
Zimbabwe, NaijaAgroNet
recalls has been experiencing an extensive migration of farmers ditching the
production of staple crops such as maize in favour of cash crops, such as
tobacco, and this is quickly raising the import bill for food.
Sory Ouane, country director of the UN World Food Programme in
Zimbabwe, disclosed that the UN has budgeted $86m for its food assistance programme
to June this year in order to feed 1.8-million of those in need, but despite
some "generous contributions" from donors, the fund had a $60m
shortfall.
The Portfolio manager, Investec Asset Management, Roelof Horne, blamed
the lack of clarity over property titles after the land grabs in the 2000s as
holding back investment in agriculture in that country.
Zimbabwe was once known as the bread basket of Africa but has seen its
economy shrink by half since 1980 as a result of indigenisation and the farm
invasions.
However, tobacco is making a comeback again to levels near 200-million
kilograms, last seen a decade ago.
"It’s a mess. I think Zimbabwe will be an agriculture power again,
but there are complex issues to resolve first," said Mr Horne.
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