Related Keywords: come up with cotton to textile value chain, cotton price, Ethiopian investors, farmers shunning the crop, interested to invest in Zim cotton, international market, open cotton sector to foreign investors, plummeting prices, revive cotton industry, taken a nosedive, Vice President Emmerson Mnangagwa, Zimbabwean cotton sector
The Zimbabwean cotton sector has over the years taken a nosedive due to the plummeting prices of the commodity on the international market, which has resulted in farmers shunning the crop. Vice President Emmerson Mnangagwa said that Ethiopian investors have expressed willingness to invest in the Zimbabwean cotton sector and hence the government will take the lead in ensuring that the cotton industry is revived.
He said that government will fully invest in the sector especially on the beneficiation thrust before opening the sector to foreign investors.
