ZIMBABWE’S dairy sector, despite achieving remarkable growth in milk production, is struggling to access the working capital needed for further expansion and efficiency improvements.
The Zimbabwe Dairy Industry Trust chairperson, Themba Mutsvairo, emphasised the need for long-term financing options.
“Currently, the buyer-willing sell – er system is no longer providing ad – equate foreign currency to the processors to meet their foreign currency obligations. The local financial ser – vices are unable to meet our capital expenditure and operating expense requirements as processors…,” Mutsvairo said.