HARARE, ZIMBABWE — The Agricultural Marketing Authority (AMA), which regulates the participation in production, buying and processing of agricultural products in Zimbabwe, has raised $75 million for grain procurement, according to an article in The Herald.
The AMA issued agro-bills in September through CBZ Bank, and officials with the AMA said the bills, which are meant for purchasing maize and wheat, have been guaranteed by the Zimbabwe government.
“The response was very overwhelming,” an AMA official told The Herald. “The money would be used to pay for grain deliveries to the Grain Marketing Board — both maize and wheat.”
