AGRO-SEED manufacturer SeedCo Limited says its new seed dryer installed in Harare through a US$12,5 million financing facility will quicken access to the market and improve seed quality.
The seven-year loan was sourced from French development finance institution, Proparco, and saw the company’s debt for the year ended March 31, 2021 increasing to $13,3 billion in inflation adjusted terms from $9,9 billion the previous year.
“The completion of the seed drier should enable us to bring seed to the market much quicker and also continue to improve seed quality,” SeedCo Limited Group chief executive, Morgan Nzwere, said during an online briefing.
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