 (468 MT) for wheat,” a representative from the ministry of Agriculture said.
“Tonnage not paid for is equivalent to $2 298 394 (5 893 MT) for maize, $32 440 (65MT) for wheat and $920 (4MT) for small grains.”
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The Office of the President and Cabinet (OPC) yesterday said, at the review of the economic blueprint, that the agricultural sector has experienced quite a number of successes since the inception of ZimAsset in 2013.
Other achievements noted were the production of 69 million litres of cooking oil against a target of 90 million litres and producing $412 930 worth of leather products against a target of $190 000 in the first quarter of 2016. About 1 800MT of seed cotton was also processed during the period under review against a target of 3 250MT.
Yesterday’s review of ZimAsset came as the OPC, will, at the end of the month, release the ZimAsset communication and media strategy implementation plan, as part of government efforts to engage with economic stakeholders.
Senior principal director (department of public affairs and knowledge management in the OPC), Mary Mubi told NewsDay that further engagement was needed with stakeholders.
OPC was given the coordination role for the ZimAsset agenda, which is essentially a multi- stakeholder strategy involving the private sector, development partners and civil society.
“The communication strategy is really about ensuring communication in order for stakeholder participation, but also for us to be able to continuously improve on terms of delivery,” Mubi said.
