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Additionally, part of its planned capital expenditure will go towards introducing new drought-resistant seed varieties, a strategic move to mitigate the impact of climate change.
This significant debt has raised concerns about the government's payment backlog and its impact on the private sector, particularly in the critical agricultural industry.
Seed Co group chief executive officer (CEO) Morgan Nzwere confirmed this saying the fake seed was sold mainly in places were smallholder and communal farmers buy seed.