Mishma Chakanyuka, Staff Writer 
CBZ Holdings (CBZ) says it is committed to helping the agriculture sector navigate the impacts of the new wave of digital transformation, which is creating serious disruptions in the business world.
The world is currently experiencing a shift to digitalisation and this has affected the usual flow of things as businesses are battling to catching up with the transformation.
Speaking at the launch of the fourth edition of the Zimbabwe Agricultural Sector Survey in Harare this week, CBZ Holdings’ (CBZ) investment deputy chief executive officer, Jack Smith, said the financial services group was cognisant of how the new wave of digital transformation is changing the farming landscape in Zimbabwe, particularly with the coming in of agri-tech to drive production capacity and yields.
“As the future continues to be shaped by ICTs, CBZ Holdings intends to participate by supporting smart farming to improve the economic contribution of the sector,” he said. Smith added that digital transformation will continue to have an impact on both large and small organisations worldwide.
He highlighted that the agriculture sector is also being affected by the risk of uncertain loss, and with agriculture insurance still in its formative years in the country, there is a need for the creation of more platforms for candid conversations to develop homegrown solutions.
Smith said as a response to the above, CBZ has structured a comprehensive insurance cover for farmers, their crops, and equipment, which reduces volatility and supports productive growth in the sector.
“Agriculture insurance is an antidote for many economic woes because it can have huge positive impacts on agricultural income, and the sector’s capacity to develop, invest, and contribute effectively to the nation’s GDP,” he said.
