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Commercial Farming could boost economic growth

by 5m Editor
15 May 2007, at 11:10am

ZIMBABWE - THE City of Harare and Premier Banking Corporation has signed a memorandum of understanding to help fund the commercialisation of farms owned by the municipality. The units would include pig and poultry production along with dairy farms and pet food manufacture.

Chairperson of the Commission running the Harare's city affairs Ms Sekesayi Makwavarara said the council wanted to commercialise the operations of the five farms it was already running.

She said the purpose of the move was to supplement the revenue base of the council. "The city's needs to transform these farms into commercial entities to supplement our resource base," said Ms Makwavarara.

She said that commercial opportunities could be realised from pig and poultry production, meat processing, dairy farming and pet food manufacture. Adding that the partnership would enable Harare to become a world class city by 2010. The farms would also provide employment for people of the city.

"We are at the beginning of our roadmap to transform Harare into a world class city. Your partnership will enable us to realise one of our goals of growth with sustainability," Ms Makwavarara told Premier Banking Corporation officials.

She said that city officials would work tirelessly to ensure that the farms were transformed into viable business entities. She also hoped the bank would continue to look for other areas of co-operation.

Source: AllAfrica.com

5m Editor