GMAZ In A Diaspora Forex Crowdfunding Initiative To Raise Money To Import Grains
The Grain Millers Association of Zimbabwe has embarked on a campaign aimed at raising foreign currency to import grains New Zimbabwe reports.
This was revealed by GMAZ Chairman Tafadzwa Musarara who was speaking in Epworth during the mealie meal distribution exercise in the area.
Zimbabwe receives about US$90 million in remittances per month. Private sector needs about 80 000 tonnes of maize to feed the commercial market which is equivalent to US$25 million.
We are appealing to our fellow citizens in the diaspora. We will be approaching them very soon to assist us in crowd funding for the sale of maize. We have some of them who are still remitting funds into Zimbabwe maybe through purchase of a car or some other assets into Zimbabwe for resale so that they can get a premium.
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Zimbabwe has been battling mealie meal shortages that have seen people defying lockdown restrictions to queue for mealie meal.
More: New Zimbabwe