The horticultural sector of Zimbabwe, once devastated by violent land seizures two decades ago, is on the path to recovery with increased investment.
The industry, which saw exports peak at $140 million in 1999, is now aiming for $1 billion in exports by 2030, according to the Horticultural Development Council ,HDC.
The land seizures shook Zimbabwe’s agriculture-based economy, causing food shortages and a protracted economic crisis characterized by 500 billion percent hyperinflation in 2008.
Despite challenges such as an inconsistent policy environment, high borrowing costs, and concerns over land tenure, Zimbabwe is currently earning $120 million annually from horticultural exports, including citrus, flowers, tea, avocados, blueberries, and macadamia nuts.
The targeted growth would require $1.2 billion of investment, with the government and international support playing crucial roles in achieving this goal.
The sector’s revival is seen as essential for Zimbabwe‘s economic recovery.
Crediblenews.ng
