21 November 2017
   
Mnangagwa defiant, tells Mugabe to go
Impeachment: Zanu PF starts process
War vets ask High Court to validate coup
Students: Army must not impose leader
Only ED can handle current crisis: Cross
Dzamara Square prayers till Mugabe out
Sadc armies must learn from ZDF: Sekeramayi
Zim needs inclusive fresh start: Tsvangirai
MORE NEWS
ZSE continues self-correction
Zimasco agrees deal with US-based firm
MORE BUSINESS
Tuku, Winky D impress despite coup
Thomas Mapfumo not going to Zim
MORE SHOWBIZ
Gumbo fined $2,5k for match desertion
City drop points against Caps Utd
MORE SPORTS
Caught between the Croc and Gucci City
Zimbabwe: The Thing and its Shadows
MORE OPINION
 
This isn’t a national democratic project!
What possibilities for investment?
MORE COLUMNISTS
 
 

EU injects $30m towards beef production

14/11/2017 00:00:00
by Business reporter
 
 
RELATED STORIES
EU to Mugabe: respect ‘dissident’ opinions
Envoy upset as Charamba berates EU
Zim civil society weak, says EU envoy
EU injects $5m into democracy projects
EU concerned over Bikita West violence
EU demands reforms before 2018 polls

THE European Union (EU) has injected $30 million towards the development of the country’s livestock production.

Most of the funds released by the EU are aimed at recapitalizing Zimbabwe’s beef production and the livestock industry which used to bring in foreign currency before the turn of the millennium.

Zimbabwe was once the largest exporter of beef to the EU market among all the Southern African countries. Things changed when the government decided to seize land from white commercial farmers most of whom were the producers of the beef which the country was exporting.

“In total, the EU is providing $ 29 610 600 (EUR 25 500 000) for projects that aim at improving the economic, social and environmental performance of value chains and also their direct enabling environment including business and financial services and the provision of animal feed at reduced costs,” said EU in a statement Tuesday.

The EU said these funds would be unveiled to organizations which have traceable records of effectively dealing with agriculture production throughout the country.

“The target groups of this support includes off takers in these value chains, actual and potential suppliers (small and medium scale farmers) as well as producer and industry associations, unions, service providers and input suppliers ,” said the EU.

“EU wishes to Strengthen service provision for developing sustainable agriculture value chains, supporting the development of sustainable, high potential livestock based value chains,” said EU.

Brussels said the decision to capacitate this sector also comes after realizing that actors in these value chains were faced with a number of challenges that “undermine their profitability and establish a vicious circle of low investment and low productivity including limited linkages to growth markets, lack of finance for long term investment, the cost of animal feed and aggregation as well as the limited investment in productivity”.

 



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker