The Grain Millers Association of Zimbabwe (GMAZ) is set to finalise a 200 000 metric tonne wheat import agreement with Canada in the next two weeks to beef up local stocks.
The GMAZ team was in Toronto last week and the association’s Chairperson, Mr Tafadzwa Musarara said there was goodwill from the Canadian counterparts and a delegation from that country will be in Zimbabwe to sort out transport logistics in two weeks time.
“We are most indebted to His Excellency [President Emmerson Mnangagwa] for his stance on Zimbabwe being open for business. They saw him in Davos so negotiations were easy for us even if it was our first business trip in more than 24 years to Canada. We need Canadian wheat, it is the best in the world,” he said.
The success of the five year import deal however hinges on the availability of foreign currency as grain millers are failing to remit US$55 million to suppliers, while some wheat purchased in 2016 is yet to be paid for.
The Reserve Bank of Zimbabwe has however prioritised the payments.
Zimbabwe produced 200 000 tonnes of wheat last season but imports are necessary for blending since the local component is low in protein.
more recommended stories
Former President Robert Mugabe in Singapore amid health fears
FORMER President Robert Mugabe reportedly flew.
DR Nkosana Moyo to launch party manifesto
THE Dr Nkosana Moyo led Alliance.
Zimbabwe receives US$21m roads grant from Japan
The Japanese government has extended a.
Chamisa mocked for claiming hitmen are after him
Movement for Democratic Change Alliance leader.
President Mnangagwa receives 5 new diplomats
President Emmerson Mnangagwa has received letters.
President Mnangagwa stops motorcade to queue for fried chicken
Zimbabwean President Emmerson Mnangagwa reportedly surprised.
British embassy exposes MDC Alliance
THE United Kingdom embassy in Zimbabwe.
Report : President Mnangagwa warns ‘rebels’ in his Zanu-PF party
Zimbabwean President Emmerson Mnangagwa has reportedly.