Overview
CBZ Agro-Yield (Private) Limited is a subsidiary of CBZ Holdings Zimbabwe. CBZ Agro-Yield’s aim is to actively participate in assisting the Government of Zimbabwe to meet its objectives by empowering farmers, creating employment and increasing food production. The company works with various stakeholders to ensure farmer production yields continuously improve through enhanced methods such as farm mechanization.
CBZ Agro-Yield in conjunction with the Government of Zimbabwe through the Ministry of Finance and Economic Development and Ministry of Agriculture are the major stakeholders in the National Enhanced Agriculture Productivity Scheme ( NEAPS ). The aim of NEAPS is to ensure food self-sufficiency in Zimbabwe through the support of wheat, maize and soya bean production.
CBZ Agro-Yield distributes inputs to farmers that meet the Company’s requirements with regards to repayment capabilities and production capacity. CBZ Agro-Yield identifies various suppliers that can supply inputs in a timely manner to ensure uninterrupted farming activities for farmers. The inputs generally include but are not limited to;
- Seed
- Fertilizer
- Chemicals
- Fuel
- Mechanization equipment such as irrigation systems.
The Government of Zimbabwe through the Ministry of Finance provides funding for the Program to guarantee payment to the different input suppliers. The farmers repay their input loans with product through delivering the equivalent amount of produce to the Government appointed agents to cover their loan. The business aims to diversify its portfolio into other product lines such as horticulture.
CBZ Agro-Yield plays an integral part of the NEAPS program through the identification of farmers, sourcing of suppliers, distribution of inputs and reconciliation of farmers’ accounts. The introduction of Information Technology is assisting the company to effectively manage the tracking, supply & distribution of inputs as well as the repayment of loans.