SeedCo bemoans tough operating environment

SEEDCO Limited has found the operating environment in Zimbabwe increasingly difficult for the first half of the year due to constant policy interventions.

In a financial statement for the half-year ended September 30, 2022, group secretary Tineyi Chatiza, said liquidity crunch, foreign currency shortages and prohibitive borrowing costs were among the major obstacles encountered in that period.

“During the period under review, the cost of key agricultural inputs continued to rise thereby threatening achievement of food security,” he said.

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