USD8.2 bn agric economy by 2025 attainable : President

By ZBC Reporter

The President Cde  Emmerson Mnangagwa says the launch of the Cattle Ranching  Joint Venture Project gives impetus to the  fulfillment of the Agriculture and Food Systems Transformation Strategy ,which targets attainment of an US.8.2 billion agriculture economy by 2025.

He was speaking during the launch of the project in Mhondoro-Ngezi this Thursday morning.

The venture is between Zimbabwe Platinum Mines (PVT) Ltd and Palmine Holdings.

He also expressed government’s commitment in supporting the Agricultural sector.

In order to ring fence current and increased investment in Agriculture  my government remains committed to supporting the sector constantly  by refining the present conducive policy and operating environment for the sustainable development of the sector, he said.

The success of the joint venture was also cited as testimony to the importance of shared responsibility.

The fruition of the joint venture is a confirmation that sustainable and inclusive development of our great country is not only the responsibility of government. It is a shared responsibility of the private sector, development partners and all citizens alike,noted the President.

The project targets a herd of 10 000 cattle comprising 500 beef  and 500 dairy cattle. It also targets semen production for both the domestic and export markets .

With regards to dairy production,the project targets 25 000 000 litres of milk by 2026 thereby significantly augmenting the country’s milk requirements.