Mobile Money transfers resuscitated in the cotton industry

By Tapiwa Machemedze
Mobile Money transfers have been resuscitated in the cotton industry to ensure smooth flow of payments to farmers by the Cotton Company of Zimbabwe.
The move is expected to increase financial inclusion for cotton growers this season.
Cottco Managing Director Pious Manamike says the facility will be rolled out when farmers receive their outstanding payments from last season.  
“We had a challenge when the facility to use mobile money was withdrawn but we went on a blitz to ask ;our farmers to open bank accounts of which many farmers opened but I’m happy to reopen that towards the ends of last year our mobile money accounts were reopened so as we pay the remainder of payments owed form last year, we just have to engage the central bank on the limits on the accounts.”
Manamike assured farmers the money will be paid soon following talks with government.
This comes when Cotton growers in Muzarabani are optimistic volumes will increase this season following the good rains.
“I planted 6.5 hectares after going to the agriculture show last year and seeing that cotton growing should be treated as a business.”
Three hundred and eighty-eight thousand growers registered to grow cotton this year, up from 313 thousand last year, following government’s call for growers to focus on production of the white gold as it leverages the sector for growth in line with the National Development Strategy One economic blueprint.

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