Deputy Finance Minister David Mnangagwa has addressed concerns surrounding the Ministry of Finance’s recent involvement in facilitating a debt settlement for Valley Seeds Private Limited.
In a statement issued this week, Mnangagwa emphasized that the ministry’s action was limited to issuing a letter to the company’s bank, which he described as a “commitment to pay” arrears rather than a formal government guarantee requiring parliamentary approval.
The controversy arose after reports surfaced that Valley Seeds, a prominent agricultural company, was engaged in negotiations to settle outstanding debts.
Critics questioned whether the government’s involvement implied financial backing or a guarantee, raising concerns over transparency and fiscal responsibility.
Mnangagwa reassured the public and stakeholders that the ministry’s role was purely administrative, with no commitment beyond the letter issued.
Valley Seeds is reportedly linked to Temba Nkatazo, nephew of President Emmerson Mnangagwa, fueling speculation about the nature of the government’s involvement.
