DOING BUSINESS IN ZIMBABWE
AGRICULTURE
Overview of Sector The Agriculture sector is the mainstay of the economy which contributes 15.5% of the country’s Gross Domestic Product. It is characterized by diverse investment opportunities ranging from the production of cash crops, production of strategic crops, mechanization, horticulture and the upgrading of agricultural equipment and livestock. There are a wide array of investment opportunities in Agriculture that have the potential to boost the sector’s viability.
Agricultural Production, Main Products (000 tons). PRODUCT
2005
2006
2007
2008
2009
2010
Tobacco
74
55
80
56
59
125
Maize
750
1,485
953
575
1,240
1,300
Beef
90
90
95
90
93
95
Cotton
198
260
235
226
211
260
Sugar
430
447
442
298
259
350
Horticulture
60
64
66
60
35
43
Wheat
-
-
-
34
48
20
Source: Ministry of Agriculture.
Opportunities In The Agricultural Sector. Project No
Project Title
1
National Irrigation Rehabilitation and Development Programme.
2
Livestock Capacity Building.
3
Rehabilitation of Cattle Infrastructure.
4
Pig Industry Board/Poultry
5
Small Stock Breeding and Multiplication Centres in Matebeleland South Province.
6
Matebeleland South Enhancing beef production through paddock and rotational grazing in the Gwanda District.
7
Rehabilitation of Infrastructure for Animal Health Extension Services.
8
Dairy Development Project.
9
Agro-Processing / Value Addition.
10
Recapitalization of the Cold Storage Commission (C.S.C).
11
Aqua Culture e.g Binga Inshore Fisheries Development and Marketing.
12
Increasing Rice Production in Zimbabwe.
Project No
Project Title
13
Improved Horticultural Productivity in Irrigation Schemes
14
Grain Marketing Board Contract farming for ground nuts, popcorn,
15
Cotton Farming
16
Potato Farming
17
Farm Mechanization Programs
18
Contract Farming
Fiscal Incentives In Agriculture Farmers Special Deductions Farmers are allowed special deductions over and above the normal deductions. Examples include expenditure on fencing, clearing and stamping land, sinking boreholes and wells and on aerial and geophysical surveys. Value Added Tax Farming inputs and equipment are subject to VAT at 0%. Most farm inputs such as animal feed, animal remedy, fertilizer, plants, seeds and pesticides and equipment or machinery used for agricultural purposes are zero rated.
Investing In Zimbabwe By Foreign Investors Foreign investors are welcome to invest in Zimbabwe in sectors of their preference provided encouraged to enter into joint venture partnerships with local Investors.
Important Contacts The Ministry of Agriculture, Mechanization and Irrigation Development Ngungunyana Building, 1 Borrowdale Road, Harare +263 4 708794 Agriculture Marketing Authority First Street and Union Avenue 4th Floor Unity Court Building, Harare Commercial Farmers Union Agriculture House Adyliss and Marlborough Drive, Marlborough, Harare +263 4 309800-19 Tobbacco Industry Marketing Board Corner Simon Mazorodze Road and Stonebridge Road Waterfalls, P.O.Box UA214 Union Avenue, Harare +263 4 614431 Agricultural Rural Development Authority 3 McCrery Avenue, South Eastlea P.O.Box CY 1420 Causeway Harare +263 4 705841-6 Zimbabwe Investment Authority Investment House, 109 Rotten Row, Harare, P.O.BOX 5950, Harare, Zimbabwe, Tel:+2634757931-6, +2634759911-5, +2634780140-5, Fax:+2634773843, Email: info@zia.co.zw, URL: www.zia.co.zw
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