I would like all banks to support them with the right financing products as one way of promoting production for exports. I have also gladly noted some businesses investing in value addition to agricultural products. Again, this needs to be supported because it is through value addition that exports start to earn more foreign exchange.
The country’s yawning balance of payments deficit will not be closed by government. It is through private sector exports that we will be able to deal with this huge gap between imports and exports. The trade deficit is one of the biggest enemies of our economy. It is this trade gap that threatens our exchange rate stability.