Plastic Pays: Securing smallholder incomes through mobile money and card payments

 Navigating cash shortages and illiquidity in Zimbabwe.

The economy has been a real worry for many people in Zimbabwe for several years. The economic downturn has led to illiquidity, cash shortages, inflation and subdued economic activity. This has an impact across the country with as many as 43% of Zimbabweans describing their economic situation as “very bad” or “fairly bad” (Afrobarometer, 2018). Despite this challenging environment, the Market Development component of the DFID-funded Livelihoods and Food Security Programme (LFSP), has been working to develop more resilient value chains to secure incomes and allow smallholder agriculture to thrive.

DFID has invested £47,635,000 enabling LFSP to collaborate with smallholder farmers and private sector companies at the local and national level to co-create strategies and inclusive business models that deliver benefits for both smallholders and agribusiness.

For further details, access the full article here (PDF).

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