AGRICULTURE implements supplier Radzim is set to invest USS$500 000 in construction of its new premises and storage facilities as the company remains upbeat on the country’s prospects of economic recovery.
Company representative Sean Bell said the confidence by Radzim was on account of the positive actions and policy pronouncements made by government in respect of the agriculture sector.
“We are building new facilities for our business and we are going to invest about US$500 000 for the premises. As a company we are moving forward and things are happening in the sector. Government now recognizes potential of the sector and hopefully our investment will pay off.
Money is waiting to come into the agriculture sector, and we are happy government is working very hard to improve conditions but we are still not there yet. It seems the international community is waiting for elections and if successfully completed then investment will come.”
Since ushering in of the new dispensation government has through the ministry of Lands, Agriculture and Rural Resettlement, committed to resolve teething issues in the agriculture sector chief among them compensation of former commercial farmers and securing tenure for resettled farmers.
Bell said despite the positive actions by government such as the More Food Programme and Command agriculture challenges still remained in particular for importers like Radzim.
“All importers are struggling with forex and this is not a good picture. We should be at the top of the RBZ tier system for forex allocation but we have not received any support since the forex shortages started. The situation at times poses challenges with our suppliers”.
He said Radzim had a strong supplier network across the globe while its local distribution network was among the best in the market.
The company successfully provided implements to the first phase of the More Food Programme and has a solid clientele with beneficiaries of the A2 land reform exercise as its implements are targeted at large scale farmers.