Zim GBC News | Business Reporter<\/p>\n\n\n\n
HARARE \u2013 The Grain Marketing Board (GMB) has received a US$5 million allocation from the Treasury to settle part of the outstanding payments owed to farmers for delivered cereals.<\/p>\n\n\n\n
In a statement issued this Wednesday, GMB Chief Executive Officer Edson Badarai confirmed the disbursement, stating it would help clear the arrears to grain producers.<\/p>\n\n\n\n
\u201cThe Grain Marketing Board (GMB) is pleased to announce that it has received USD 5 million from Treasury to facilitate payments for cereals deliveries,\u201d Badarai said.<\/p>\n\n\n\n
He emphasized the critical impact the funding will have on the agricultural sector, noting,<\/p>\n\n\n\n
\u201cThe funding will enable GMB to clear some of the outstanding payments owed to farmers, bringing positive impact on the agricultural sector, as farmers will be able to invest in their business.\u201d<\/p>\n\n\n\n
The GMB CEO also extended gratitude to the government for the financial intervention.<\/p>\n\n\n\n
\u201cThe Board is also grateful to the Treasury for this financial support, and appreciates Hon. Minister Dr. A. J. Masuka\u2019s support and facilitation on this front,\u201d Badarai added.<\/p>\n\n\n\n
Concluding the statement, he affirmed,<\/p>\n\n\n\n
\u201cGMB continues to honour the role of farmers and their resilience as the country gears for the summer season.\u201d<\/p>\n\n\n\n
The payment is expected to provide much-needed liquidity to farmers as they prepare for the crucial summer cropping season.<\/p>\n\n\n\n
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Zim GBC News | Global News From An African Perspective\u00a92025<\/p>\n","protected":false},"excerpt":{"rendered":"
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