Zimbabwe secures US$125m Afreximbank boost to strengthen fertiliser production Story by Stanley James, Business EditorZIMBABWE’S fertiliser industry has received a boost after Mutapa Investment Fund secured a US$125 million facility from African Export-Import Bank (Afreximbank) to capacitate the whole value chain ahead of the 2025/ 2026 summer cropping season.It emerged during the tour by the Parliamentary Portfolio Committee on Industry and Commerce on Harare-based fertiliser producing firms this Wednesday that the facility is being mobilised by MIF from Afreximbank.Mutapa Investment Fund, Head for Agriculture and Industrials, Mr Tatenda Chimusoro said the facility is expected to be used towards procuring raw materials for the production of fertiliser.“We are negotiating the facility on behalf of the Afreximbank and finer details of the plan will be rolled out in due course. Already we have also mobilised another facility at Dorowa for the production of phosphate.”Industrial Development Cooperation of Zimbabwe’s Group Chief Executive Officer, Mr Edward Tome, said the facility will guarantee Zimbabwe’s self-sufficiency in terms of fertiliser production.“We are looking forward to a situation whereby the fertiliser value chains will play a pivotal role in ensuring that fertiliser imports are reduced, thereby increasing confidence in the value chains,” he said.Parliamentary Portfolio Committee on Industry and Commerce Chairperson, Honourable Clemence Chiduwa, outlined the assessment of capacity for the fertiliser industry.“The purpose of this visit is critical. I think it serves as a purpose for us to probe the sector, identify the challenges and map the way forward.
As legislators, we want a vibrant fertiliser producing value chain that unlocks output and positions Zimbabwe as a vibrant fertiliser producing nation.”Findings during the tour show that the fertiliser industry plays a pivotal role in the overall growth of the agriculture industry in Zimbabwe.Mutapa Investment Fund holds 100 percent shareholding in the Industrial Development Cooperation of Zimbabwe, which owns various companies in the manufacturing of fertilisers across the country. ZIMBABWE’S fertiliser industry has received a boost after Mutapa Investment Fund secured a US$125 million facility from African Export-Import Bank (Afreximbank) to capacitate the whole value chain ahead of the 2025/ 2026 summer cropping season. It emerged during the tour by the Parliamentary Portfolio Committee on Industry and Commerce on Harare-based fertiliser producing firms this Wednesday that the facility is being mobilised by MIF from Afreximbank.
Mutapa Investment Fund, Head for Agriculture and Industrials, Mr Tatenda Chimusoro said the facility is expected to be used towards procuring raw materials for the production of fertiliser. “We are negotiating the facility on behalf of the Afreximbank and finer details of the plan will be rolled out in due course. Already we have also mobilised another facility at Dorowa for the production of phosphate.” Industrial Development Cooperation of Zimbabwe’s Group Chief Executive Officer, Mr Edward Tome, said the facility will guarantee Zimbabwe’s self-sufficiency in terms of fertiliser production.
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“We are looking forward to a situation whereby the fertiliser value chains will play a pivotal role in ensuring that fertiliser imports are reduced, thereby increasing confidence in the value chains,” he said. Parliamentary Portfolio Committee on Industry and Commerce Chairperson, Honourable Clemence Chiduwa, outlined the assessment of capacity for the fertiliser industry. “The purpose of this visit is critical. As legislators, we want a vibrant fertiliser producing value chain that unlocks output and positions Zimbabwe as a vibrant fertiliser producing nation.” Findings during the tour show that the fertiliser industry plays a pivotal role in the overall growth of the agriculture industry in Zimbabwe.
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