Seed Co to boost US dollar sales

SEED producer, Seed Co Limited, will prioritise export sales and foreign currency transactions to generate more forex to offset market shortages, it has been revealed.

Over the past few years, there has been a significant decline in foreign currency availability in the local market due to currency volatility, stringent exchange controls and a drop in investments.

In its financial results for the year ended March 31, 2024, Seed Co said the firm maintained cautious optimism regarding Zimbabwe’s economic outlook despite prevailing challenges.

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